BounceBit ( $BB ) Testing Key Support – Can It Bounce Back? ⚡


BounceBit is a next-gen Layer 1 blockchain that blends CeFi + DeFi infrastructure with a focus on Bitcoin restaking and yield generation. Its ecosystem allows users to deploy liquidity into structured products while securing networks through restaked BTC. The native token $BB plays a central role, powering governance, staking, and utility across the BounceBit ecosystem.


📊 Current Market Snapshot (BB/USDT)


Price: $0.1116 (↓4.37% 24h)


24h High: $0.1167


24h Low: $0.1075


⚠ Key Levels to Watch


Immediate Support: $0.1075 (24h low)


Major Support Zone: $0.1060–$0.1070 → Losing this opens risk to $0.099


Resistance: $0.1145 (MA7), then $0.1186–$0.1189 (MA25/MA99)


Breakout Target: $0.123–$0.125 if bulls reclaim MA25


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📉 Technical Outlook


$BB has been in a downtrend after peaking at $0.1382, now consolidating near its recent low.


RSI hovering near 40 = market is weak but not yet in extreme oversold territory.


MACD remains negative, signaling that bearish pressure hasn’t fully cooled.


Holding above $0.1075 is critical — a breakdown risks revisiting $0.0994 (previous low).


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🚀 Final Takeaway


BounceBit’s token is under pressure, but it is sitting close to an important support level. If buyers defend $0.107–$0.110, a rebound toward $0.118–$0.123 is possible. However, failure to hold this support could drag $BB lower, with $0.099 as the next key downside level.


The path to recovery depends on reclaiming $0.118–$0.119 — only then can $BB regain short-term bullish momentum.

#Altcoin Season#

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August 20, 2025 at 6:06 AM
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