August 20
The last price of one BounceBit coin/$BB is $0.1119. In the last 24 hours, it has decreased by 2%. 47.02% of the days, the BB price closed above the opening level.
Based on 17 technical indicators, 1 buy signal, and 11 sell signals, the technical analysis of prices shows a bearish forecast for the short term. The first significant resistance of the upward trend for $BB is at the level of $0.1496. To continue rising, it needs to close above this level, while the lower support is at $0.0999. Thus, if the price falls below $0.0999, we may see further price decline. If $BB closes above $0.1496, it could rise to the next resistance level at $0.1844.
The 14-day relative strength index (RSI) is currently at 53.92, indicating neutral conditions, meaning the market is neither overbought nor oversold.
On the daily chart, the exponential moving averages show a bearish signal. The price of BounceBit is currently below all exponential moving averages