Bubblemaps ($BMT ) has dropped by 1.96% in the last 24 hours, continuing a decline of 6.4% over the week amid a general weakening of the cryptocurrency market. The main reasons:
Overall risk reduction in the market – The total cryptocurrency market capitalization has decreased by 2.19%, with altcoins showing worse results (Altcoin Season Index at 42 out of 100).
Technical breakdown – The price has fallen below key moving averages, accompanied by bearish signals from MACD and RSI indicators.
Decrease in interest and activity – After the Binance campaign and a waning interest in the InfoFi topic, there is a decline in momentum.
The decline in BMT is due to a combination of technical factors, a shift in sentiment towards major coins, and reduced activity following marketing campaigns. At the same time, the main analytical function of the project retains its value, as confirmed by recent integrations on exchanges. In the short term, sentiment depends on overall market trends.
Main observation: will BMT be able to hold the support level of $0.0713 and will the new Intel Desk feature (roadmap V2) trigger a resurgence in developer activity?