After a strong 60-day rally, BounceBit ($BB ) is now consolidating, dropping 2.89% in the last 24 hours. 📉 This dip is mainly due to short-term traders taking profits.
The price failed to break a key resistance level and has lost momentum, with trading volume down significantly. 📊
Adding to the pressure, the protocol's recent $10M buyback program has had a minimal impact.
The token's future depends on whether it can hold current support levels, as short-term sentiment remains cautious despite strong project fundamentals. 🤷♂️
