The price of BounceBit ($BB ) has fallen by 1.88% in the last 24 hours, which is worse than the overall cryptocurrency market (-3.49%). This decline is related to profit-taking after a rise of 34.86% over the last 60 days and mixed technical signals.
Profit-taking after the rise – $BB has increased by 34.86% over the last 60 days, prompting short-term holders to take profits.
Technical resistance – The price is struggling to overcome the 200-day exponential moving average (EMA) at $0.153, indicating a bearish sentiment.
Overall market decline – The market capitalization of cryptocurrencies has decreased by 3.49% amid declining demand for altcoins (Altcoin Season Index fell by 8.51%). #BounceBitPrime @BounceBit