Bubblemaps (BMT) Faces Profit-Taking After a 147% Rally Post-Binance Listing

 

Bubblemaps’ Price Surge and Profit-Taking Trend

Bubblemaps (BMT) experienced a significant price surge following its Token Generation Event (TGE) and listing on Binance, sparking excitement among investors. This rally pushed the price to a new all-time high, reflecting strong market interest in the project.

However, this bullish momentum was short-lived. Many investors took profits, leading to a 17% price decline in a short period. The selling pressure came as a result of market psychology, where both retail and institutional investors tend to lock in gains after a sharp rally.

Despite the profit-taking, some analysts believe that Bubblemaps still has long-term growth potential, especially if capital inflows resume.

Selling Pressure Based on Market Indicators

Several technical indicators point to increasing selling pressure, including:

✅  Chaikin Money Flow (CMF)

Shows a decline in capital inflows over the past 24 hours.

The CMF struggling to stay above the zero line indicates that the rally is losing steam.

Investors are cashing out after the initial surge, making it difficult for BMT to maintain its uptrend.

If selling pressure continues, a recovery will be challenging without strong buying interest.

✅ Moving Average Convergence Divergence (MACD)

After flashing bullish signals early in the rally, MACD has now turned bearish with a crossover.

This shift from positive to negative momentum indicates that the bullish trend is weakening.

Market sentiment toward Bubblemaps is turning bearish, which could trigger further selling.

Some analysts suggest that a dead cat bounce could occur, where the price briefly rises before resuming its downtrend.

✅ Relative Strength Index (RSI)

RSI is falling from overbought levels, signaling a decline in buying pressure.

If RSI drops below 50, it could confirm that the bearish trend is gaining control.

Bubblemaps (BMT) Price Outlook – What’s Next?

Currently, BMT is trading at $0.226 after a correction. If selling pressure continues, the price could drop to $0.194, and if bearish sentiment prevails, it might even fall as low as $0.119.

📉 If BMT falls below $0.194:

The bearish trend will strengthen, making a recovery more difficult.

A panic sell-off could occur if investors see this key support level breaking.

📈 If BMT breaks above the $0.274 resistance level:

This could pave the way for further gains up to $0.325, reversing the bearish trend and restoring investor confidence.

An increase in trading volume would signal that buyers are returning to the market.

External Factors That Could Influence BMT’s Price

Beyond technical indicators, several external factors could impact Bubblemaps’ price movement:

📌 HOverall Crypto Market Sentiment

If Bitcoin (BTC) and Ethereum (ETH) experience a major correction, altcoins like BMT will likely follow.

Conversely, if the crypto market turns bullish, BMT could benefit.

📌 Adoption and Utility of Bubblemaps

If the project secures strategic partnerships and its usage in the blockchain industry grows, demand for BMT could increase.

📌 Cryptocurrency Regulations

Government policies and regulatory decisions could influence institutional investors’ participation in Bubblemaps.

Conclusion – Can Bubblemaps Recover?

Although BMT is facing selling pressure after its massive rally, a recovery remains possible if capital inflows increase. Investors should watch key support and resistance levels, along with technical indicators, to determine the next price move.

Potential scenarios include:

🔹 If buying pressure resumes, the price could break $0.274 and reach new highs.

🔹 If selling pressure continues, the price could fall to $0.194 or lower.

🔹 Keeping an eye on news and project developments will be crucial in assessing Bubblemaps’ long-term potential.