BounceBit: 12-Hour Timeframe Technical Analysis
BB has successfully broken above the resistance trendline and is currently in the process of retesting it. The 21 EMA, along with a key horizontal support level, is acting as the primary support zone for BB. A bounce from this support zone could signal a bullish trend, potentially driving the price toward its all-time high range.
However, if BB fails to hold this primary support, the next support level at $0.2393 (the all-time low) is expected to provide strong price stability.
Key Levels to Watch:
- Primary Support/Accumulation Zone: $0.3134 - $0.3265
- Lower Support: $0.2393
- Primary Target: $0.505 - $0.55
- Higher Target: $0.8789
