Lokesh Gupta
16-05-2024
#Following an impressive debut with substantial listing gains, the BOME price analysis delves into its significant 75% surge.
After stabilizing around $0.00800000, #Book of Meme embarked on a consistent upward trajectory. However, it encountered several rejections near the 38.20% Fibonacci Level.
Despite consolidating for over a month, today saw a significant surge in BOME's price as it broke above a notable symmetrical triangle pattern.
On the hourly chart, $BOME has been trading within the confines of a Bullish Flag Pattern.
The Gaussian channel continues to signal bullish momentum, further supported by the breakout from the symmetrical triangle pattern.
Sustaining above this pattern could trigger a rally, with the next resistance level lying at $0.01500000, which coincides with the 50% Fibonacci Level.
According to Coingabbar analysis, Conversely, failure to maintain support at the trendline might result in increased selling pressure, potentially driving the price down towards $0.01000000.
KEY LEVELS :
RESISTANCE LEVEL : $0.01500000-$0.02000000
SUPPORT LEVEL : $0.01000000-$0.00800000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
