Is it possible for $BB to break through 1u?

On the daily chart, it looks like it has retraced to close to the 0.5 Fibonacci level. If this area can be held and the volume increases, the price may rise to the 1.618 level near 1.084.

After soaring 41% on the 25th, $BB, the native token of the Bitcoin re-staking project BounceBit, continued to rise for several days and hit a high of $0.813 today (2), achieving a doubling of the price in 3 days and a 28% increase in 7 days.

It is now reported at $0.7246, with a market value of more than $290 million and Mcap/FDV exceeding 19% (the highest among the new coins listed on Binance recently).

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