Analysis of BOOK OF MEME (BOME) Price Rally

The cryptocurrency markets are heading towards the weekend trade, anticipating increased volatility. Memecoins are gaining momentum, with the BOOK OF MEME (BOME) price showing a strong ascending trend following the Pepe price surge. Recently, BOME witnessed a 15% surge, indicating a bullish momentum. This uptrend is expected to continue over the weekend and kickstart the new week on a positive note.

Initially, the memecoin rally was led by the PEPE price, but as trading progressed, BOOK OF MEME price surpassed major tokens, signaling its strength. While the markets consolidate and some altcoins follow suit, BOME price, along with other memecoins, is experiencing a significant upward movement. However, to solidify this trend, the price needs to surpass a critical resistance level to overcome bearish pressure.

Since its inception a few weeks ago, BOME price struggled to establish a strong upward trend. Despite maintaining a consolidated uptrend, the price failed to breach the crucial resistance at $0.015, leading to a rebound towards the support zone below $0.009. This rebound suggests a resurgence of bullish momentum, potentially pushing the price levels higher.

The RSI levels rebounding and a decline in selling pressure, as indicated by MACD, support the bullish stance. Furthermore, an imminent bullish crossover in MACD signals a potential upward movement in the BOOK OF MEME (BOME) price in the coming hours. This anticipated move could propel BOME towards local highs above $0.018, aiming for the $0.02 milestone.