1 month ago
31
The post Meme Coins MOG & BOME Continue Fearless Bull Run Amid Market Pullback appeared first on Coinpedia Fintech News
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. With a breakout and reversal trend, the meme coins tease a trend continue in this week.
Further, with a potential market recovery, MOG coin and Book of Meme could spearhead the next wave. So, let’s take a closer look at the price charts of MOG and BOME for a clearer view.
MOG Coin Bull Cycle Eyes 25% Extended Run
The bullish dominance at the 50D EMA propelled the MOG price with a demand surge, resulting in two consecutive green candles. Rising with the surprising volumes as Bitcoin corrects, the meme coin has increased by 22% within 48 hours.
Approaching the long-coming resistance trendline, the bullish revival will challenge the 1.618 Fibonacci level at $0.000002162. Furthermore, the price jump teases a rounding bottom reversal with a neckline near the $0.000000235 level.
The daily 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 coin. A bullish breakout of the trendline pumps the meme coin for a new all-time high at $0.0000030.
Breakout Opens Up 100% Upside For This Meme Coin
Ending the long-term correction phase under the influence of a descending triangle’s trendline, BOME makes a comeback. With a 15.50% bullish surge surpassing the supply line and the 50D EMA overnight.
Further, 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 will likely 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.
English (US) ·