$BOB (Build on Bitcoin) – short-term weakness, buyers testing the base
Price action
$BOB is trading around $0.01607, down -3.88% on the day
Intraday high $0.01659 | low $0.01584
What’s happening
Price rolled over after rejection near 0.0166 and drifted lower with consistent selling pressure. The dip into 0.0158 attracted buyers, shown by long lower wicks and a small bounce, but momentum is still cautious. This looks like distribution followed by a tentative base, not a confirmed reversal yet.
Key levels
Support: 0.01600 then 0.01580
Resistance: 0.01630 then 0.01660
Trend
Short-term bearish, structure needs reclaim levels to flip.
Trade idea
If price holds above 0.01600 and breaks 0.01630, a recovery toward 0.0166–0.0169 is possible.
If price loses 0.01600, downside risk increases toward 0.0158 support.
Main takeaway: BOB needs to reclaim 0.01630 to shift momentum back to buyers; until then, rallies may face pressure.