Market Overview for BOOK OF MEME/Tether USDt (BOMEUSDT) - 2025-09-05

• BOMEUSDT experienced a 24-hour range of 0.001834–0.001969 with a 5.2% recovery in the final 15 minutes.
• High momentum seen in late NY session as price broke above key resistance near 0.001937.
• Volatility expanded with a 15-minute high at 0.001969, suggesting potential continuation or reversal.
• Turnover surged sharply after 14:30 ET, signaling strong participation in the upward move.
• 61.8% Fibonacci level at 0.001945 may become a near-term pivot ahead of next resistance at 0.001969.

BOOK OF MEME/Tether USDt (BOMEUSDT) opened at 0.001855 on 2025-09-04 at 12:00 ET and closed at 0.001923 on 2025-09-05 at 12:00 ET, with a high of 0.001969 and a low of 0.001834. Total volume for the 24-hour window was 2,409,405,886.0 and notional turnover was approximately $4,470,119. The pair demonstrated a late-cycle rebound into a key resistance level.

Structure & Formations

The 24-hour candlestick pattern for BOMEUSDT showed a strong recovery from the 0.001834 intraday low, forming a bullish engulfing pattern into the final hour of the day. A key support level was identified near 0.001843–0.001852, where price bounced multiple times. Resistance levels emerged at 0.001865, 0.001875, and 0.001937, with the latter being broken decisively in the final 15-minute candle. A bearish divergence appeared earlier in the session around 18:30–19:30 ET, which failed to materialize into a reversal, suggesting increasing bullish control.

Moving Averages

On the 15-minute chart, price closed above both the 20EMA and 50EMA for the final candle of the session, indicating short-term bullish momentum. On the daily timeframe, the 50DMA and 100DMA appear to be in close proximity, with the 200DMA acting as a strong base of support near 0.001835–0.001845. Price has now closed above all three, suggesting a possible reacceleration in the uptrend.

MACD & RSI

The MACD turned positive during the final 45 minutes of the session, with the histogram expanding as price approached the 0.001937–0.001969 range. RSI rose above 60 in the final hour, indicating growing momentum but not yet overbought territory. However, a short-term overbought condition is likely to be reached if the trend continues. A bearish divergence was observed earlier in the session but was quickly invalidated by the late-day bounce.

Bollinger Bands

Price expanded above the upper Bollinger Band for the first time during the final 15 minutes of the session, indicating a breakout after a period of consolidation. The expansion of the bands during the late-day rally suggests a surge in volatility. The lower band had acted as support around 0.001835–0.001845, where price found a floor earlier in the session.

Volume & Turnover

Volume surged in the final 90 minutes, with the highest volume observed in the 14:30–15:00 ET and 14:15–14:30 ET candles, coinciding with the sharp pullback from the 0.001969 high. Turnover spiked above $5 million during this time, indicating increased buying pressure as the market tested key resistance. No major divergence between price and turnover was observed during the recovery, suggesting strong conviction in the bullish move.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.001834–0.001969 swing, the 38.2% retracement level at 0.001901 and the 61.8% at 0.001945 were both tested during the session. The 0.001945 level was cleared in the final candle, suggesting that the next target may be the 78.6% at 0.001976, though a retest of 0.001945 is likely before a breakout attempt. On the daily chart, the 61.8% retracement level from the earlier swing low (not shown in this dataset) appears to align closely with the 0.001945 level, reinforcing its importance.

Backtest Hypothesis

The late-day recovery and surge in volume suggest that a breakout strategy could be applicable for the next 24 hours. A potential backtest could involve entering long on a close above the 0.001937–0.001945 level with a stop just below 0.001923. A target could be placed at the next Fibonacci level of 0.001976, with a time-based exit after 6–8 hours if the target is not reached. This strategy could be refined by adding a RSI filter (e.g., RSI above 55) to confirm the strength of the move and reduce false signals.