BounceBit: Technical Analysis in 12-Hour Timeframe

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Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

BB has broken above the resistance trendline and is currently retesting it. The 21 EMA and a horizontal ray serve as primary support for BB. A rebound from this primary support will likely be bullish and could potentially rally toward its all-time high range.

If BB breaks down below the primary support, the lower support at $0.2393 (the all-time low) will likely hold the price.

Key Levels:

- Primary Support/Accumulation: $0.3134-$0.3265.
- Lower Support: $0.2393.
- Primary Target: $0.505-$0.55.
- Higher Target: $0.8789.

DYOR. NFA.

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