BGB has surged 5.32% in 24 hours, with increased trading volume of 81.55%.
Technical analysis shows BGB’s price may rebound from $3.70 support.
RSI and MACD indicate bullish momentum, with a $5.00 target for BGB.
Bitget Token (BGB) has seen a significant price increase, reaching $4.72 in the last 24 hours, marking a 5.32% gain. This surge was accompanied by a notable rise in trading volume, which jumped 65% to reach $217 million. With a market capitalization of $5.66 billion, BGB is gaining strong momentum.
The BGB 1 day price chart reveals a potential bottoming pattern, marked by a double-needle structure. The market signals a recovery after two consecutive positive price movements, with the 30-day moving average (MA30) rising. This upward movement suggests that the room for future retracements is limited.
Analysts suggest that the previous low of $3.70 will likely act as the bottom for this correction cycle. If BGB’s price dips below $4 in the coming days, it co
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