Market Overview for BOOK OF MEME/Tether (BOMEUSDT)

Summary
• BOMEUSDT traded in a 24-hour range of $0.000814 to $0.000882, closing at $0.000839 with bearish momentum in afternoon ET.
• Strong volume expansion in the 4:45–5:00 AM ET session pushed price down 2.9%, indicating bearish control.
• RSI and MACD signal oversold conditions and bearish momentum, with price near 20-period MA on 15-min chart.

BOOK OF MEME/Tether (BOMEUSDT) opened at $0.000880 on 2025-11-13 at 12:00 ET, reached a high of $0.000882, and closed at $0.000839 at 12:00 ET on 2025-11-14. The 24-hour volume was 791.7 million units, while notional turnover totaled approximately $686,000.

Structure & Formations

Price formed a bearish descending triangle structure from $0.000882 to $0.000814, with strong resistance at $0.000882 and support at $0.000814. A long bearish engulfing pattern formed in the 4:45–5:00 AM ET session, signaling a likely continuation of the downtrend. A doji formed near $0.000824, suggesting indecision but failed to reverse the trend.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are below the current price of $0.000839, indicating bearish momentum in the short term. On the daily chart, the 50-period, 100-period, and 200-period moving averages are all above the current price, reinforcing the bearish bias over a longer timeframe.

MACD & RSI

MACD turned negative and crossed below the signal line, confirming bearish momentum. The RSI dropped to 28, indicating oversold conditions, but a rebound may not be immediate given the strong bearish bias.

Bollinger Bands

Volatility expanded significantly during the 4:45–5:00 AM ET session as price broke down below the lower band. Price currently sits near the lower band at $0.000814, indicating heightened bearish pressure.

Volume & Turnover

Volume surged to 268 million in the 4:45–5:00 AM ET session, the largest 15-minute volume in 24 hours. Notional turnover spiked in this session as well, confirming the bearish price action.

Fibonacci Retracements

Applying Fibonacci levels to the key swing high at $0.000882 and low at $0.000814, price is currently near the 78.6% retracement level at $0.000835. A breakdown below $0.000832 would suggest further movement toward the 88.6% level at $0.000820.

Backtest Hypothesis

A potential backtesting strategy for BOMEUSDT would involve entering a short position on a close below the 50-period moving average with a stop loss above the nearest resistance (e.g., $0.000843). A target could be set at the 61.8% Fibonacci retracement at $0.000823. Given the strong bearish momentum in recent sessions, this setup could yield a favorable risk-reward profile over the next 24–48 hours.