BounceBit Market Overview: Volatile 24-Hour Rally and Key Levels to Watch

Generated by AI AgentAinvest Crypto Technical Radar
Friday, Aug 8, 2025 5:08 pm ET1min read
AMP
--
Aime RobotAime Summary

- BounceBit surged 37% to 0.1504 before a 10% pullback, with key resistance at 0.1447 and support near 0.1323–0.1365.

- High volatility (40% Bollinger Band expansion) and overbought RSI (70+) suggest potential near-term consolidation or reversal.

- Strong 19:00–22:30 ET volume spikes ($1.46M peaks) highlight active trading, but recent volume decline signals weakening momentum.

• BounceBit surged 37% from 0.1072 to 0.1458, then consolidated into a 10% pullback.
• Key resistance appears at 0.1447, while support is likely near 0.1323–0.1365.
• High volatility and volume spikes were seen between 19:00–22:30 ET, signaling strong interest.
• RSI overbought at 70+, with momentum slowing, suggesting potential near-term pullback.
• Bollinger Bands widened 40% during peak volatility, indicating a possible continuation or reversal phase.


BounceBit (BBUSDT) opened at 0.1072 on 2025-08-07 at 12:00 ET, surged to a high of 0.1504, pulled back to a low of 0.1306, and closed at 0.1347 on 2025-08-08 at 12:00 ET. Total 24-hour volume was 88,035,033.3, while notional turnover reached $13,447,632.54.

Structure & Formations


The 24-hour period showed a strong bullish impulse from 0.1072 to 0.1504, followed by a sharp bearish pullback. A shooting star appeared at 0.1504 (00:00 ET), indicating potential resistance. Key support levels at 0.1323–0.1365 have held during retracements, with a bullish engulfing pattern forming on the 08:30–09:45 ET timeframe.

Moving Averages


On the 15-minute chart, the 20-period MA (0.1340) is above the 50-period MA (0.1325), suggesting a short-term bullish trend. On the daily chart, the price is above the 50/100/200-day MAs, affirming a positive medium-term bias, with the 50-day MA (0.1245) as a potential floor.

MACD & RSI


The MACD (12, 26, 9) showed a bullish crossover during the 19:00–22:30 ET rally, but has since diverged from the price action. The RSI (14) hit overbought territory above 70 during the peak, and now stands at 55, suggesting the pullback may not yet be complete.

Bollinger Bands


The Bollinger Bands (20, 2) expanded to a 40% width during the 19:00–22:30 ET surge, indicating high volatility. Price has since retracted and now sits midway within the bands, suggesting consolidation or a possible bounce from the lower band.

Volume & Turnover


Volume spiked to 10.66M at 19:00 ET and 8.98M at 00:15 ET, confirming the sharp moves. Notional turnover followed volume, peaking at $1.46M and $1.28M during those periods. However, volume has declined significantly in the past 6 hours, suggesting weakening momentum.

Fibonacci Retracements


Applying Fibonacci to the key 0.1072–0.1504 swing, 38.2% (0.1315) and 61.8% (0.1362) have acted as support levels. The 23.6% (0.1161) and 50% (0.1288) levels are now resistance if the rally resumes.

BounceBit may test key support at 0.1323–0.1365 over the next 24 hours, with a possible bounce if buyers hold. However, caution is warranted if 0.1306 is broken, as this could lead to a test of 0.1161. Investors should closely monitor volume and RSI for signs of exhaustion or renewed momentum.