$BB BounceBit (BB) – Strong Strategic Backing, Short-Term Upside Momentum Intact
BounceBit has been gaining strong traction thanks to strategic partnerships, including the integration of Franklin Templeton’s BENJI fund, which has helped drive its TVL from $136M to $669M in a short span.
The protocol has also been actively conducting token buybacks, with 8.87M tokens repurchased, while leveraging its unique CeDeFi framework to deliver yield opportunities for Bitcoin holders.
On the technical side, BB price surged 4.41% over the past 24 hours, supported by a bullish MACD crossover and positive momentum on short-term EMAs, although it still trades below longer-term averages.
Can BounceBit sustain this impressive momentum and break through key resistance levels, or will near-term profit-taking limit its upside?
