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Bitcoin price began to fall early in the day, following our warnings, as expected. Altcoins quickly lost value. This anticipated drop also eased the pressure on Bitcoin prices, which had been stuck in a narrow range. What are the predictions for BOME Coin in April? This relatively new altcoin could make a surprise move before the month ends.
BOME Coin Commentary
Cryptocurrencies did not start April well, and the lack of demand in the ETF channel turned into a selling trend, dampening spirits. We had been discussing how the reaction of the investor profile in the ETF channel during downturns and consolidation periods was eagerly awaited. For now, investors seem timid, and despite being in the halving month, they are not showing the expected interest.
Book of Meme (BOME) price could be an exception here. Despite early signs of a Bitcoin downturn, this altcoin continued its gradual ascent. It is now stronger at $0.016 compared to other altcoins and has increased its gains against BTC by 20%.
The daily RSI remains strong despite the market pullback. An RSI of 70.6 for BOME indicates that buying interest continues robustly, and there are cryptocurrencies that positively diverge even during downturns.
Could BOME Coin Rise?
In addition to the RSI, the ADX indicator is also at a level of 46. This indicates that the trend is strongly upward. When the ADX indicator exceeds 25, it signals to investors that rallies could accelerate, and for BOME, this is much higher. The ADX value rose from 9.8 on March 24 to 46.4 on April 2, showing how market momentum has shifted in favor.
On the technical front, a golden cross formed on the four-hour chart on March 31 is another early signal for a new bull rally. The golden cross, which occurs when short-term moving averages cross above long-term ones, is a technical analysis alert that has historically signaled major news and shifts investor expectations towards a rise.
This upward momentum suggests that BOME could surpass its previous all-time high of $0.0184. If the rally strengthens, new peaks could be seen at $0.02 and beyond. In the opposite scenario, we could see a drop to $0.0118.
