BB Analysis: Strong bullish momentum with high ADX and overbought MFI supported by buybacks and CeDeFi growth

Market Summary

Price: 0.199 USDT

Technical Signals (1h): Price above SMA(50), MACD bullish crossover, strong ADX, bullish Parabolic SAR, bullish TD.

Momentum Indicators: RSI neutral (57.4), MFI overbought (75.6) → short correction likely.

Levels: Support at 0.19 USDT, resistance at 0.22 USDT.

Fundamentals:

Market cap ~81M$ vs TVL ~311M$ → undervalued token.

Buybacks: 8.87M BB in August using 16M$.

CeDeFi + LSDs (stBB, stBBTC) support demand.

Technical Pattern: Circular base may push price towards 0.30 then 0.50+.

Buy Trade Plan (1h/4h):

Initial Entry: Near 0.199 USDT with SMA(50) support.

Confirmation Entry: Above 0.20 USDT.

Stop Loss: Below 0.19 USDT.

Targets: 0.22 → 0.25 → 0.30 USDT.

Conclusion: General trend is bullish supported by fundamentals and buybacks, with short correction risks due to overbought conditions. Mid-term targets between 0.22–0.30, and with adoption may exceed 0.50.

#BB #BounceBitPrime @BounceBit $BB #CeDeFi #تداول_الكريبتو #تحليل_فني

⚠ Disclaimer: This is not investment advice. Cryptocurrency trading is high risk. Manage risks well.