Shiba Inu (SHIB) and Book of Meme (BOME) displayed a notable fractal pattern, suggesting potential parallels in market behavior.
BOME could replicate SHIB’s success after breaking its descending trendline similar to SHIB in late 2020.
At the time, it rallied over 1300% from the breakout point to its peak in early 2021. This surge not only captivated meme coin investors but also set a precedent for similar tokens.
As at press time, it was exhibiting a similar breakout pattern on its chart. This fractal resembled SHIB’s early movements indicating a possible replication of SHIB’s explosive rally.
SHIB/WETH vs BOME/USDT chart | Source: Trading View
If BOME follows in SHIB’s footsteps, the token could see a comparable exponential rise in its valuation. Potentially it would lead to a similar rally.
The pattern analysis not only suggested BOME’s capacity for substantial growth but also emphasized on the cyclical nature of meme coins.
Past trends can often predict fut
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