BOME, a meme coin, has seen an incredible 5000% surge in value within just a few days.
In a span of four days from its launch, $BOME skyrocketed from $0.00050 to $0.028000, bringing joy to investors.
BOME's listing on Binance led to a price consolidation phase, mirroring the pattern seen in other meme coins like Shiba Inu, Floki, and Pepe.
Presently, BOME is experiencing a brief retreat from its peak of $0.02800, forming an overhead resistance trendline visible in the 1-hour chart.
A minor pullback is evident in BOME's price action on the 1-hour chart.
With a 25% decline, $BOME tests the psychologically significant level of $0.015, indicating a demand zone.
If buying pressure continues, buyers may surpass the all-time high resistance of $0.3 and aim for the subsequent psychological high of $0.4.
According to Coingabbar's analysis, If $0.015000 support fails, selling pressure could drive the price to seek support at $0.007000 or $0.004000.
KEY LEVELS :
RESISTANCE LEVEL : $0.030000-$0.050000
SUPPORT LEVEL : $0.007000-$0.002000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
