- SOL moved marginally in the last 24 hours.
- BOME’s exponential rise may help SOL’s price as well.
The popularity of meme coins surged over the last few months. One such token was Book of Meme [BOME], which also helped Solana [SOL] gain much traction.
However, as the market turned bearish, both these cryptos went under the bears’ control.
How Solana and BOME benefited each other
In the last 30 days, BOME showcased an incredible performance that also somewhat contributed to Solana’s bull rally.
According to CoinMarketCap, BOME took the market by storm as its value surged by nearly 1500% in the last month. Consequently, SOL also rose by over 53%.
It was interesting to see the two tokens’ relationships on the social front too.
Notably, AMBCrypto’s analysis of Santiment’s data revealed that both cryptos’ Social Volumes spiked substantially between the 16th to the 18th of March.
Source: Santiment
In fact, they still seem to have been continuing their similar trends at press time, as both their prices only moved marginally in the last 24 hours.
While BOME was trading at $0.01461, SOL had a value of $196.86. Additionally, both crypto trading volumes also dropped by 28% and 38%, respectively.
Will history repeat itself?
Since both cryptos’ actions were closely related, AMBCrypto planned to check their metrics to find out whether they could benefit each other in Q2 2024.
AMBCrypto’s analysis of Hyblock Capital’s data revealed that northbound BOME did not have much liquidation to take place until its all-time high.
Therefore, if BOME actually starts a bull rally in April, the chances of it touching and even exceeding its ATH are high.
Source: Hyblock Capital
So if BOME’s price gains bullish momentum, we might also witness Solana’s price moving northwards in the next month. To see whether anything was also acting in SOL’s favor, we then checked its daily chart.
AMBCrypto’s analysis revealed that SOL’s price was moving in a bullish ascending triangle pattern at press time. A breakout from that pattern could mean yet another bull rally for SOL.
Read Solana’s [SOL] Price Prediction 2024-25
Its Relative Strength Index (RSI) also seemed bullish, as it registered a sharp uptick.
Therefore, considering BOME’s liquidation levels and SOL’s bull pattern, the chances of both of these cryptos starting a bull rally at the beginning of Q2 seemed likely.
Source: TradingView
- SOL moved marginally in the last 24 hours.
- BOME’s exponential rise may help SOL’s price as well.
The popularity of meme coins surged over the last few months. One such token was Book of Meme [BOME], which also helped Solana [SOL] gain much traction.
However, as the market turned bearish, both these cryptos went under the bears’ control.
How Solana and BOME benefited each other
In the last 30 days, BOME showcased an incredible performance that also somewhat contributed to Solana’s bull rally.
According to CoinMarketCap, BOME took the market by storm as its value surged by nearly 1500% in the last month. Consequently, SOL also rose by over 53%.
It was interesting to see the two tokens’ relationships on the social front too.
Notably, AMBCrypto’s analysis of Santiment’s data revealed that both cryptos’ Social Volumes spiked substantially between the 16th to the 18th of March.
Source: Santiment
In fact, they still seem to have been continuing their similar trends at press time, as both their prices only moved marginally in the last 24 hours.
While BOME was trading at $0.01461, SOL had a value of $196.86. Additionally, both crypto trading volumes also dropped by 28% and 38%, respectively.
Will history repeat itself?
Since both cryptos’ actions were closely related, AMBCrypto planned to check their metrics to find out whether they could benefit each other in Q2 2024.
AMBCrypto’s analysis of Hyblock Capital’s data revealed that northbound BOME did not have much liquidation to take place until its all-time high.
Therefore, if BOME actually starts a bull rally in April, the chances of it touching and even exceeding its ATH are high.
Source: Hyblock Capital
So if BOME’s price gains bullish momentum, we might also witness Solana’s price moving northwards in the next month. To see whether anything was also acting in SOL’s favor, we then checked its daily chart.
AMBCrypto’s analysis revealed that SOL’s price was moving in a bullish ascending triangle pattern at press time. A breakout from that pattern could mean yet another bull rally for SOL.
Read Solana’s [SOL] Price Prediction 2024-25
Its Relative Strength Index (RSI) also seemed bullish, as it registered a sharp uptick.
Therefore, considering BOME’s liquidation levels and SOL’s bull pattern, the chances of both of these cryptos starting a bull rally at the beginning of Q2 seemed likely.
Source: TradingView
can i purchase clomid for sale clomiphene chance of twins clomiphene cost can you get clomid prices cost of cheap clomiphene for sale can i purchase cheap clomiphene prices can you buy clomid pills
More articles like this would frame the blogosphere richer.
More posts like this would create the online time more useful.
where to buy zithromax without a prescription – tetracycline without prescription metronidazole 200mg price
how to buy semaglutide – purchase semaglutide online cheap periactin for sale online
buy domperidone no prescription – order tetracycline 500mg for sale flexeril drug
buy generic propranolol for sale – clopidogrel pills buy methotrexate 5mg without prescription
how to get amoxil without a prescription – purchase amoxil for sale order ipratropium online cheap
oral azithromycin – zithromax 500mg for sale nebivolol over the counter
amoxiclav cheap – at bio info purchase ampicillin without prescription
how to buy esomeprazole – https://anexamate.com/ buy generic esomeprazole for sale
order coumadin without prescription – https://coumamide.com/ buy hyzaar pill
order meloxicam 15mg – moboxsin.com meloxicam 15mg drug
buy deltasone 40mg online cheap – https://apreplson.com/ how to buy prednisone
where to buy ed pills without a prescription – site can you buy ed pills online
amoxicillin for sale online – https://combamoxi.com/ amoxicillin medication
forcan for sale online – on this site order diflucan 100mg pills
buy cenforce no prescription – buy cenforce 100mg buy cenforce for sale
what does a cialis pill look like – fast ciltad liquid tadalafil research chemical
where to buy cialis online for cheap – tadalafil long term usage take cialis the correct way
ranitidine over the counter – buy zantac 150mg online buy zantac 150mg