BOOK OF MEME/Tether Market Overview (BOMEUSDT): Volatility, Momentum, and Fibonacci Relevance

• Price declined from 0.001146 to 0.001044 in 24 hours, showing bearish momentum with oversold RSI.
• Volatility surged with a 61.8% Fibonacci retest as price approached 0.001044, suggesting potential near-term support.
• MACD crossover and declining volume suggest weakening sell pressure, but resistance remains at 0.001065.
• Bollinger Bands contraction early in the session hinted at consolidation before the sharp decline.
• Turnover reached $1.8B as prices dropped 9.3%, indicating strong selling conviction despite diverging volume.

BOOK OF MEME/Tether (BOMEUSDT) opened at 0.001138 on October 21, 2025, at 12:00 ET, reached a high of 0.001146, and closed at 0.001044 by the same time on October 22, 2025. The total trading volume for the 24-hour period was approximately 1.06 billion tokens, with a notional turnover of $1.09 billion. The price action reflected a sharp bearish shift, especially between 20:30–21:45 ET, as volume surged and prices fell to 0.001044, aligning with a 61.8% Fibonacci retracement level.

Over the last 24 hours, the price of BOMEUSDT moved in a bearish direction, with the 15-minute chart showing a breakdown below key support levels. The 20-period and 50-period moving averages on the 15-minute chart both sloped downward, confirming the bearish bias. On the daily chart, the 50-period MA is below the 100-period and 200-period MAs, suggesting intermediate-term bearishness. A key 15-minute bearish engulfing pattern was observed near 22:30 ET, reinforcing the breakdown and signaling potential for further decline.

RSI dropped below 30 in the last 15 minutes of the session, indicating oversold conditions, while MACD showed a bearish crossover with a negative histogram. Bollinger Bands contracted briefly before the price drop, signaling a potential breakout lower, which materialized as the price fell toward 0.001044, touching the lower band. Volume increased significantly during the selloff, especially between 20:30–21:45 ET, suggesting strong selling conviction. Turnover, however, appeared to lag during the initial phases of the decline, hinting at a potential divergence between volume and price movement.

Looking ahead, the 24-hour time frame may see a test of the 0.001036–0.001042 range for support, particularly if buying interest emerges from the oversold RSI condition. A rebound above 0.001065 would indicate short-term bullish momentum, but bearish continuation is likely without a strong reversal pattern. Traders should also monitor the 50-period moving average on the 15-minute chart for potential reentry or reversal signals.

Backtest Hypothesis
To evaluate the potential for a bearish continuation in BOMEUSDT, a backtest using the “MACD Death Cross” event can provide valuable insight. A MACD Death Cross occurs when the MACD line crosses below the signal line, typically after a period of bullish momentum. For this backtest, we would use the standard MACD parameters (12-, 26-, 9-period EMA) and apply them to the 15-minute OHLCV data of BOMEUSDT from 2022-01-01 to 2025-10-22. The goal would be to test the average performance of a short position initiated upon a confirmed Death Cross, with a stop-loss at the 61.8% Fibonacci level and a take-profit at 0.001096. Given the recent sharp decline and oversold RSI, this hypothesis could help quantify the risk-reward profile for short-term bearish strategies.