BOOK OF MEME (BOMEUSDT) Market Overview

• Price declined 8.8% over 24 hours to close at 0.002168, hitting a 24-hour low of 0.002079.
• Large-volume sell-off emerged after 19:45 ET with a bearish engulfing pattern and a 4.2% drop.
• RSI (14) hit oversold territory at 22, but price failed to retest the 0.002161 level twice.
• Bollinger Bands widened significantly post-20:00 ET indicating rising volatility.
• Intraday volume surged to $121.8M at 03:15 ET, but price reversed sharply lower soon after.

BOOK OF MEME (BOMEUSDT) opened at 0.002202 on 2025-08-24 and closed at 0.002168 on 2025-08-25, with a high of 0.00249 and a low of 0.002079. Total volume reached 15.47B, with notional turnover at $34.11M over the 24-hour period.

Structure & Formations

A bearish engulfing pattern formed after a sharp 4.2% drop at 19:45 ET, confirming a short-term reversal. The price tested the 0.002161 level twice but failed to close above it, indicating weak bullish conviction. Key support appears to be forming at 0.00216–0.00217, while resistance lies at 0.00222–0.00223, which was previously tested and rejected.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, forming a bearish death cross. The daily 50-period MA is above the 100- and 200-period MAs, suggesting medium-term bearish bias. Price remains below all three daily MAs, reinforcing a weak trend.

MACD & RSI

MACD turned negative after 18:00 ET, confirming bearish momentum. RSI dropped to 22, entering oversold territory, but failed to trigger a meaningful bounce. Divergence between RSI and price indicates exhaustion on the short side may be near, though confirmation is pending.

Bollinger Bands

Bands widened significantly after 20:00 ET as volatility increased, with price dipping below the lower band during the 22:00–23:00 ET session. This indicates a period of high risk but potential for mean reversion.

Volume & Turnover

Volume peaked at 121.8M at 03:15 ET, yet price continued to decline, suggesting dumping pressure. Turnover followed a similar pattern, with a peak of $10.7M at that time. Divergence between volume and price during the 03:00–05:00 ET window indicates selling pressure is not yet exhausted.

Fibonacci Retracements

Applying Fibonacci to the 0.002161–0.00249 swing, the 61.8% level is at 0.002278. Price failed to hold above this level, suggesting further downward bias in the short term. The 38.2% level at 0.002316 may serve as a near-term resistance if price recovers.

In the next 24 hours, BOOK OF MEME may test the 0.00214–0.002161 range as a potential floor, with a risk of breaking it if volume increases and sentiment remains bearish. Investors should remain cautious and watch for volume confirmation on any attempted bounces.