As Q3 begins, the cryptocurrency market is gaining momentum, with Ethereum trading near $2,575 and Book of Meme (BOME) forming a notable chart pattern.
Market Overview
Currently, Ethereum (ETH) is trading around $2,575, having increased over 63% in the last 90 days. Solana-based tokens, including BOME, are drawing investor interest.
BOME Pattern and its Parallel to BONK
BOME has shown an increase of over 55% in the last 90 days. An interesting aspect of BOME is the emerging fractal pattern, which closely resembles BONK's recent breakout. BOME has also completed a falling wedge pattern and is currently consolidating near the 50-day and 100-day moving averages.
BOME's Prospects Moving Forward
For the bullish fractal to be confirmed, BOME needs to close decisively above the 50-day moving average. A breakout above this level would clear the path towards its 200-day MA, indicating a potential 57% increase from the current prices.
The cryptocurrency market is showing significant changes, and the pattern of BOME, similar to that of BONK, may present opportunities for growth. However, confidence in breaking through and moving above resistance levels is necessary.
