$BB Technical Analysis✨:

I don't usually do these but I think here it's important.

Moving Average:

On the four-hour time frame, BounceBit is currently trending bullish with the 50 day moving average currently sloping up. BounceBit’s 200 day moving average is sloping down and has been doing so since 9/4/2024 which means the trend is weak.

Relative Strength Index:

Currently the RSI is within the 30-70 neutral zone, which indicates the price is trending neutral with the price being able to keep #RSIIndicator in that state for a while.

We’re eyeing the key resistance level at $0.3023—if the price breaks above this, it's a strong signal for a long trade, with targets set at $0.3100, $0.3150, and $0.3200. Don't miss the next move.

Chart below is H4.