An analyst known for making timely altcoin calls thinks that a massive trend reversal is underway for an under-the-radar meme token.
Pseudonymous crypto strategist Bluntz tells his 283,700 followers on the social media platform X that Book of Meme (BOME) looks bullish after breaking out of its accumulation range in a big way.
“BOME daily looking like a MONSTER breakout now.
Surely I won’t cop heat for talking about a $700 million market cap coin.”
Based on the trader’s chart, he seems to predict that BOME will rally to $0.03, suggesting an over 220% increase from current levels.
At time of writing, BOME is worth $0.00932.
The trader also unveils his current portfolio, which is made up of memecoins.
“My bags change frequently based on whichever charts I think look the best at any given time (astrology for men).
Always looking for the fastest horses but also I try not to diversify too much. I go hard into a handful of picks, usually up to 10 or MAX
Currently, my Noah’s Ark bags are:
WIF
BOME
SILLY
SLERF
PENG
CAT.”
Another meme token on the trader’s radar is cat in a dog’s world (MEW). Bluntz says MEW looks strong after clearing its diagonal resistance on the daily chart.
“Huge daily downtrend breakout on MEW overnight.
Pretty significant in my opinion.”
At time of writing, MEW is trading at $0.0084.
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Generated Image: Midjourney