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The Book Of Meme price has surged 9% in the last 24 hours to trade at $0.01076 as of 5 a.m. EST on a 13% jump in trading volume to $255 million.
The surge comes after the crypto exchange Coinbase announced that it will launch BOME and Notcoin (NOT) perpetual futures contracts on June 20.
This move highlights Coinbase’s ongoing expansion into meme coins, following its previous support for coins including Shiba Inu (SHIB), Dogecoin (DOGE), and Floki Inu (FLOKI).
BOME Price Rises in the Crypto Market
Meme coins have been prominent in the market, with DOGE and SHIB leading the way thanks to backing from high-profile individuals. However, one of the most attention-grabbing projects in recent times has been BOME. This new project gained a… pic.twitter.com/aCUo7xwYME
— Lamia16 (@lamia168) June 14, 2024
By introducing BOME perpetual contracts, traders can now speculate on its price movements without owning the coin, which could significantly impact its market dynamics.
Book Of Meme Price Spikes Above the Falling Channel
The Book of Meme price bulls have regained momentum after a prolonged downturn that saw the bears push the price to the $0.009494 support zone. The double bottom formed has given the bulls hind wings to make the price above the falling wedge.
BOMEUSD Analysis.(Source: Dextools.io)
Additionally, BOME’s price has surged above the 50 and 21 Simple Moving Average (SMA). This indicates a shift in momentum to the upside, pushing the price up as the bulls aim for a new all-time high. The moving average cross at $0.01004 has also intensified the bullish sentiment, adding to overall bullish momentum.
The Relative Strength Index (RSI) also shows an uptrend above the 50 midline level as it approaches the 70 overbought zone. It is currently hovering around the 66 mark, suggesting intense buying pressure. Increased momentum should push the RSI further, potentially moving into the overbought zone above 70. Such a move would indicate increased buying interest and further support BOME’s bullish sentiment.
The MACD (Moving Average Convergence Divergence) indicator shows a bullish trend. The blue average line crosses the orange signal line at the neutral level, signalling a shift towards bullish momentum. Additionally, the histogram bars indicate negative momentum in the price movement, further supporting the bearish outlook.
Book Of Meme Price: More Upside Likely
The presence of the bullish moving averages has given the bulls the opportunity to drive the price back up above the falling channel as they aim to reach the previous high at $0.01310. A breach above this level could give the bull’s hind wings to fly the price to a high of $0.01590 in the upcoming weeks.
On the flip side, the bears might take over the price, forcing the bulls to take a downturn and reach the $0.01052 support zone, which coincides with the channel’s upper trendline. A breach below this level could send the price to the $0.009859 support zone.
Investors Flock To Sealana Before Its Launch
Meanwhile, investors are rushing to buy the new Solana meme coin Sealana (SEAL) as its launch nears. SEAL has already raised more than $4 million in one of the most successful presales this year.
Seems like @thenotoriousMMA didn’t like #Sealana asking why he was drinking whiskey at the #Roadhouse rather than fighting in the octagon… If only he knew before raising his fists that Sealana was a 300lbs ex army $SEAL…
It’s not going to be a fair fight but no one will… pic.twitter.com/L1TqztPiAX
— Sealana (@Sealana_Token) June 10, 2024
The Sealana character is based on a plump seal who has immersed himself in the depths of the Solana Sea. Glued to his PC, he’s expanding by the day, trading his sleek figure for a diet of chips and canned tuna.
His fixation on discovering the next major Solana meme coin keeps him engrossed, with his flippers constantly at work and his living room in disarray.
Jacob Bury, a crypto analyst and YouTuber with over 38.4k subscribers, says that Sealana could be the next 10X investment opportunity.
With about 11 days left until the presale ends on June 25 at 6 PM UTC, now is the time for prospective investors to secure their SEAL tokens at $0.022 each.
Buy SEAL here using ETH, USDT or a bank card.
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