- BOME is bouncing from strong support and could break out of its downtrend soon.
- Price targets of $0.010479 and $0.015978 suggest a major bullish move ahead.
- Buyers stepping in now may fuel rapid gains if momentum continues to build.
BOME/USDT shows a double-rounded bottom formation, a strong reversal signal suggesting the end of its prolonged downtrend. The price currently trades at $0.002128, sitting at the lower boundary of a descending channel, a critical accumulation zone for mid-to-long-term investors. With a potential breakout, price targets of $0.010479, $0.013430, and $0.015978 are now in focus, indicating a significant upside if momentum builds.
Technical Setup Points to Strong Recovery
The chart reveals a well-defined double-rounded bottom, a classic bullish pattern suggesting lower levels of accumulation. BOME has been trapped in a descending channel for several months, with price action consistently forming lower highs and lower lows. However, the latest price structure shows a potential shift in momentum as the asset bounces from key support near the lower trendline. A breakout above the resistance of the downward-sloping channel could validate the bullish trajectory and drive the token toward higher price targets.
BOME is currently in a high-reward accumulation zone, making it a strong candidate for a midterm rally. The first target level of $0.010479 aligns with a minor resistance zone, where early profit-taking may occur. A continuation of buying pressure could push the price to $0.013430, a key resistance level that marks the midpoint of the previous decline. The ultimate bullish objective lies at $0.015978, where the token would fully recover from its prior bearish cycle, completing the double-bottom formation.
Market Sentiment and Potential Breakout
Market sentiment surrounding BOME remains cautiously optimistic, with traders closely watching for confirmation of breakout signals. A move above the descending channel could trigger a short squeeze, further accelerating the rally. If volume increases and buying pressure sustains, BOME could experience a rapid climb toward $0.015978, marking an impressive gain from current levels. However, failure to hold support could extend consolidation, delaying the expected move.
With a strong technical setup, BOME appears poised for a major trend shift. If buyers enter the current accumulation zone, the bullish breakout could unfold rapidly, leading to a potential multi-fold price increase.
