Market Overview for BOOK OF MEME/Rupiah

Summary
• Price action remains flat with no significant directional momentum in the 24-hour period.
• A single volume spike occurred in the 23:00 ET timeframe, with no sustained price reaction.
• A bullish candle formed at the close, breaking the prior consolidation with a 9.7–9.8 range expansion.

BOOK OF MEME/Rupiah (BOMEIDR) opened at 9.6 on 2025-12-25 at 12:00 ET and closed at 9.7 on 2025-12-26 at 12:00 ET, with a high of 9.8 and low of 9.6 over the 24-hour window. Total volume traded was 20,833.0 tokens, with a notional turnover of 199,996.8 Rupiah.

Structure & Formations

Price action remained within a narrow 9.6–9.8 range for most of the 24-hour window, with little sign of directional bias. A bullish candle formed at 11:30 ET on 2025-12-26, indicating a potential rejection of prior lows. However, the candle lacked upper wicks and volume, suggesting cautious optimism rather than strong conviction.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages closely aligned with the flat price structure, indicating no divergence. The 50-period MA on the daily chart sits at a critical level, potentially offering a pivot point for future trend direction.

MACD & RSI

MACD remained flat throughout the session, with no clear divergence or convergence. RSI hovered around neutral territory, with a brief dip into oversold territory at 11:30 ET. The close saw a marginal upward tick, but the momentum remains weak.

Bollinger Bands

Price remained compressed within the Bollinger Bands for the majority of the 24-hour window, with a slight expansion in the final 30 minutes. The close near the upper band suggests a potential short-term bounce, but with no volume confirmation.

Volume & Turnover

The only significant volume spike occurred at 23:00 ET, with no subsequent follow-through. The final candle at 11:30 ET showed no volume despite a bullish price move, suggesting limited participation. The overall notional turnover remains low, indicating minimal institutional or large-scale interest.

Fibonacci Retracements

Applying Fibonacci to the key swing from 9.6 to 9.8, the 38.2% retrace level is at 9.72 and the 61.8% retrace level is at 9.66. The final close at 9.7 sits just above the 38.2% level, which may offer early support for a potential test of the 61.8% level.

Looking ahead, BOMEIDR may test key Fibonacci levels over the next 24 hours, with a break above 9.8 offering early confirmation of a short-term bullish tilt. Investors should remain cautious, as volume and momentum indicators suggest limited conviction at this stage.