BounceBit$BB Price Forecast
The last price of one BounceBit/BB coin is $0.1321. Over the last 24 hours, it has increased by 9%. 47.20% of the days, the BB price closed above its opening price.
Based on 17 technical indicators, 11 buy signals, and 3 sell signals, the technical analysis of prices suggests a bullish sentiment in the short term. The first significant resistance of the upward trend for $BB is at $0.1496. To continue rising, it needs to close above this level, and the lower support is at $0.0999. Thus, if the price drops below $0.0999, we may see further price declines. If BB closes above $0.1496, it could rise to the next resistance level at $0.1844.
The 14-day Relative Strength Index (RSI) currently stands at 61.18, indicating neutral conditions, meaning the market is neither overbought nor oversold.
On the daily chart, the exponential moving averages indicate a bullish signal. The price of BounceBit is currently above the 50- and 100-day EMA. The 200-day EMA is at $0.1555, which is 15.03% above the current rate.