• Presale members took dwelling $3.66 million of the $30.2 million in income.
• The bulls want to reap the benefits of vendor fatigue and push the worth in direction of $0.030.
• Market cap fell to $1.01 billion, however volatility remained excessive.

Three days after $72,000 was $30.2 million, sundayfunday.sol, the biggest pre-sale participant in Solana-based meme coin BOOK OF MEMES (BOME), made a small revenue. In keeping with Lookonchain, the participant bought 1.43 billion BOME whereas he spent 421 SOL.

After the worth soared and the market cap exceeded $1 billion, he bought 190 million BOME for $3.66 million. As of this writing, this dealer nonetheless has his 1.24 billion BOME (value $26.57 million) remaining.

On March 16, Coin Version reported how meme cash caught the eye of Binance when the change introduced the itemizing of perpetual contracts. Shortly after, BOME's value rose to his $0.0264.

Nevertheless, many early traders seem to have taken income from the pump. Because of this, the worth of meme cash fell. On the time of writing, BOME modified trades at his $0.0198, in response to CoinMarketCap information.

BOME value prediction

On the 1-hour BOME/USDT chart utilizing TradingView, the bulls seemed prepared to assist the worth retest $0.0264. On the time of writing, sellers seem to have purchased the inventory at $0.0178. Because of this, the bulls took benefit of the fatigue to honor the uptrend.

Nevertheless, on a rally to $0.0264, BOME might encounter overhead resistance at $0.0226. A profitable break by way of this resistance might ship the tokens to $0.030. Nevertheless, if the token will get rejected at this stage, the worth might drop beneath $0.020.

Moreover, Bollinger Bands (BB) confirmed that the volatility of cryptocurrencies stays excessive. In a bullish situation with this sort of volatility, memecoin might go up one other 5x.

In a really bearish state of affairs, the BOME value might return to $0.0178. In the meantime, the Relative Energy Index (RSI) remained above the impartial zone. This exhibits that regardless of the promoting stress it has skilled lately, there was nonetheless some bullish momentum left within the token.

Regardless of the current drawdown, BOOK OF MEMES nonetheless maintains its place among the many prime 100 cryptocurrencies. On the time of writing, it was ranked 97th with a market capitalization of $1.01 billion. Meme Coin is his third Solana-based token to rank within the prime 100 after Bonk (BONK) and Dogwifhat (WIF).

Nevertheless, each WIF and BONK have lately skilled vital sell-offs as liquidity seems to have shifted to BOME. Previously 24 hours, WIF value decreased by 12.92%. In the meantime, BONK misplaced 19.72% of its worth.