BOOK OF MEME/Tether USDt Market Overview

• BOOK OF MEME/Tether USDt (BOMEUSDT) closed 24-hour trade at $0.002001 after opening at $0.002066.
• Price swung between $0.002001 and $0.002072, showing moderate bearish pressure in final 15 minutes.
• Notional volume reached $476 million, with significant divergence in volume and price in midday.
• RSI approached oversold territory, while MACD showed weakening bullish momentum.
• Volatility expanded during midday pullback, with Bollinger Bands widening after consolidation.

BOOK OF MEME/Tether USDt (BOMEUSDT) opened at $0.002066 on 2025-09-10 at 12:00 ET and closed at $0.002001 by 2025-09-11 12:00 ET. The pair reached a high of $0.002072 and a low of $0.001981. Total volume over the 24-hour window was 544,582,706 USDT, with a notional turnover of approximately $1,093 million.

Structure & Formations

The 15-minute candlestick chart reveals a bearish reversal forming after a midday consolidation phase. A large bearish engulfing pattern appeared at 2025-09-11 12:45 ET, with the close of $0.002010 significantly below the open of $0.002039. This pattern may signal exhaustion of bullish momentum and could mark a key near-term resistance level at $0.002039. Support levels appear to be forming at $0.002015 (psychological) and $0.002003 (recent pivot). A doji at 2025-09-11 09:45 ET also suggests a potential short-term inflection point, as price hesitated before breaking down.

Key levels:

- Resistance 1: $0.002039 (engulfing pattern high)- Support 1: $0.002015 (psychological level)- Support 2: $0.002003 (key pivot)

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs both show downward drifts, indicating sustained bearish bias. Price has closed below both lines for the last five candles, and the 50-SMA is now acting as dynamic resistance. On the daily chart, the 50-period SMA is at $0.002045, while the 200-period SMA sits at $0.002020. Price is currently trading below both, confirming a bearish bias in longer-term sentiment.

Directional signals:

- 15-minute: Below 20/50 SMA → bearish signal.- Daily: Below 50/200 SMA → bearish confirmation.

MACD & RSI

The MACD has turned negative and is forming bearish divergence with price, especially between 2025-09-11 08:00 ET and 14:00 ET. This suggests weakening bullish momentum and could point to a deeper correction in the near term. The RSI has dipped into oversold territory (around 28-30) multiple times, most recently at 2025-09-11 14:00 ET, suggesting possible short-term bouncing. However, repeated oversold readings may not yet be sufficient to confirm a reversal.

Backtest Hypothesis

Given the recent bearish engulfing pattern and divergence in MACD, a potential short-biased strategy could be to enter a sell order below $0.002015 with a stop-loss above $0.002039 and a take-profit at $0.001985. This setup leverages both the RSI oversold bounce and the Fibonacci 61.8% retracement level at $0.001985. A backtest of similar setups on 15-minute charts over the past month would be useful to validate the edge, particularly in volatile altcoins like BOME.