Bubblemaps Market Overview: 24-Hour Technical Summary

• Bubblemaps traded within a tight range on 2025-08-08, forming multiple consolidation patterns.
• A notable bearish divergence emerged between price and volume after 09:00 ET, hinting at waning bullish momentum.
• A 61.8% Fibonacci retracement level near 0.0757 provided temporary support but failed to spark a reversal.
• RSI approached oversold territory, indicating potential for a short-term rebound.
• Volatility increased midday, as seen in the widening of Bollinger Bands during the 06:00–08:00 ET window.

Bubblemaps (BMTUSDT) opened at 0.0756 on 2025-08-07 12:00 ET, reaching a high of 0.0767, a low of 0.0745, and closing at 0.0749 on 2025-08-08 12:00 ET. Total 24-hour volume was 104,951,474.2 and notional turnover was 7,785,966.5 USD.

Structure & Formations

The 15-minute chart showed a bearish continuation pattern after 09:00 ET, with a large bearish engulfing pattern forming at 09:30 ET. Price remained below key resistance at 0.0762, which appeared to cap bullish attempts throughout the day. A 61.8% Fibonacci retracement level at 0.0757 offered temporary support but failed to hold by late afternoon.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart converged around 0.0756–0.0758, indicating a neutral to slightly bearish bias. On the daily chart, the 50-period and 100-period MAs crossed below the 200-period MA, suggesting a potential shift into bearish territory.

MACD & RSI

The MACD line turned negative in the midday session and remained below the signal line, signaling weak bullish momentum. The RSI dipped below 30 in the final 3 hours, entering oversold territory—suggesting the pair could see a short-term bounce. However, this remains unconfirmed without a decisive close above key resistance.

Bollinger Bands

Volatility expanded around 06:00–08:00 ET, with the Bollinger Bands widening and price testing the upper band at 0.0765. By late afternoon, volatility compressed again, with price consolidating near the mid-band around 0.0753–0.0756, indicating a potential prelude to a breakout or breakdown.

Volume & Turnover

The largest volume spike occurred at 00:45 ET, with 1,055,838.8 units traded, coinciding with a sharp move to 0.0765. However, a bearish divergence was observed in the late morning hours, as price declined while volume remained relatively low—suggesting weakening conviction in the bearish move.

Fibonacci Retracements

A recent swing high of 0.0767 and a swing low of 0.0745 formed a key 15-minute range. The 38.2% level at 0.0756 and 61.8% at 0.0757 acted as minor support levels. Price failed to rebound from 61.8%, which suggests further bearish pressure may persist in the near term.

Looking ahead, Bubblemaps may test 0.0745 as a next support level if the bearish momentum continues. However, a short-term bounce above 0.076 could indicate renewed bullish interest. Investors should remain cautious of diverging volume signals and watch for a decisive breakout or breakdown.