The daily Relative Strength Index (RSI) resting at 70.69 indicates that BOOK OF MEME has moved into the overbought zone. This shows strong buying momentum, and the price is pushed higher. However, when the value is higher, it likely increases the chance of a short-term pullback.
Moreover, BOME’s Bull Bear Power (BBP) reading at 0.000051 suggests very weak bullish pressure. As the value is extremely close to zero, the buyers have an edge, and the overall momentum is minimal, with a consolidating market. If the value rises, it signals a growing uptrend