@BounceBit , #BounceBitPrime and $BB Current Price: ~$0.1818 USD, down ~5-6% over the past 24 hours.
Resistance: As mentioned, the $0.19–$0.195 zone is a barrier.
Support: The lower support zone seems to lie near $0.16–$0.17, where the token has bounced previously.
Technical indicators are mixed but skewed bearish for now:
On Investing.com, both moving averages and oscillators mostly lean toward Sell.
MACD is negative, RSI ~40 — not oversold yet, but showing weakness.
ADX suggests moderate trend strength, not a strong trending move currently.
However, a bullish pattern is forming on some charts: falling wedge on BB/USDT, which often signals a reversal breakout to the upside.
If BB can break through resistance with confirmation (volume, retest), targets in the $0.22–$0.24 zone become possible. Until then, caution is warranted. And remember: 24-hour support is there to help users with any technical or registration issues at any time.
