CandleFocus Book of Meme (BOME) Open Interest Hits All-Time High Amid 60% Price Rally
2024-10-15
Author: Content Editor
Book of Meme (BOME) has seen a significant increase in its price and open interest (OI), indicating growing investor interest in the meme coin. The price has surged by 62% in the last seven days, hitting $0.011 for the first time since July. The OI has reached a new all-time high of $161.97 million, suggesting increasing buying pressure and speculative activity in the derivatives market. The volume has also climbed to $659.06 million, the highest since May. With a breakout from a descending triangle pattern and a golden cross of the 20 EMA crossing above the 50 EMA, there is a potential for further upward price momentum for BOME. Traders should monitor the coin closely to see if it can maintain its momentum or if profit-taking could lead to a decline.
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