Market Overview for BOOK OF MEME/Tether (BOMEUSDT) – October 3, 2025

• BOOK OF MEME/Tether (BOMEUSDT) saw a volatile 24-hour session, opening at $0.001699 and hitting a high of $0.001778 before closing at $0.001732.
• Momentum shifted from bullish to bearish, with RSI peaking near overbought levels before correcting sharply.
• Volatility expanded during the peak, with price breaking out of a consolidation phase before retreating.
• Trading volume spiked sharply during the afternoon ET, while turnover diverged from price, hinting at possible profit-taking.
• A bearish engulfing pattern formed near the session’s high, signaling potential short-term bearish pressure.

BOOK OF MEME/Tether (BOMEUSDT) opened the 24-hour period at $0.001699 on October 2, 2025, at 12:00 ET, and closed at $0.001732 on October 3, 2025, at the same time. The pair reached a high of $0.001778 and a low of $0.001699. The 24-hour volume totaled approximately 494.4 million, while the total turnover amounted to roughly $867,500. This reflects strong activity and mixed sentiment during the session.

Structure & Formations

The 15-minute chart revealed a key resistance cluster between $0.001763 and $0.001778, where price stalled multiple times and eventually formed a bearish engulfing pattern after reaching the high. A bearish divergence in volume accompanied this move, suggesting profit-taking by short-term traders. On the flip side, support appeared to hold at $0.001745 and $0.001732, with price repeatedly bouncing off these levels. A bullish harami pattern formed near the $0.001732 support, suggesting a potential countertrend opportunity, though it remains unconfirmed.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over twice, signaling potential trend changes. At the close, the 50-period MA was slightly above the 20-period MA, suggesting a bearish bias in the short term. On the daily chart, the 50-period MA remained above the 200-period MA, indicating a longer-term bullish trend, though this is now under pressure after the recent correction. A cross below the 100-period MA on the daily chart would reinforce bearish sentiment.

MACD & RSI

The MACD line on the 15-minute chart showed a bearish crossover early in the session, followed by a strong negative divergence as price hit the high. The histogram confirmed this, shrinking after the peak. RSI reached overbought territory near 70 before sharply correcting to the mid-50s, signaling exhaustion in the bullish momentum. The RSI divergence suggests a potential continuation of the bearish trend, with the possibility of retesting lower support levels in the coming hours.

Bollinger Bands

Price volatility expanded significantly in the afternoon, pushing the Bollinger Bands apart. The high at $0.001778 touched the upper band, a bearish signal as price failed to maintain that level. After the peak, the bands started to contract slightly, indicating a potential consolidation phase. The current price is trading near the lower band on the 15-minute chart, suggesting oversold conditions and a potential bounce. However, the upper band remains a critical resistance level that could hinder a sustained rally.

Volume & Turnover

Volume and turnover spiked between 12:00 and 16:00 ET, peaking at a 15-minute volume of 83.4 million and turnover of $146,000. This occurred during the key break above $0.001760, suggesting strong conviction. However, volume waned significantly after the peak, indicating reduced participation and possible profit-taking. A divergence between volume and price was evident during the final hours of the session, as price declined while volume remained relatively low. This could be an early sign of a lack of follow-through in the bearish move.

Fibonacci Retracements

Fibonacci retracement levels on the 15-minute swing from $0.001699 to $0.001778 identified key levels at 38.2% ($0.001733) and 61.8% ($0.001715). The price retraced to the 38.2% level at $0.001733, where it consolidated before falling further. On the daily chart, the 61.8% retracement from a previous downtrend appears to be providing support at $0.001725. A failure to hold above this level could see a deeper correction toward the $0.001715 target.

Backtest Hypothesis

A potential backtest strategy could involve entering a short position upon confirmation of the bearish engulfing pattern near resistance at $0.001763–$0.001778, with a stop-loss just above the pattern's high and a target aligned with the 38.2% retracement level at $0.001733. A long position could be triggered on a bullish reversal candle near the 61.8% Fibonacci support at $0.001715, with a stop-loss placed just below this level. The RSI divergence and volume behavior suggest that the short trade may have a higher probability of success in the next 24 hours, particularly if the correction continues.