BOMEUSDT Market Overview – October 3, 2025

• Price action shows a morning rally and late afternoon consolidation.• Volatility expanded mid-day before narrowing in the final hours.• Volume surged during the 18:00–19:00 ET rally before tapering.• RSI indicates overbought conditions late in the day.• Price failed to break above a key 0.001778 resistance level.

BOOK OF MEME/Tether (BOMEUSDT) opened at $0.001699 on October 2, 2025 (12:00 ET), reached a high of $0.001790 by 16:00 ET, and closed at $0.001789 on October 3 at 12:00 ET. The price traded between $0.001699 and $0.001790 over 24 hours, with total volume of 1,243,666,213.0 units and a notional turnover of $2,185.40.

Structure & Formations

The candlestick pattern suggests a bullish morning rally followed by a bearish afternoon correction and a final bullish reversal into the evening and overnight. A strong bullish engulfing pattern emerged during the 18:00–19:00 ET session, signaling a potential shift in momentum. A key resistance level appears at $0.001778, where price stalled and reversed. A potential support zone formed between $0.001750 and $0.001745, which held during multiple corrections.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed mid-day, confirming a bullish crossover. Price spent much of the session above the 50-period line, suggesting short-term bullish momentum. On the daily chart, the 50-period SMA is currently just below $0.001765, indicating a neutral to slightly bullish bias for the near term.

MACD & RSI

MACD crossed above the signal line early in the session, reinforcing the bullish momentum. The histogram peaked during the 18:00–19:00 ET rally, indicating strong accumulation. RSI reached overbought levels (above 70) during the late-day rally, suggesting a potential pullback could be due. However, RSI has not yet shown signs of exhaustion.

Bollinger Bands

Volatility expanded significantly during the morning and early afternoon as price moved between the upper and middle bands. The band width narrowed during the overnight session, suggesting a possible consolidation phase. Price closed near the upper band, indicating continued bullish momentum.

Volume & Turnover

Volume surged during the 18:00–19:00 ET rally, confirming the bullish breakout above $0.001778. Turnover also spiked during this period, aligning with price action. Overnight volume tapered off, though it remained above the average level for the session. No significant divergence between price and volume was observed, suggesting the rally is supported by strong buyer conviction.

Fibonacci Retracements

Key Fibonacci levels from the recent swing low at $0.00172 to the high at $0.001790 suggest that the 61.8% level ($0.001766) acted as a support and was later retested. The 78.6% retrace level ($0.001759) also saw price consolidation during the overnight hours. These levels appear to be key inflection points for near-term price direction.

Backtest Hypothesis

Based on the observed structure, a potential backtest strategy could involve entering long positions on a bullish breakout above the $0.001778 resistance level, confirmed by a closing candle above that level and a volume spike. A stop-loss could be placed just below the 61.8% Fibonacci level ($0.001759), with a take-profit target aligned with the next key resistance above $0.001790. This approach would capture the short-term bullish momentum while managing downside risk, especially in a market showing strong buyer conviction during the breakout.