Bubblemaps Crashes 33% in 24H—Key Support at $0.0717 or Relief Bounce?

Bubblemaps plunges 33% after trendline break and Fibonacci failure. Is a bounce near $0.085 or will bears drive BMT toward $0.0717?

Written by: Arslan Butt • Sunday, July 6, 2025 • 1 min read

• Last updated: Sunday, July 6, 2025

Bubblemaps Crashes 33% in 24H—Key Support at $0.0717 or Relief Bounce?

Quick overview

Bubblemaps (BMT) experienced a 33% drop in 24 hours, falling to $0.0876 after breaking key support levels.
The 4-hour chart indicates capitulation with significant selling pressure and failure to hold Fibonacci levels.
Current support zones include $0.0837, $0.0773, and $0.0717, while resistance is at $0.0949 and $0.1018.
Traders are advised to watch for a potential long opportunity between $0.085 and $0.088 if a bullish reversal candle appears.

Bubblemaps (BMT) has gone into damage control mode after a 33% drop in 24 hours. The selloff was triggered by a break below the long-term ascending trendline and the 50-day simple moving average, which has been supporting since mid-June. BMT is now at $0.0876, its lowest in a month.

The 4-hour chart tells the story: a big red candle, no lower wick, follow-through selling. This is capitulation. Compounding the pressure was a failure to hold key Fibonacci levels. The 0.618 level at $0.1128 and 0.5 at $0.1073 were both sliced through with ease.

Bubblemaps (BMT) Support Zones and Recovery Risks

At a psychological level of $0.085, BMT is showing some hesitation. A cluster of spinning tops and doji candles suggests bears are still in control but downside momentum may be slowing.

Support zones to watch:

$0.0837: Current floor being tested
$0.0773: Next support with history
$0.0717: Final base if selling resumes

Resistance on the upside:

$0.0949: Immediate bounce target
$0.1018: Higher resistance tied to failed Fibonacci support
50-SMA: Now above at $0.1311, long term ceiling

Bubblemaps (BMT) Trade Setup: Rebound or More Pain?

Technically, BMT is bearish until it gets back above $0.0949. But this area between $0.085 and $0.088 could be a tactical long opportunity if a clear reversal candle appears, such as a hammer or bullish engulfing, confirmed by volume.

Setup:

Entry (Long): $0.085-$0.088 with bullish candle + volume
Targets: $0.0949 → $0.1018
Stop-Loss: Below $0.083
Trend Bias: Bearish until above $0.0949+

Altcoin traders, this could be a low risk bounce or more pain if $0.0837 breaks. Either way, BMT will set the tone for short-term altcoin sentiment.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.