Is It Too Late to Buy Bitget Token? BGB Price Skyrockets 20%, but How Does It Compare to This New Unreleased Crypto Casino Project?
Bitget token has exploded +20% in a stunning move, but as BGB price hits a new all-time high, is it too late to buy Bitget token?
With the emerging exchange token hammering up to a new all-time high (ATH), BGB price has broken out into an exciting phase of price discovery.
Top 7 #cryptocurrency performers over the past 24 hours from the top 100, in order:$BGB$MKR$FXS$BTT$MNT$PAXG$XAULT
Usually I list the top 10 but there are only 7 tokens with an increase for the past day.#investing #DeFi #Crypto pic.twitter.com/AboD16YNOm
— Force Crypto 365 (@Forcecrypto365) November 14, 2023
This has landed Bitget as the top performing cryptocurrency over the past 24-hours, with the number of BGB holders also rising to a consequent all-time high.
Following the sudden +20% move, Bitget token is currently trading at a market price of $0.53 (representing a 24-hour change of -5.66%).
The ongoing localized retracement move was triggered by resistance at the new ATH around $0.58, after BGB’s magnificent +20% pump from lower support at the 20DMA.
Indeed, the 20DMA (sat at $0.48) has provided critical support to the past week of BGB price structure, after breaking above the 200DMA (sat t $0.45) in a golden cross pattern on November 5.
Retracement can draw upon lower support at $0.51 in the event of a deeper retracement, although now in price exploration territory, a new support layer appears to be emerging around a psychological $0.50 price level.
Despite the localized retracement move, the RSI remains significantly overheated at 68.35, suggesting BGB price needs to retrace and consolidate lower than ongoing overbought levels.
The MACD contrasts this view however, with bullish divergence at 0.00625 – suggesting price action still has strong momentum
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