Over the last 24 hours, the price of BounceBit ($BB ) has decreased by 6.86%, which is worse than the overall cryptocurrency market (-2%). Main reasons:
Profit-taking after a 15% increase over the week
Technical resistance around $0.14
Decrease in trading volumes (-20.48%)
Over the last week, $BB has risen by 15%, and over 60 days — by 79%, reaching $0.1382 before today's pullback. The Relative Strength Index (RSI) has dropped from the overbought zone (60.03), indicating profit-taking by short-term holders.
After a sharp rise, traders often sell assets around psychologically important levels, such as $0.14. This creates selling pressure, especially given the relatively low liquidity of $BB (turnover ratio: 0.34).
The price faced resistance at the 50% Fibonacci level ($0.1345) and the 7-day moving average ($0.1355). The MACD histogram (+0.0029) shows a weakening of bullish momentum.
What this means: Traders are closely monitoring these levels — if the price fails to hold $0.1345, it may trigger stop-loss orders. The nearest support is at $0.124 (61.8% Fibonacci), a break of which could lead to a drop to $0.1075.
