Market Overview for BOOK OF MEME/Tether (BOMEUSDT) on 2025-10-27

• BOOK OF MEME/Tether (BOMEUSDT) opened at $0.001117 and traded within a tight range of $0.0011 to $0.001141 before closing at $0.0011 at 12:00 ET.
• Price formed a bearish engulfing pattern near the 24-hour high, signaling a potential short-term reversal.
• Volume spiked during the early morning session, but notional turnover remained muted, suggesting a lack of conviction in price action.
• A 61.8% Fibonacci retracement level at $0.001123 appears to offer temporary resistance ahead of the $0.001144 15-minute high.

BOOK OF MEME/Tether (BOMEUSDT) opened at $0.001117 on 2025-10-26 at 12:00 ET and closed at $0.0011 by 12:00 ET on 2025-10-27 after reaching a high of $0.001141 and a low of $0.0011. Total trading volume over the 24-hour period amounted to approximately 599,623,089.0, with notional turnover reflecting a relatively low volume-to-price ratio.

Structure and formations on the 15-minute chart show a clear bearish bias during the final hours of the session. A bearish engulfing pattern emerged around the $0.001136 level, confirming short-term profit-taking pressure. Doji candles appeared in the $0.001115–0.001117 range, indicating indecision near key support levels. The 20-period moving average (20SMA) crossed below the 50SMA in the final candle, signaling a bearish crossover that could reinforce near-term weakness.

The 50-period moving average on the daily chart remains below the 100SMA, with the 200SMA acting as a long-term bearish reference point near $0.001132. Momentum indicators reflect a mixed picture: RSI-14 flattened near 49, suggesting neutral momentum, while the MACD histogram turned negative, with a bearish crossover confirming downward pressure. Volatility expanded briefly near the $0.001141 high but has since contracted, indicating a possible consolidation phase before the next directional move.

Price currently resides below its 20-period Bollinger Band middle line, with the lower band hovering around $0.001105 and the upper band near $0.001144. A contraction in the band width suggests a potential breakout may be imminent. Fibonacci retracement levels show the $0.001123 (61.8%) level as a short-term resistance, while $0.001109 (38.2%) could serve as a critical support area in the near term.

Backtest Hypothesis

The absence of RSI-14 data for BOMEUSDT prevents a full backtest of the requested strategy, but we can propose an alternative using the existing moving average and price action insights. A viable backtest hypothesis would be to test a dual moving average crossover (50EMA and 200SMA) combined with bearish engulfing patterns as entry triggers and a 5% trailing stop loss for risk management. Given the recent bearish signal from the 20/50SMA crossover and the formation of the engulfing pattern at $0.001136, this strategy could align well with the observed price behavior. Testing this hypothesis on historical data with a focus on the 2023–2025 period may offer more clarity if the symbol becomes supported in the database.