Market Overview for BOOK OF MEME/Tether (BOMEUSDT)

Summary
• Price action formed a bearish breakdown from 0.000697 to 0.000671 over 24 hours.
• RSI indicates oversold conditions, while MACD remains negative.
• Volatility expanded, with volume spiking to over 56 million at the close.
• Bollinger Bands widened, confirming increased price dislocation.
• No strong reversal patterns emerged, suggesting continued bearish pressure.

The BOOK OF MEME/Tether (BOMEUSDT) pair opened at 0.000699 on 2026-01-12 at 12:00 ET, reached a high of 0.000701, a low of 0.00067, and closed at 0.00067 at 12:00 ET on 2026-01-13. Total volume was 561,134,150, while turnover was approximately $38.47 million, indicating heightened trading activity.

Structure & Formations

Price action displayed a gradual bearish trend, with key resistance levels at 0.000695 and 0.000697 failing to hold. The price settled at 0.000671, with no bullish reversal patterns such as hammers or bullish engulfing visible in the 5-minute chart. Support appears to have temporarily held at the 0.000670 level.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages remained bearish, with the price trading consistently below both. On the daily chart, the 50-period MA is likely below the 200-period MA, indicating a longer-term bearish bias.

MACD & RSI

The MACD remained in negative territory, with a bearish crossover in place. The RSI fell below 30, signaling oversold conditions, though this may not necessarily trigger a rebound without a bullish MACD crossover or volume confirmation.

Bollinger Bands

Bollinger Bands expanded significantly during the session, with the price trading near the lower band during the final hours. This suggests increased volatility and bearish continuation pressure rather than a potential reversal.

Volume & Turnover

Volume surged sharply in the last 45 minutes of the window, with over 56 million contracts traded on the final candle alone. The increased volume aligned with the price decline, confirming bearish momentum rather than signaling a divergence.

Fibonacci Retracements

Fibonacci levels drawn from the high of 0.000701 to the low of 0.000670 indicate a 38.2% retracement around 0.000686 and 61.8% at 0.000677. Price briefly tested 0.000686 but failed to hold, suggesting bearish continuation toward 0.000670 in the short term.

Looking ahead, BOOK OF MEME/Tether may test 0.000670 as a potential support level over the next 24 hours. Investors should monitor for any volume-driven break above 0.000677 for a potential short-term bounce, though the overall bias remains bearish. As always, volatility and sudden liquidity shifts remain key risks in this market.