$BMT

fell 1.73% over the past 24h, underperforming the broader crypto market (-0.96%). The decline aligns with a 7-day drop of 8.39% and a 30-day loss of 16.74%, driven by bearish technicals and mixed sentiment.

Bearish Technical Signals – Key indicators suggest weakening momentum.

Market-Wide Caution – Altcoin sentiment remains muted despite sector narratives.

Recent Controversies – Rugproof allegations indirectly impacted BMT’s perception.

Deep Dive @Bubblemaps.io #Bubblemaps

1. Bearish Technical Signals (Mixed Impact)

Overview: BMT’s price ($0.0737) trades below its 7-day SMA ($0.076) and 30-day SMA ($0.084), signaling sustained selling pressure. The RSI-14 sits at 31.33, near oversold territory but not yet extreme. The MACD histogram shows a marginal uptick (+0.00007), suggesting tentative stabilization.

What this means: While oversold conditions could invite short-term buyers, the lack of strong bullish divergence and resistance at the 7-day SMA ($0.076) limits upside potential. Traders may await a confirmed breakout above $0.076 before conviction returns.

2. Altcoin Sentiment & Sector Rotation (Bearish Impact)

Overview: The crypto market’s Altcoin Season Index sits at 38/100, indicating capital remains skewed toward Bitcoin. InfoFi projects like BMT face headwinds despite sector growth, with competitors like Kaito and Ocean Protocol also down 20–30% monthly.

What this means: BMT’s decline mirrors broader risk-off behavior in altcoins. While InfoFi narratives gained traction in June , recent market turbulence has shifted focus to safer assets.

3. Rugproof Controversy Fallout (Bearish Impact)

Overview: Bubblemaps’ exposé on Rugproof’s alleged rug pull (29 July) highlighted its investigative value but also underscored systemic risks in low-cap projects.

What this means: While reinforcing BMT’s utility, the news may have spooked retail investors wary of collateral damage in similar tokens. BMT’s association with on-chain scrutiny could temporarily dampen speculative interest.