Memecoins On A Run As PEPE And BOME Price Break Resistance?

Memecoins Surge as PEPE and BOME Break Resistance

Coinpedia Fintech News

The memecoin market has experienced a notable surge following the Bitcoin Halving, reflecting growing investor interest in these digital assets. Top memecoins have witnessed significant gains in their portfolios over the past seven days.

Market sentiment suggests a potential memecoin mania in the coming month as bullish momentum builds.

Pepe (PEPE)

PEPE's price has reversed its bearish trend, displaying strong bullish momentum. It has gained 4% in the past 24 hours and 52.87% over the past week, indicating a positive outlook for the memecoin.

[TradingView: PEPE/USDT]

The MACD indicator reveals a rising green histogram, indicating increased buying pressure. The averages show a bullish convergence, suggesting further price appreciation.

If the price surpasses the resistance level of $0.00000785, it will regain momentum and target the upper resistance level of $0.000010. However, a bearish pullback could push the price towards $0.0000060.

Book Of MEME (BOME)

BOME has secured the 7th spot among memecoins, demonstrating its strong performance. It has gained 5.06% in the past 24 hours, with a YTD return of 1,161.4%, making it one of the top performers in the category.

[TradingView: BOME/USDT]

The MACD indicator shows a decline in the red histogram, indicating an increase in buying pressure. The averages suggest a possible bullish convergence, indicating continued price gains.

If the price remains above the support level of $0.0113, BOME will likely test the resistance level of $0.0132. However, bearish pressure could result in a decline towards the support level of $0.0094.