BOOK OF MEME/Tether (BOMEUSDT) Market Overview: 2025-10-12

• Price surged from 0.001002 to 0.001162 in 24 hours amid heavy buying pressure.
• 15-minute chart showed multiple bullish engulfing patterns post-dip.
• Volatility spiked as price broke above 0.00108, with high turnover in late ET.
• RSI reached overbought territory, but volume confirmed bullish momentum.
• Bollinger Bands showed significant expansion during the afternoon rally.

BOOK OF MEME/Tether (BOMEUSDT) opened at 0.001002 on 2025-10-11 at 12:00 ET and closed at 0.001162 at 12:00 ET on 2025-10-12. The 24-hour high was 0.001170, and the low was 0.000966. Total trading volume was 688,893,645.0 and total turnover amounted to approximately 755,994.77 USDT.

Structure & Formations

Price found support in the 0.00099–0.001005 range and rebounded with a strong bearish breakdown in the early hours followed by a powerful reversal. Notable bullish engulfing patterns appeared during the late afternoon to early evening, signaling a potential shift in sentiment. A long lower shadow at 0.001017–0.001025 suggested buyers regained control after a dip. A doji formed at 0.00103–0.001033, indicating indecision in a critical consolidation phase.

Moving Averages

On the 15-minute chart, the 20-EMA crossed above the 50-EMA in the late afternoon, confirming a bullish bias. The 50-EMA acted as a dynamic support level between 0.001005–0.001015. On the daily chart, the 200-EMA was well below current price action, reinforcing a long-term bullish trend. Price tested the 100-EMA at 0.001036 and rebounded with volume, indicating strong buyer interest.

MACD & RSI

MACD turned positive after 18:00 ET with a clear histogram expansion, supporting the bullish momentum. RSI crossed into overbought territory in the final hours, peaking at 72, suggesting potential near-term volatility or a pullback. However, the sharp rise in volume alongside the RSI peak indicated strong conviction in the move higher.

Bollinger Bands

Bollinger Bands expanded significantly during the afternoon as price surged from the lower band at 0.001031 to near the upper band at 0.001159. This expansion indicated heightened volatility and a potential continuation of the bullish trend. Price traded above the upper band during the late ET hours, suggesting overextended sentiment and a potential reversal or consolidation phase.

Volume & Turnover

Volume surged during the rally from 0.001005 to 0.001162, with the largest spikes occurring in the 14:30–15:00 ET and 15:00–15:15 ET intervals. Turnover also spiked in these periods, confirming the price action rather than contradicting it. The late-ET volume spike of 610.97 million (0.001057–0.001112) and 268.48 million (0.001113–0.001136) were particularly notable and aligned with strong price moves. No significant divergence was observed between volume and price.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from 0.001002 to 0.001068, the 38.2% (0.001033) and 61.8% (0.001058) levels acted as resistance and support, respectively. Price held above 0.001058 during the afternoon and pushed past it with volume, suggesting a move toward 0.001080 (extension level) is possible. On the daily chart, the 0.001042–0.001162 swing saw 61.8% at 0.001124, where price may test next.

Backtest Hypothesis

The observed bullish engulfing patterns, volume confirmation, and strong MACD divergence suggest a viable backtesting strategy. A potential rule-based approach might involve entering long on a bullish engulfing pattern with volume above 50 million, targeting a 3–4% move in the direction of the pattern. Stop-loss could be placed below the pattern’s low. Given the current momentum and RSI overbought condition, trailing stops may enhance risk-adjusted returns. This aligns with the observed late ET rally and could be backtested on historical 15-minute data to refine entry and exit rules.