$BB - 12-Hour Timeframe Update
$BB has successfully broken above the resistance trendline and is now retesting it.
The 21 EMA and a key horizontal support level are providing solid support for BB. If the price bounces from this support zone, it could indicate the start of a bullish trend, possibly pushing the price towards its previous highs.
However, if BB doesn't hold this support, the next level of support at $0.2393 (the all-time low) should help stabilize the price.
Key Levels to Keep an Eye On:
- Main Support Zone: $0.3134 - $0.3265
- Lower Support: $0.2393
- Initial Target: $0.505 - $0.55
- Upper Target: $0.8789