Memecoins
MOG and BOME Coins Continue Fearless Bull Run Despite Market Pullback
Ignoring the bearish noise related to the recent Bitcoin price correction, meme coins, MOG and Book of MEME (BOME), are maintaining a bullish trend. With a breakout and reversal pattern, meme coins are hinting at a continuation of the trend this week.
Moreover, with a potential market recovery, MOG coin and Book of Meme could be the spearhead of the next wave. So, let’s take a closer look at the price charts of MOG and BOME to get a clearer view.
MOG Coin Bull Cycle Aims for 25% Extension
The bullish dominance of the 50D EMA propelled the price of MOG with a surge in demand, resulting in two consecutive green candles. Rising with the surprising volumes as Bitcoin corrects, the meme coin is up 22% in 48 hours.
As the long-standing resistance line approaches, the bullish recovery will challenge the 1.618 Fibonacci level at $0.000002162. Moreover, the price surge hints at a reversal of the rounding bottom with a neckline near the $0.000000235 level.
The daily RSI line shows an increase from the midline to a crossover above the 14-day moving average. Meanwhile, the 50D EMA continues to provide dynamic support to the MOG coin. A bullish breakout of the trendline propels the meme coin to a new all-time high at $0.0000030.
Breakout Opens 100% Upside for This Meme Coin
After completing its long-term correction phase under the influence of the trendline of a descending triangle, BOME is making a comeback. With a bullish increase of 15.50%, breaking above the supply line and the 50D EMA overnight.
Additionally, BOME price action hints at a triple white soldier pattern upon the breakout. Currently, the meme coin is trading at $0.0105 as it reclaims the psychological mark; the bull run is likely to accelerate this week.
According to the trend-based Fibonacci levels, the BOME price could surge to $0.01824 or $0.020. Thus, with the potential to surge by up to 100% this week, the Book of Meme could be the spearhead of the next wave of recovery in the cryptocurrency market.