Is BOME price about to break through the barriers and reach new highs?

BOME price and quantity analysis

Trading volume analysis shows that on March 17, 2024, the trading volume of the BOME cryptocurrency reached $5.19 billion. The price and volume chart shows a huge spike in volume on the 17th, with prices rising along with it. However, the price of BOME failed to continue to rise, and the price began to fall along with the trading volume.

The current trading volume is 1.7 billion and the BOME price is $0.0122. This data indicates that the trading volume is steadily declining and has reached the point where there are signs of support.

BOME price trend analysis on daily time frame

According to the daily chart, the crypto asset has shown signs of recovery as price is showing on the charts holding on to key levels around $0.010.

The BOME cryptocurrency looks set for a stunning surge to break the barrier at the aforementioned price levels and potentially surge to new peaks from the current support zone.

The Book of Meme cryptocurrency has surged 20.65% in intraday trading over the past 24 hours and is currently trading at $0.0122.

Therefore, BOME price could rebound from current levels if demand for the asset surges. The next price objective is reaching $0.0300, with the main resistance coming at $0.0200.

However, if the cryptocurrency price fails to sustain levels above $0.0100, it may drop further and reach lower levels.

generalize

BOME token distribution analysis by solscan.io shows concentrated ownership, with the top 100 holders of 72,000 tokens owning approximately 79.29% of the total 68.9 billion tokens. The remaining tokens are allocated to other accounts. On March 17, 2024, trading volume increased significantly to $5.19 billion, while prices increased. However, the price did not sustain its rise and started falling along with the volume.

The trading volume has now reduced to $1.7 billion, and the BOME price has stabilized at $0.0122. This suggests that after a period of decline, stabilization is possible. The BOME token is showing signs of a possible recovery with a price of $0.010.

The outlook for BOME is positive and a sharp move higher is expected if resistance is overcome. It is currently trading at $0.0122, up 20.65% in the past 24 hours. If demand increases, the price is likely to rebound with a target of $0.0300 and immediate resistance at $0.0200. Conversely, if the $0.0100 support fails to hold, further losses are likely.

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