WIF, BOME Value Evaluation: Can New Meme Cash Reverse SHIB This Cycle?

  • WIF's leap into the highest 30 was an indication that it might reverse SHIB this cycle.
  • The RSI on the WIF/USD chart reveals indecision, suggesting that WIF might fall beneath $4.
  • BOME’s short-term EMA reveals a bullish pattern, which means the value can rise to $0.023.

Meme cash constructed on the Solana blockchain, equivalent to Dogwifhat (WIF) and BOOK OF MEME (BOME), appear decided to unseat Shiba Inu (SHIB). On the time of writing, the value of SHIB had elevated by 30.98% up to now 30 days.

However it could't examine to the efficiency of BOME or WIF. Not too long ago, WIF turned the thirtieth Most worthy cryptocurrency, overturning PEPE within the course of. By way of worth, our knowledge reveals that WIF has elevated by 149.85% inside the previous month. In the meantime, BOME rose by a whopping 1,867%.

If the meme coin continues this momentum, SHIB is probably not the star performer of this cycle prefer it was in 2021. Nevertheless, you will need to observe the value potential of the opposite two.

WIF worth evaluation

WIF skilled a tough interval on March thirty first when its worth fell from $4.76 to $3.81. Nevertheless, the help constructed by the bulls at $3.56 ensured that the decline wouldn’t be any additional. The token has now risen above $4 and bullish momentum is again.

See also  Solana season? WIF, BONK Eyes Dogecoin, Shiba Inu location

Regardless of the restoration, the 4-hour WIF/USD chart confirmed that the token has but to determine a robust concept that may maintain the rally. That is evident because the Relative Power Index (RSI) struggles to emerge on the midpoint.

If RSI rises in direction of 60.00, WIF is prone to preserve its northward motion. Nevertheless, if the indicator studying declines, WIF worth might drop beneath $4 as soon as once more.

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

Bollinger Bands (BB), alternatively, confirmed elevated volatility, indicating that giant worth actions can happen. From a bullish perspective, the value is prone to rise in direction of $4.87. Alternatively, a bearish bias might trigger WIF to fall to $3.69.

BOME worth evaluation

BOME worth has elevated by 10% within the final 24 hours. Alerts from the Exponential Transferring Common (EMA) additionally indicated that the bias concerning the token was bullish. It’s because the 20 EMA (blue) has risen above the 50 EMA (yellow).

Nevertheless, merchants could must be cautious. If the BOME worth falls beneath the 20 EMA, the view could flip bearish within the brief time period. On this case, the meme coin worth might drop to $0.012.

In the meantime, a bullish forecast for BOME places the value at $0.023. On this case, the market capitalization of the token may additionally rise from the present state of affairs.

See also  Bitcoin developer Luke Sprint Jr. expresses considerations about centralization of Bitcoin mining

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

In conclusion, it is probably not simple to take away the Shiba Inu from its place. Nevertheless, it isn’t unimaginable. However for that to occur, WIF and BOME costs might want to hit spectacular numbers.

Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version will not be answerable for any losses incurred because of using the content material, merchandise, or companies talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.


Please enter your comment!
Please enter your name here