BOOK OF MEME/Tether Market Overview – October 10, 2025

• BOOK OF MEME/Tether (BOMEUSDT) traded in a volatile range today, with a 0.000067 (4.34%) high-low swing.
• Price surged to $0.001662 before consolidating, with volume peaking during the late New York session.
• RSI approached overbought territory during the rally but remains within 60–80, suggesting moderate momentum.
• Bollinger Bands widened during the 13:30–14:30 ET move, indicating increased volatility and possible breakout attempts.
• Volume and turnover aligned with price highs, suggesting strong conviction in recent upward moves.

BOOK OF MEME/Tether (BOMEUSDT) opened at $0.001594 on October 9 at 12:00 ET and closed at $0.001635 as of 12:00 ET on October 10. The pair touched a high of $0.001662 and a low of $0.001508. Total volume for the 24-hour period was 2.11 billion, and notional turnover amounted to approximately $3.45 million. Price action was marked by a sharp correction from $0.001662 to $0.001543 during the late afternoon, followed by a recovery into early evening trading.

Structure & Formations

The price action formed a bearish and then bullish bias within the 15-minute chart, with notable bearish engulfing patterns during the 15:45–16:00 ET decline and a bullish harami pattern during the 19:45–20:00 ET consolidation. Key support levels were identified at $0.001600 and $0.001550, both of which held during the correction. Resistance levels at $0.001640 and $0.001660 appear to have attracted profit-taking and short-term selling pressure.

Moving Averages

On the 15-minute chart, price has crossed above the 20-period and 50-period moving averages (at ~$0.001610–$0.001625), indicating a short-term bullish bias. The 50-period SMA appears to have acted as a dynamic support line. Over the daily chart, the 50-period MA sits at ~$0.001595 and has been a key level of interest, with price currently trading above it. This suggests a potential continuation of the upward bias but could reverse if the 50-period SMA is retested.

MACD & RSI

The MACD line turned positive during the late evening and early morning rally, confirming the bullish momentum. The histogram widened during the 13:30–14:30 ET rally and then contracted after the 16:00 ET correction, indicating a potential exhaustion of the bullish move. RSI remained in the 60–80 range for most of the session, with a brief overbought signal during the 13:30–14:00 ET period. This suggests that momentum has not been overextended, but traders may want to watch for a potential pullback if RSI dips below 50.

Bollinger Bands

Bollinger Bands expanded during the 13:30–14:30 ET move, indicating heightened volatility. Price traded near the upper band during this time, suggesting strong buying pressure. The bands have since contracted slightly, indicating a potential consolidation phase. If the upper band at $0.001660 is tested again, a break above could signal renewed bullish momentum, while a retest of the lower band at $0.001550 may trigger a rebound.

Volume & Turnover

Volume spiked during the 13:30–14:30 ET and 15:30–16:00 ET periods, with turnover rising in line with price highs. This suggests strong conviction in the upward moves. However, during the 16:00–17:00 ET correction, volume declined, indicating a lack of follow-through buying. The divergence between price and volume during the late afternoon may signal weakening momentum and could foreshadow a consolidation phase.

Fibonacci Retracements

Applying Fibonacci retracements to the 13:30–14:30 ET rally, the 61.8% level at $0.001638 was a key target and held as a consolidation zone. A retest of the 38.2% level at $0.001615 could be a near-term support. On the daily chart, the 50% Fibonacci level at $0.001580 appears to be acting as a psychological support, and a break below this could lead to a retest of the 61.8% level at $0.001550.

Backtest Hypothesis

A potential backtest strategy for BOMEUSDT could involve using a combination of RSI overbought thresholds (e.g., RSI > 70) and a break of the 15-minute 50-period SMA as entry signals. Long positions could be initiated on a close above $0.001640, with stop-loss placed below $0.001620. Alternatively, a short bias could be triggered on a close below the 15-minute 20-period SMA, especially if volume confirms the move. This strategy would benefit from a trailing stop to capture potential swings in a volatile environment like BOMEUSDT. The recent 13:30–14:30 ET move and the consolidation at $0.001635 suggest a possible range-bound scenario, where a breakout or breakdown could be used to confirm the next directional move.