Market Overview for BOOK OF MEME/Tether (BOMEUSDT) — September 20, 2025

• BOOK OF MEME/Tether (BOMEUSDT) ended near the day’s low after a volatile 24-hour session with a high of 0.002051 and low of 0.00199.
• Price action showed strong bearish pressure late in the day with a breakdown below key support levels.
• On-balance volume and turnover aligned with downward momentum, confirming bearish bias.
• RSI and MACD indicated overbought and bearish divergence in the morning before the price reversed.
• Volatility expanded in the afternoon, reflected in Bollinger Band expansion and multiple breakouts.

BOOK OF MEME/Tether (BOMEUSDT) opened at 0.00203 on 12:00 ET−1 and closed at 0.002008 by 12:00 ET. The pair touched a high of 0.002051 and a low of 0.00199 during the 24-hour period. Total volume was 491,163,780.0, and notional turnover stood at approximately $990,000. The session showed increased bearish bias, especially after 19:00 ET.

Structure & Formations

The 15-minute chart displayed a key support cluster around 0.002005–0.002002 and a resistance area near 0.002025–0.002035. A significant bearish reversal pattern formed at 0.002025–0.002022 after a morning rally, with a bearish engulfing pattern confirming the breakdown. A doji appeared at 0.002033, suggesting indecision and possible reversal. Price consolidated between 0.00201–0.00203 before a late breakdown below key support.

Moving Averages

The 15-minute 20SMA and 50SMA were closely aligned around 0.002028–0.002025 during the midday rally, but both lines were later crossed below as bearish momentum intensified. On the daily chart, the 50DMA and 200DMA were converging around 0.002015–0.002020, with price testing the 50DMA before closing below it, suggesting further downward pressure could follow.

MACD & RSI

MACD turned bearish in the afternoon, with the fast line crossing below the signal line and forming a bearish divergence with price. RSI, which briefly spiked to overbought levels (62–65) in the morning, later collapsed to 35–40, signaling oversold conditions. While RSI is not in extreme oversold territory, the decline in RSI alongside price suggests bearish momentum is intact.

Bollinger Bands

Volatility expanded in the afternoon, with Bollinger Bands widening significantly. Price spent much of the session inside the bands but broke out briefly to the high of 0.002051. The late breakdown below the lower band confirmed bearish momentum. A contraction phase occurred in the early hours, followed by a sharp expansion aligning with increased volume.

Volume & Turnover

Volume spiked in the afternoon (14:00–16:00 ET) during the breakdown phase, with a total of 55 million traded in the 15:15–15:45 ET period. Notional turnover confirmed the breakdown, with a surge in dollar volume as price dropped below 0.00201. However, volume in the final hour remained moderate, suggesting exhaustion in the bearish move. A divergence in volume relative to price could hint at a potential rebound or consolidation.

Fibonacci Retracements

Key Fibonacci levels were tested on the 15-minute chart, with the 0.002035–0.002010 swing showing a 61.8% retracement at 0.002022, which was briefly held but later broken. On the daily chart, the 61.8% retracement of the previous week’s range aligned with 0.002015–0.002010, where price tested but failed to hold. The 38.2% level at 0.002030 acted as resistance earlier in the day.

Backtest Hypothesis

A potential backtest strategy could target the breakdown of the 0.002025–0.002022 level, using a stop just above 0.002030. If confirmed, a short trade could target 0.002000–0.001990, with a stop-loss above 0.002035. Given the RSI divergence and bearish MACD, this setup has favorable risk/reward. A similar setup could be tested on previous breakdowns and consolidations, especially in high-volume 15-minute windows.