Memecoins Showing Strength This Crypto Blood Bath—BOME & SHIB Prices Rebound
After recording a bearish weekend, the bearish impact on the cryptocurrency market has escalated. The S&P 500 index has dropped significantly, The crypto market has also been cutconsumed more than $200 billion. Major tokens like Bitcoin, Ethereum, and Solana face a huge callback that forms a fresh bottom. As these prices continue to flash bearish signals, Memecoins begins to rebound with the prices of Shiba INU (Shib) (Shib) and Meme (Bome) (BOME). This is expected before the end of each month.
Shiba INU (SHIB) price analysis
Within the price Trying to verify the rebound before reaching a February low has sparked bullish momentum. The Bulls provided great support as pressure piled up from the bottom. So it is now believed that Shibu price has recovered key support resistance at $0.000015, which could return to the strong recovery rate of the upper target.
Shib price has rebounded but continues to trade within the downward wedge, forming a constant lower high and low. However, the price seems to have reached the edge of integration, and a good rise in resistance that collided with key obstacles on the left and right, which could change the strong uptrend of the immediate target of $0.00002. The CMF showed bullish divergence, while the RSI was stuck below the downtrend line. As the quantity is low, it is believed that the price will keep rising slowly and consume more time to reach resistance.
Meme (Bome) price analysis
The short-term verbal prices maintain a horizontal integration within the pre-order range. Slow behavior consumes bullish power, resulting in prices below the support price. Meanwhile, the tokens triggered a strong rebound after fighting bearish calories, thus rising significantly from the local bottom. Prices have not yet entered the bullish range, which is believed to cause some buying pressure, which is very necessary for the continuation of the rise.
Bome’s short-term price action shows that prices have marked the local bottom and are preparing for a major recovery. Random RSI triggered bullish divergences, while MACD showed a decline in sales. Additionally, these levels are about to go bullish crossover, which may verify an uptick beyond the bearish impact. Therefore, it is believed that Bome’s price entered a horizontal merger and recovered the loss level by about $0.0021.
