BOME’s price increased by 10% in the last 24 hours. Signals from the Exponential Moving Average (EMA) also showed that the bias around the token was bullish. This was because the 20 EMA (blue) had crossed over the 50 EMA (yellow).
However, traders might need to be wary. If BOME’s price slips below the 20 EMA, the thesis could turn bearish in the short term. Should this be the case, the price of the meme coin could drop to $0.012.
On the other hand, a bullish forecast for BOME places the price at $0.023. If this is the case, the market cap of the token might also climb above where it stood.
In conclusion, it might not be easy to take Shiba Inu off its position. However, it is not impossible. But for that to happen, the prices of WIF and BOME need to do mind-blowing numbers.
