🔴Today I am closely monitoring BounceBit (BB), and the price is fluctuating between $0.13 and $0.134. Despite the slight changes between platforms, the overall picture is relatively positive. Last week, the currency achieved strong gains exceeding +41%, which for me is a clear signal that momentum is starting to return after a long period of calm.
🔴My Technical View📉📈
Currently, the short-term technical indicators give me a buy signal, supported by rising momentum indicators and price holding above the moving averages. However, I notice that the weekly timeframe is still neutral, which makes me proceed with caution and monitor any changes in trading volumes.
The level of $0.135 is, for me, the key to the next move. If we break it firmly with strong volumes, I expect a surge towards $0.145 and possibly $0.155. However, if the price fails to break this area, a drop towards $0.12 will be the most likely scenario.
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