$BMT / USDT | Technical Analysis 📉

Current Price: $0.0921 (−12.2% intraday)

24H Range: $0.0843 – $0.1060

Timeframe: 15 min

🔻 Trend: Bearish Breakdown After Heavy Sell‑off

BMT plunged from ~$0.135 to the $0.084 region, sharply breaking below all EMAs (9/20/50/100/200). The steep drop accompanied a surge in volume, suggesting aggressive distribution. The recent price recovery back to $0.092 appears more like consolidation than reversal as price remains under longer-term EMAs.

📌 Potential Entry Zone (Base Build / Bounce Play): $0.0880 – $0.0900

🎯 Target 1: $0.105 – $0.106 (24h high / key resistance)

🎯 Target 2: $0.120 (EMA-100 region)

🛑 Stop Loss: Pivot below $0.0843 (recent low)

📊 Indicators & Insights:

RSI(14): ~57 – Neutral mid-range; no overbought/oversold extremes.

Volume: Spike at breakdown; recent volume is tapering, indicating possible stabilization.

EMA Structure: Bearish alignment remains — shorter EMAs are well below EMA-100/200 ($0.095) would be a bullish first step.

Price Action: The candle patterns show a compression phase following the crash, possibly forming a base.

⚙️ Fundamental Snapshot:

Protocol Overview: BMT is the native token for Bubblemaps, a blockchain analytics and visualization platform targeting portfolio/tracking, wallet cluster mapping, and Intel Desk community governance .

Tokenomics & Supply: Fixed 1 B total supply; ~360M circulating (~36%) . Allocations include staking, burning/buybacks, ecosystem, investor, team, and liquidity — with staggered vest unlocks to 2029 .

Market Stats: Market cap ≈ $33M, daily volume 190–250M USD across exchanges like Binance, Gate, MEXC .

Catalyst Events: Launch of Bubblemaps v2—advanced on-chain tools to detect insider or memecoin activity—on May 29, prompting short-lived rallies . Strong product momentum continues but adoption vs competitors (e.g., Chainalysis) will be key .