In the last 24 hours, BounceBit ($BB ) has fallen by 2.71%, despite a growth of 23.86% over the last 7 days. Main reasons:
Profit-taking after growth amid partnership with Franklin Templeton
Technical resistance at the Fibonacci level of $0.158
Overall decline in the cryptocurrency market (-0.57%)
The price faces resistance at the 23.6% Fibonacci level ($0.15794), while the 7-day moving average (SMA) at $0.1318 serves as support.
The MACD histogram remains positive (+0.003071), indicating the preservation of some bullish momentum. However, the Relative Strength Index (RSI) at 62.66 indicates a slowdown in growth after a recent rise. A breakout below $0.1318 could lead to a retest of the 38.2% Fibonacci level ($0.14497).#BB #BounceBitPrime @BounceBit
