After experiencing a significant increase, the Book of Meme token, BOME, has seen a revival in its price to recover from a recent downturn. Despite challenges faced by the overall crypto market, the meme coin has been impacted, causing a delay in the anticipated bullish trend.

Although interest remains strong, developments suggest a potential resurgence in the upcoming week, with traders awaiting a possible rise above $0.30. Therefore, an analysis of how BOME's price might fare in light of a potential market rebound is warranted.

Analysts note that following a drop from $0.02685, BOME found support at $0.01352, coinciding with the 61.80% Fibonacci level, leading to a current upward movement. This recovery indicates a recovery from the recent pullback.

The last two weeks have seen a 72% increase in BOME's price, signaling a gradual recovery and suggesting further gains in the near future. Additionally, an uptrend has formed a support trendline in the 4-hour chart.

Currently priced at $0.01685, there was a 20% surge in value overnight, indicating a strong bullish momentum. With buyers maintaining dominance above the 50% Fibonacci level and a battle ongoing at the 38.20% level, BOME's price is at a crucial juncture.

Can BOME Price Reach $0.030?

With significant selling pressure affecting top altcoins and Bitcoin, meme coins have also faced challenges. Despite this, the potential for an upside move in BOME's price remains strong. Analysis suggests that the support trendline might help propel the price beyond the previous peak of $0.026, indicating a potential increase of 65%. If the prolonged upward trend continues, reaching the $0.030 milestone could be within reach.