BounceBit ($BB) Shows Bullish Signs After Sharp Rebound — Market Eyes Fresh Momentum Ahead
$BB is showing renewed strength today as the price rebounds to $0.1286, marking a 13.01% daily gain. After a recent dip to $0.1134, bulls have stepped back in, pushing the token toward intraday highs near $0.1339. This recovery demonstrates growing demand at lower levels and signals that market participants are regaining confidence after a short-term correction.
On the 15-minute chart, BB recently formed a local bottom around $0.1264, followed by a bounce supported by the Parabolic SAR flipping below the candles — a typical early signal of bullish reversal. The immediate resistance remains around $0.1310–$0.1339, where sellers previously capped upward moves. A breakout above this zone could open the door toward $0.1375–$0.1400 in the near term.
Meanwhile, the moving averages (MA5 and MA10) are trying to converge, indicating the market is preparing for a short-term trend reversal. The volume bars show a noticeable rise in green candles, reflecting renewed buying pressure as traders accumulate near the current range. This accumulation phase could act as a base for the next bullish leg if momentum continues.
However, traders should also note that BB has faced a 34% drop over the past 7 days and 21% in 30 days, so strong resistance and potential volatility are expected during recovery. The 90-day performance (+25.86%) still reflects mid-term strength, showing that despite pullbacks, the broader uptrend remains structurally intact.
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