BOME was drifting quietly between $0.000460 and $0.000540 before making a sudden sharp move, spiking all the way up to nearly $0.000900 before reversing almost immediately and pulling back to where it sits now at $0.000594.
$BOME is now sitting just above the $0.000540 – $0.000560 support zone that formed before the spike began. That level needs to hold for price to have any chance of building structure from here rather than sliding back into the lower range it came from.
Holding above $0.000540 – $0.000560 keeps the possibility of another push toward $0.000720 – $0.000800 alive. Losing that floor though puts price back in the pre-move consolidation range and the spike starts to look like a complete fakeout with no follow-through.
The reversal from the highs was nearly as fast as the move up, which is not an encouraging sign. Until price stabilizes and starts holding above $0.000620 – $0.000650 with some consistency, any recovery attempt should be treated with caution rather than assumed as a second leg higher.
#Meme Alpha# #BOME
Crypto#Crypto
