- BounceBit (BB) has surged 11% and is forming a bullish rounding bottom pattern on the daily chart, suggesting potential for further gains.
- The pattern began after BB's rejection near $0.20 in February 2025, followed by a pullback to $0.073 before stabilizing and recovering.
- BB is currently trading around $0.1856 and approaching key neckline resistance between $0.19-$0.2015 where the next major price battle will occur.
- A successful breakout above the neckline could target $0.29 initially, with the rounding bottom projection pointing to $0.3173 representing nearly 70% upside potential.
Date: Thu, Sept 18, 2025 | 06:55 AM GMT
The cryptocurrency market is showing upside resilience today as Ethereum (ETH) climbs near the $4,575 mark with a 0.75% intraday gain following the latest Fed rate cut decision. Riding on this positive sentiment, several altcoins are flashing bullish setups — including BounceBit (BB), which is attracting attention with a potential breakout pattern.
BB has already surged by an impressive 11%, but the chart is suggesting a much bigger development — a bullish rounding bottom formation that could set the stage for further gains in the coming sessions.
Rounding Bottom in Play?
On the daily chart, BB appears to be shaping a rounding bottom, a classic bullish reversal pattern that often signals accumulation before a powerful upward move.
The pattern began forming after BB faced rejection near $0.20 back in February 2025, which led to a sharp pullback toward $0.073. Strong demand emerged at those lower levels, allowing the token to stabilize and gradually recover.
Now, BB has reclaimed momentum and is trading around $0.1856, moving closer to the neckline resistance zone. This key level sits between $0.19 and $0.2015, a zone where the next battle between bulls and bears is likely to unfold.
What’s Next for BB?
If BB successfully breaks above the neckline resistance at $0.19–$0.2015, the bullish reversal setup would be confirmed. Such a breakout could open the door for an initial move toward $0.29, and if momentum continues, the rounding bottom projection points toward a target of around $0.3173 — a gain of nearly 70% from the current price.
That said, traders should also keep an eye on possible short-term pullbacks. A dip back toward the rounding support line before the breakout cannot be ruled out.
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