Market Overview for BOOK OF MEME/Tether (BOMEUSDT)

• BOOK OF MEME/Tether (BOMEUSDT) fell 11.4% over the last 24 hours, closing near key support
• Price tested 0.00173–0.00174 cluster twice, with bearish continuation patterns
• RSI and MACD confirmed bearish momentum; volume surged below 0.00175
• Volatility expanded in early ET hours, with Bollinger Bands reflecting heightened distribution
• Downtrend remains intact with potential for further correction toward 0.00167–0.00168

BOOK OF MEME/Tether (BOMEUSDT) opened at $0.001771 on 2025-10-03 at 12:00 ET and closed at $0.001679 on 2025-10-04 at 12:00 ET, with a high of $0.001826 and a low of $0.001673. Total volume for the 24-hour period was 1,751,871,650.0 units, and notional turnover was approximately $2.95 million.

Structure & Formations

Price action on BOMEUSDT was characterized by a bearish breakdown from key resistance levels near $0.00180 and a consolidation into a defined support cluster at $0.00173–0.00174. The price tested this range twice, with bearish continuation patterns like the dark cloud cover and bearish engulfing confirming the downward bias. A notable doji formed around 0.001785 in late ET hours, signaling indecision before the final leg lower. The low at $0.001673 represents the lowest level since the morning of 2025-10-03 and is now the immediate support level.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages have been bearishly aligned throughout the session, with price consistently closing below both. On the daily chart, the 50- and 200-period moving averages are both bearish, and the current close appears to be well below both, suggesting continuation of the downtrend is likely.

MACD & RSI

MACD crossed below the zero line in the afternoon of 2025-10-03 and remained in negative territory, confirming bearish momentum. RSI declined sharply to the 30–35 range, entering oversold territory but failing to generate a bullish reversal, indicating weak conviction in a recovery. A bearish divergence emerged between price and RSI during the final 6 hours, suggesting further downside could materialize.

Bollinger Bands

Bollinger Bands expanded significantly during the afternoon and early evening of 2025-10-03, reflecting heightened volatility and distribution. Price closed near the lower band on 2025-10-04, indicating a potential bounce or continuation of the decline depending on volume dynamics. The recent contraction into the lower band suggests a high probability of a continuation of the bearish move.

Volume & Turnover

Volume spiked significantly after 17:00 ET on 2025-10-03, coinciding with a breakdown to the 0.00176–0.00178 range. The largest single 15-minute volume spike occurred at 17:15 ET (331.66 million units), confirming the breakdown as a significant bearish signal. Turnover also spiked in the late afternoon and remained elevated throughout the session, aligning with price lows. A divergence appears to form in the final hour, with volume declining while price continued to fall, indicating potential exhaustion.

Fibonacci Retracements

On a 15-minute swing from $0.001785 to $0.001826, price retraced to the 61.8% level at $0.001803 before resuming the downtrend. On the larger daily swing from $0.00178 to $0.001797, the 38.2% Fibonacci retracement sits at $0.00176 and the 61.8% at $0.00174, both of which were tested but failed to hold. The current price is near the 78.6% retracement level of the recent high, suggesting a potential short-term bounce is possible but unlikely to reverse the broader trend.

Backtest Hypothesis

A backtesting strategy could leverage the bearish continuation patterns and Fibonacci retracement levels discussed above. A short entry could be triggered upon price breaking below the 0.00176 level with a stop above the 0.00179 level. This would align with both the RSI and MACD bearish signals and the distribution phase indicated by Bollinger Bands. The target for the trade would be the next Fibonacci level at 0.00174 and beyond to 0.00168, based on the recent 15-minute and daily swings. Given the volume confirmation and divergence in the final hours, this setup offers a high probability of success in the next 24–48 hours.