• BOME rose 9.76% to hit a 7-day excessive of $0.01643 amid a bullish rally.
• BOME’s market capitalization and quantity have surged 9.87% and 25.90%, indicating sturdy investor curiosity.
• Regardless of BOME's current rise, technical indicators are hinting at a possible change in momentum.

Regardless of a unfavourable interval within the final week of March, BOOK OF MEME (BOME) entered April with sturdy momentum. BOME bulls have been in management over the previous 24 hours and established help on the day's low of $0.0139. Through the rally, the bulls pushed the value to a 7-day excessive of $0.01643 earlier than encountering resistance.

On the time of writing, BOME was buying and selling at $0.01543, up 9.76%. BOME's market capitalization and 24-hour buying and selling quantity elevated by 9.87% and 25.90% to $855,025,793 and $868,455,316, respectively.

If the bullish momentum breaks by the $0.01643 resistance, the following resistances to observe are $0.0175 and $0.0187. Nevertheless, if the bulls are unable to maintain the present tempo, the $0.0139 help stage could also be examined once more.

BOME/USD 24-hour worth chart (Supply: coin statistics)

BOME/USD Technical Evaluation

On the BOME/USD 4-hour worth chart, the Relative Power Index (RSI) worth is trending downhill at 58.68, indicating that the present uptrend could also be shedding momentum. If the RSI drops under 50 and its sign line, it could sign a reversal within the worth development. Nevertheless, the RSI remains to be above 50, indicating that the market stays optimistic.

Moreover, the Shifting Common Convergence Divergence (MACD) development within the optimistic vary at 0.00042179 means that some shopping for stress stays. This sample signifies that though the uptrend is more likely to weaken, there’s nonetheless some help for future worth will increase within the brief time period.

Moreover, the MACD histogram exhibits optimistic momentum, supporting the belief that the market's bullish rally will proceed.

BOME/USD 4-hour chart (Supply: TradingView)

The bull-bear energy (BBP) has shaped consecutive excessive legs in optimistic territory, indicating that the bulls are nonetheless in management and additional worth will increase are probably. This sample signifies that market sentiment is optimistic and consumers are nonetheless actively pushing costs larger. Furthermore, the elevated quantity throughout this optimistic development emphasizes the energy of the bullish transfer and will increase the chance that the upward momentum will lengthen.

BOME/USD 4-hour chart (Supply: TradingView)

Nevertheless, the Cash Stream Index (MFI) is within the overbought vary at 85.79, that means the market could also be nearing depletion, so there’s a danger of a decline or consolidation within the brief time period. This MFI sample means that the present bullish momentum is shedding momentum, which may result in a brief worth decline.