Why Is BOOK OF MEME (BOME) Memecoin Price Pumping?

The price of BOOK OF MEME (BOME) has been going up today following three days of bearish decline. With a 20% rise today, the meme coin price has been able to

The price of BOOK OF MEME (BOME) has been rising today after three days of bearish decline.

With a 20% increase today, the meme coin price has managed to attract the attention of many within the crypto space.

Also Read: Analyst Breaks Down Why Sui May Hit Solana (SOL) Market Cap, Anticipates “Massive 10x Pump”

A glance at the price action shows that BOME price broke out of a descending channel pattern five days ago. This was followed by a two-day pump of about 40% before the price began to retrace in what appears to be an attempt to retest the broken support.

The price has managed to retest the support at around $0.008500, and this brought in some bullish momentum that pushed the price higher. So far, the support continues to hold, and we expect to see some continued bullish movement or accumulation at the worst.

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