MOG Coin and Book of MEME (BOME) Maintain Bullish Trend Despite Bitcoin Correction

Ignoring the bearish noise with the recent correction in the Bitcoin price, the meme coins, MOG, and Book of MEME (BOME) maintain a bullish trend.

Despite the recent downturn in the Bitcoin price, meme coins MOG and Book of MEME (BOME) have maintained a bullish trend. With a breakout and reversal in sight, these meme coins could continue to rally in the coming week.

A closer look at the price charts of MOG and BOME reveals a bullish picture.

MOG Coin Bull Cycle Eyes 25% Extended Run

Bullish dominance at the 50D EMA has propelled the MOG price with a surge in demand, evident in the two consecutive green candles. Rising with surprising volumes even as Bitcoin corrects, the meme coin has surged by 22% within 48 hours.

Chart: TradingView MOG/USDT daily

Approaching the long-coming resistance trendline, the bullish revival will see the 1.618 Fibonacci level at $0.000002162 coming into play. Furthermore, the price hike teases a rounding bottom reversal with a neckline around the $0.000000235 level.

On the daily, the RSI line shows an uptick from the halfway line to cross above the 14-day SMA. Meanwhile, the 50D EMA continues to provide dynamic support for the MOG price. A bullish breakout of the trendline could pump the meme coin for a new all-time high at $0.0000030.

Breakout Opens Up 100% Upside For This Meme Coin

Concluding the long-term correction phase under the descending triangle’s trendline, BOME has made a strong comeback. With a 15.50% bullish surge, the meme coin breached the supply line and the 50D EMA overnight.

Chart: TradingView BOME/USDT daily

Moreover, the BOME price action teases a triple white soldier pattern upon the breakout. Currently, the meme coin trades at $0.0105 as it reclaims the psychological mark; the bull run is likely to pick up pace this week.

As per the trend-based Fibonacci levels, the BOME price could shoot up to the $0.01824 or $0.020 mark. Hence, with an upside potential of up to 100% this week, the Book of Meme could spearhead the next recovery wave in the crypto market.

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