Currently, the prices of BounceBit ($BB) are in a buying zone according to Fibonacci levels and are also in a rebound zone. We can see that it has already started to bounce off the 0.78 level, with the RSI beginning to exit the oversold region. Therefore, a rebound is expected in the coming hours.

There is resistance above the prices at the SSB (Senkou Span B), which is approximately at the 0.5 Fibonacci level. The 0.71 price level corresponds to this 0.5 Fibonacci level. Consequently, we could aim for either the 0.61 or 0.5 Fibonacci levels as targets. Given the current price, there is a potential gain of 10% up to 0.71.

This analysis suggests a promising outlook for $BB.

I would love to hear your thoughts and feelings regarding this technical analysis. Please feel free to share your impressions!

#bouncebit #TechnicalAnalysis #RSI #Fibonacci #Ichimoku