Join Our Telegram channel to stay up to date on breaking news coverage
The Book of Meme price plunged 8% in the past 24 hours to trade for $0.01165 as of 01:34 a.m. EST on trading volume that plummeted 25%.
BOME is not the only meme coin in the red as the bloodbath extends across the sector. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are all posting nearly 5% in losses. It comes after the Bitcoin price slipped below the $66,000 level. The only meme coins that are pumping right now are PORK, MANEKI, and ELON.
Today’s meme coin bubbles 🫧$PORK +9.9% 🟢@PorkCoinETH pic.twitter.com/dK0VW6LO2A
— vbart (@vbart_eth) May 17, 2024
Book Of Meme Price Prediction
Based on the one-day chart below for the BOME/USD trading pair, the Book of Meme price is confronting resistance due to the 78.6% Fibonacci level of $0.01186. This level has kept the BOME price stunted since April.
A stable move and close above the aforementioned level, therefore, would entice more buy orders. The ensuing buying pressure could see the Book of Meme price foray into the Fibonacci Golden Zone, which extends from the 61.8% Fibonacci retracement level of $0.01544 to the 38.2% Fibonacci retracement level of $0.02047.
In the Fibonacci golden zone, traders look for potential reversals or continuation of trends based on the price action within this range. When the price crosses above the 38.2% retracement level, it could indicate a strong area of support. Below the 61.8% retracement level, is an area of strong resistance based on the historical price movements.
The Relative Strength Index (RSI) continues to record higher lows, pointing to growing bullish momentum and therefore sentiment. The green histograms of the Moving Average Convergence Divergence (MACD) reinforce this outlook. Moreover, the MACD is moving above the orange band of the signal line, accentuating the bullish thesis.
Traders looking to take long positions on BOME should wait for the Book of Meme price to close above $0.01186. However, it may be safer not to be overly ambitious. Take profits for the conservative traders would be better placed just below the critical 61.8% Fibonacci retracement level of $0.01544.
GeckoTerminal: BOME/USD 1-day chart
Converse Case
If the 78.6% Fibonacci retracement level of $0.01186 holds as resistance, the Book of Meme price could retract. A slip below the 7-day Smooth Moving Average (SMMA) at $0.01098 would set the BOME price on a cliff, poised to roll over to the range low of $0.00730.
For this reason, traders looking to take short positions on BOME may consider waiting for a breakdown below the aforementioned moving average.
Meanwhile, new meme coin WienerAI (WAI) has just soared past $2 million in funds raised in its ICO. 99Bitcoins, a prominent crypto YouTube channel with more than 700,000 subscribers, believes that $WAI might have the potential to explode 100X after launch.
Promising Alternative To The Book Of Meme
WienerAI cleverly integrates two of the hottest niches in the crypto world: meme coins and AI.
On the meme coin side of that combination, WienerAI combines a dachshund’s dog faithfulness with a playful nod to delicious sausages, providing more laughs than your bog standard AI coin and more utility than most meme coins.
For AI, the project recently added a trading bot to its platform, which has user-friendly AI-enhanced trading, seamless swap functionality, and zero fees. As a WAI token holder, you have access to the project’s predictive technology, a simple yet comprehensive interface, and endless functionality. You can get ahead of the game with WienerAI’s trading bot, giving you an advantage over other traders
Altogether, the ground breaking meme token and trading bot merges the worlds of artificial intelligence (AI), canine loyalty, and crypto trading–into a singular global movement.
WienerAI is more than a trading bot
It’s your AI trading companion!
More details coming SOON! pic.twitter.com/HG5C0tE6Rk
— WienerAI (@WienerDogAI) May 14, 2024
WAI aims to emulate and then surpass the success of other top dog-themed meme coins like Dogecoin or Shiba Inu. It’s in some ways similar to the AI meme coin Scotty the AI ($SCOTTY), which snared more than $10 million in its ICO earlier this year.
Don’t keep your dog on a leash.
LET IT FLY 🚀 pic.twitter.com/ofLP1CxPxT
— WienerAI (@WienerDogAI) April 28, 2024
Buy And Stake WienerAI
Investors have a chance to stake $WAI for an impressive 493% annual percentage yield (APY). The development team has set aside 20% of the 69 billion token supply for staking rewards. So far, over 2.098 billion WAI tokens have been staked.
Let us do the heavy lifting.
You just chilllllll 🌭🌭🛋️
Staking Rewards Currently At 941% pic.twitter.com/uTq71ylxTF
— WienerAI (@WienerDogAI) May 4, 2024
The WAI token is currently selling for $0.000707. A price hike is imminent so buy now if you are interested.
Visit and buy WienerAI tokens here.
Also Read:
Smog (SMOG) – Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards – 42% APY
- 10% OTC Discount – smogtoken.com
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
