thenewscrypto.com
- BOOK OF MEME price rallies over 16% to $0.00079.
- $BOME’s trading volume has skyrocketed by 238%.
The Book of Meme ($BOME) is a frog-themed meme coin on the Solana blockchain. Over the last week, the asset has posted a significant gain of 16%. Currently, the buyers are dictating the asset’s direction. Also, the technical structure remains positive.
As the meme coin continues to trade within an upward trend, the price alignment confirms bullish dominance over the broader market trend of $BOME. Moreover, the buyers need to hold the momentum stronger to keep the green chart intact.
At press time, the Book of Meme price is trading within the $0.0007948 mark after surging by over 16.55%. In the early hours, the meme coin traded at a low of $0.0006468. Later, with the ignited bullish power, $BOME has tested and broken through the crucial resistance, pushing the price to climb to $0.0008819.
Consequently, its market cap has reached $55.44 million, and Book of Meme’s daily trading volume has skyrocketed by over 238%, settling at around $100.78 million. As reported by the Coinglass data, the $BOME market saw a 24-hour liquidation of $820.39K.
Where Will the Book of Meme Price Head Next?
The short-term price movement of the asset needs to find a few important ranges in the upcoming days. The major resistance level of $BOME is likely at $0.00081. A stronger move above $0.00083 confirms that buyers are gaining control, with higher targets aimed to be broken.
On the other hand, if the momentum falls, the immediate support of Book of Meme might be at $0.00077. A deeper correction would take the price even lower; the expected range is below $0.00075, a crucial areas that decide whether the meme coin stabilises or continues to plunge.
$BOME’s Technical Setup Points To Positive or Negative Side?
The Moving Average Convergence Divergence (MACD) line is leading above the signal line, triggering an active buy signal, showing momentum is expanding. Both sitting above the zero line confirms that buyers hold full control over the broader market structure of $BOME. This bullish alignment shows strong uptrend and active short-term acceleration, where the path of least resistance remains upward.
In addition, Book of Meme’s daily Relative Strength Index (RSI) is resting at around 68.56, indicating strong, aggressive buying momentum nearing peak power. The value above the 50 midline hints that the buyers are driving a clear, dominant uptrend. It may knock the overbought zone, and the upward momentum is powerful, but watch for potential short-term consolidation as it hits standard resistance.