Bitget Token | BGB ( the next BNB ? )The price of Bitget Token (BGB) is $0.40 today with a 24hour trading volume of 13 million dollar. This represents a 7.7% price increase in the last 24 hours
Bitget is a cryptocurrency exchange and copy trading platform founded in 2018. Bitget’s BGB token is a utility token crucial to the functioning of the Bitget ecosystem. It grants users the ability to vote on project listings, join Launchpad and Launchpool to gain access to high-quality tokens, receive fee discounts, and more on the Bitget exchange. Also, staking NYSE:BGB tokens grants holders access to a wide variety of premium benefits and savings. There are currently 1,400,000,000 BGB in circulation and a maximum of 2,000,000,000 BGB in existence.
BGB will be listed on the bitfinex spot market, tradeable against usdt & usd on 25th April. The decision to list BGB on Bitfinex comes in response to the increasing demand for the token in the market. Entering 2023, BGB has experienced significant price growth over the last few months and reached an all-time high of 0.51 USDT in February. The surge in price can be attributed to several factors, including the increased adoption of the Bitget exchange and its recent efforts in building the spot trading market
next targets are 0.43, 0.45 and 0.47$
BGBUSD
IT'S UNSTOPPABLE? BGBThe weekly chart for BGB it's pretty incredible. Since it's creation in 2022, Bitget token has never stopped to grow. The price of BGB is always rising, and i think this trend will continue. I think the price will reach the main resistance of $1.7/1.8 this year. Looking at short term, price must break above the strong resistance at $1.4 before pushing higher, and i see a good accumulation zone at $1.1, where i hope the price to come back to add more. First support zone is $1.28, if this hold we have nothing that can stop the rise
BGBUSD Trading within a RectangleThe Bitget Token (BGBUSD) has been giving us great opportunities both on the long and short-term. Last time it gave us enormous profit on the 1H time-frame:
This time we are looking it from a long term perspective, on the 1D time-frame, where the price is rebounding after hitting the January Higher Lows trend-line, while the 1D RSI is rebounding after hitting the 30.00 oversold barrier.
We are again on the 1D MA50 (blue trend-line) after a week and being in a Rectangle, we expect the price to hit at least 0.4700. As long as we trade below the 0.51845 Resistance, we will look to short every approach back towards the Higher Lows trend-line. A break below the 0.31375 Support, will be a sell signal, targeting the 1D MA200 (orange trend-line).
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how knows maybe the next bnb? (BGBUSDT) 💣🚀Hello 🐋
Based on the chart, and Fibonacci indicator and fib supports and many other fundamental sign we expect more gain ✔️
here
the price can shape the parallel channel and see more range market or explosive volume and huge gain 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
if
breakout of the upper resistance zone be completed, we can see more pump to the upside and ATH ✔️🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋