BOOK OF MEME/Tether (BOMEUSDT) Market Overview: 24-Hour Summary as of 2025-09-25

• Price declined from 0.001730 to 0.001628 on 24-hour chart, forming bearish trend.
• RSI dropped below 30, suggesting potential oversold conditions.
• Volatility expanded, with Bollinger Bands widening after a contraction.
• Key support tested at 0.001630–0.001640; resistance at 0.001660–0.001670.
• Volume spiked during 12:00–15:00 ET, with price diverging from turnover.

BOOK OF MEME/Tether (BOMEUSDT) opened at 0.001730 on 2025-09-24 at 12:00 ET and closed at 0.001628 on 2025-09-25 at 12:00 ET, with a high of 0.001731 and a low of 0.001594. Total traded volume was 1.000741061e+09, and notional turnover reached $162,555,780 (assuming $1 = 1 USDT).

Structure & Formations

The price has been in a consistent bearish phase, with a breakdown below key psychological levels. A strong bearish engulfing pattern appeared on the 15-minute chart during the early morning session, confirming a shift in sentiment. A doji near 0.001640 during the afternoon suggests short-term indecision. The main support levels are at 0.001630–0.001640 and 0.001620–0.001625, with a critical psychological level at 0.001600 being approached. A break below 0.001600 could trigger a deeper correction.

Moving Averages

On the 15-minute chart, the price remains below both the 20-period and 50-period moving averages, indicating bearish momentum. The 50-period line is at 0.001650 and acting as a dynamic resistance. On the daily chart, the price is below the 50-, 100-, and 200-period MAs, suggesting that the intermediate-term bear trend remains intact. A recovery above the 20-period MA would be a necessary condition for short-term optimism.

MACD & RSI

MACD is in negative territory with a bearish crossover, confirming downward momentum. The RSI has dropped below 30, signaling potential oversold conditions. However, a sustained close above 0.001640 could bring RSI back into neutral territory. The divergence between price and RSI during the 09:00–12:00 ET session suggests that further selling pressure may be waning.

Bollinger Bands

Bollinger Bands have expanded significantly, reflecting heightened volatility. The price has been trading near the lower band for most of the day, which is a bearish sign. A move above the middle band would be a strong signal that the short-term trend could reverse. The recent expansion in the bands may indicate that the market is preparing for a larger move either way, and traders should monitor for a consolidation phase.

Volume & Turnover

Volume has been unevenly distributed, with a spike in activity during the 12:00–15:00 ET window. Turnover also surged, but price failed to follow through, suggesting potential exhaustion in the short sellers. The divergence between volume and price during the 15:00–18:00 ET session indicates a weakening bearish thesis. Traders should watch for a follow-through volume surge if the price breaks above 0.001640.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent swing from 0.001731 to 0.001594, the 61.8% level is at approximately 0.001638, which coincides with current price consolidation. A break below 0.001620 would align with the 38.2% level, suggesting further downside potential. On the daily chart, the 50% retracement level is near 0.001600, which could act as a key battleground.

Backtest Hypothesis

The backtest strategy described involves entering a short position when the price breaks below a 50-period moving average on the 15-minute chart, with a stop-loss at the recent high and a take-profit at the next Fibonacci level. This strategy would have captured today’s bearish move, as the price broke below the MA and continued lower. However, the recent RSI divergence and volume profile suggest that a continuation may not be guaranteed. A modified version of this strategy could include a filter for RSI < 40 to confirm bearish momentum, improving signal quality.