Is It Too Late To Buy BOME? Book Of Meme Price Soars 14% And This Might Be the Next Crypto To Explode

Surging Meme Coin: Book of Meme Records 14% Price Spike

Over the past 24 hours, the Book of Meme (BOME) has experienced a remarkable surge in value, escalating by 14% to trade at $0.01076 at 3:20 a.m. EST. This surge is accompanied by a substantial leap of 211% in trading volume, propelling it to $264 million.

The resurgence of BOME is further evidenced by its rising futures open interest, which has witnessed a 14% increase in the past seven days, reaching $60.25 million.

Bullish Reversal Breaks Bearish Trend

BOME has exhibited a bullish resurgence, breaking free from a period of declining prices characterized by a bearish wedge pattern. Price bulls have regained momentum, countering the bears' efforts to drive the price down to the $0.008126 support zone. The formation of a double bottom pattern has provided the necessary impetus for the bulls to elevate the price above the falling wedge.

Technical Indicators Signal Upward Trend

Several technical indicators corroborate the bullish sentiment surrounding BOME. The price has surged above the 50 Simple Moving Average (SMA), breaking out of the bearish channel. This shift signals an upward trend, with bulls actively driving the price higher in anticipation of reaching new all-time highs.

The Relative Strength Index (RSI) aligns with this uptrend, moving above the 50 midline level and nearing the 70 overbought zone. Currently hovering around 67, the RSI suggests strong buying pressure. Should momentum continue to intensify, the RSI could enter the overbought region above 70, further strengthening BOME's bullish outlook.

The Moving Average Convergence Divergence (MACD) indicator further solidifies the bullish trend. The blue average line has crossed above the orange signal line at the neutral level, indicating a shift towards bullish momentum. Moreover, the histogram bars reveal negative momentum in price movement, bolstering the bullish sentiment.

BOME Price Prediction: Bull Run on the Horizon

Despite a slight pullback, BOME appears poised to trade above the 200 SMA resistance. The bullish moving average has empowered the bulls to push the price back above the falling channel, targeting the previous high of $0.01310. Should they breach this level, the bulls could potentially propel the price to $0.01390 in the near future.

Pepe Unchained Presale Surges

The bullish sentiment surrounding BOME finds resonance in the positive reception accorded to the new presale project, Pepe Unchained ($PEPU). The presale is rapidly approaching $1.2 million in raised funds.

Pepe Unchained is launching its own Layer 2 network, promising exceptional speed, scalability, and significantly reduced fees, ushering PEPE derivative tokens into a new era. This dedicated network will facilitate transaction speeds that outpace most meme coins on Ethereum by a factor of 100.

The team behind Pepe Unchained is offering generous rewards for early buyers. Participants in the ongoing presale can purchase the meme coin and capitalize on a staking opportunity that offers a remarkable 1,650% Annual Percentage Yield (APY).

Industry experts, including popular Crypto YouTuber Jacob Bury, speculate that Pepe Unchained has the potential to emerge as the next 10X PEPE derivative.

PEPU tokens are currently priced at $0.0081288. With a price increase scheduled in less than two days, prompt action is advisable to secure the most favorable terms. PEPU can be acquired through the official website using ETH, USDT, BNB, or bank cards.