📉 BounceBit ($BB / USDT) Price Analysis — No Bounce, Is the Decline Continuing? 🩸
"It's called BounceBit but it never bounces... Houston, we have a branding problem."
🧪 1 Day Chart Review:
💰 Current Price: 0.0970 USDT
📉 Trend: Long-term decline — consistently lower highs and lows
📊 Moving Averages:
🟠 MA7: 0.1065
🎀 MA25: 0.1076
🔵 MA99: 0.1174
⚠️ All averages are above the price = classic bearish pressure
🛑 Support Levels:
🔻 0.0930 USDT — Short-term dip test
🔻 0.0860 USDT — Psychological threshold
☠️ 0.0720 USDT — If it breaks, the outlook could be much darker
🚫 Resistance Areas:
📍 0.1070 USDT — MA25 & last breakout level
📍 0.1250 USDT — Previous horizontal consolidation area
📍 0.1450 USDT — July recovery peak
🎯 Target Levels:
🎯 1: 0.1070
🎯 2: 0.1250
🎯 3: 0.1450
📉 Support Range: 0.0930 → 0.0860
🧠 Market Sentiment:
BounceBit is trapped below all significant averages
The price is still moving sideways, no clear reversal structure
If BTC weakens, BB could be one of the initiators of the decline
⚠️ TL;DR (Short Summary):
The name isn't "MoonBit" for nothing...
BB/USDT must quickly rise above 0.1070, otherwise it starts descending back into the "penny zone."
💬 "Not every dip is an opportunity — sometimes it's just a pause before the next drop."
