- The presale participant raised $3.66 million of a attainable $30.2 million.
- Bulls have taken benefit of vendor fatigue and try to push the worth right down to $0.030.
- Whereas market cap fell to $1.01 billion, volatility remained excessive.
Three days after Solana-based sundayfunday.sol, the most important participant within the BOOK OF MEMES (BOME) meme coin presale, has taken some earnings, three days after turning $72,000 to $30.2 million. In keeping with Lookonchain, individuals spent 421 SOL to purchase 1.43 billion BOME.
After the worth pumped up and the market cap exceeded $1 billion, he offered 190 million BOME for $3.66 million. On the time of writing, the dealer nonetheless had 1.24 billion BOME value $26.57 million.
On March 16, Coin Version reported how the meme coin caught the eye of Binance when the alternate introduced the launch of its perpetual contract. Moments later, the worth of BOME rose to $0.0264.
Nonetheless, a ton of early buyers appear to have taken a revenue from the pump. In consequence, the worth of the meme coin dropped. At press time, CoinMarketCap knowledge confirmed that BOME had modified fingers at $0.0198.
BOME value prediction
On the 1-hour chart of BOME/USDT utilizing TradingView, the bulls appeared poised to assist the worth retest $0.0264. At press time, sellers seem to have been exhausted at $0.0178. In consequence, the bulls took benefit of the fatigue and reversed the pattern to the upside.
Nonetheless, on an increase to $0.0264, BOME might encounter overhead resistance at $0.0226. A profitable breach of this resistance can ship the token to $0.030. Nonetheless, if the token is rejected at this degree, the worth might reverse under $0.020.
Moreover, Bollinger Bands (BB) confirmed that volatility across the cryptocurrency remained excessive. A bullish situation with this sort of volatility might yield one other 5x for the meme coin.
In extremely bearish situation, BOME value might drop again to $0.0178. In the meantime, the Relative Power Index (RSI) remained above the impartial zone. This implies that the token nonetheless had some bullish momentum left regardless of the promoting stress it skilled lately.
Regardless of the latest drawdown, BOOK OF MEMES remained among the many prime 100 cryptocurrencies. At press time, it was ranked 97th with a market cap of $1.01 billion. Meme coin is the third Solana-based token to enter the highest 100 after Bonk (BONK) and dogwifhat (WIF).
Nonetheless, each WIF and BONK have seen large dips lately as liquidity appears to have shifted from there to BOME. Within the final 24 hours, the worth of WIF has decreased by 12.92%. BONK, on the opposite hand, misplaced 19.72% of its worth.
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