Market Overview for BOOK OF MEME/Tether (BOMEUSDT) – 2025-09-18

• BOOK OF MEME/Tether (BOMEUSDT) closed near session highs with positive momentum, showing 24-hour volume of 1.83B and $3,783,371 turnover.
• Strong bullish bias with a 0.002132–0.002171 range suggesting consolidation ahead of a potential breakout.
• RSI and MACD indicate growing momentum, while volume remains aligned with price action.
• Key support near 0.00212 and resistance at 0.002176 could dictate short-term direction.
• Volatility expanded after 18:00 ET, suggesting heightened interest and speculative activity.

The BOOK OF MEME/Tether (BOMEUSDT) pair opened at 0.00202 on 2025-09-17 at 12:00 ET and closed at 0.002129 on 2025-09-18 at 12:00 ET, hitting a high of 0.002171 and a low of 0.002012. Total volume over the 24-hour window was 1,830,110,624 with a notional turnover of $3,783,371.

Structure & Formations

Price action over the 24-hour period revealed a strong bullish bias after breaking above a prior resistance at 0.00214. A bullish engulfing pattern formed at 19:30 ET and confirmed a shift in sentiment. A doji near 0.002144 at 00:45 ET signaled a short-term pause in the upward move. Key support levels to watch include 0.00212 (tested at 02:30 ET and 05:15 ET) and 0.002105 (tested at 06:15 ET). A critical resistance level at 0.002176 appears to be forming as a psychological ceiling.

Moving Averages

On the 15-minute chart, price has remained above both the 20-period (0.002112) and 50-period (0.002117) SMAs, suggesting bullish momentum. On the daily chart, the 50-period (0.002115) and 200-period (0.002108) SMAs are closely aligned, with price trading slightly above both, which is a positive sign for further upward movement.

MACD & RSI

The MACD crossed above the signal line at 19:15 ET and remained in positive territory, suggesting ongoing bullish momentum. RSI rose above 50 and reached 61.2 at the close, indicating strength but not yet overbought conditions. A close above 65 could signal a continuation of the trend.

Bollinger Bands

Volatility expanded significantly after 18:00 ET, with the upper band reaching 0.002185 and the lower band at 0.002125. Price closed near the upper band, indicating a possible overextension, though the widening bands suggest a continuation of the current move is likely.

Volume & Turnover

Volume spiked to 116.9M at 19:15 ET and remained elevated throughout the late afternoon, confirming the upward move. Turnover reached a peak of $2.83M at the same time. No major divergences between volume and price were observed, suggesting strong alignment in market sentiment.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.002012 to 0.002171, key levels at 0.002107 (38.2%) and 0.002157 (61.8%) were closely tested. On the daily chart, retracement levels from the recent low at 0.002105 suggest 0.00213 (38.2%) and 0.00217 (61.8%) as potential continuation levels.

Backtest Hypothesis

Given the recent bullish momentum and the alignment between MACD, RSI, and price action, a backtesting strategy based on a breakout above 0.00215 with confirmation from volume and RSI above 50 could yield high-probability entries. A stop-loss below 0.00212 would protect against a potential reversal. The strategy may perform best in a low-volatility environment, where the trend is more likely to persist without excessive noise from market fluctuations.