Bitget Token BGB
Current Price
$2.16 -0.41%
$0.0200 Daily Range (0.93%)
$2.15$2.17
$18.96M Daily Volume
283 BTC
Vol/MktCap: 1.26%
Market Performance
0.04% Relative BTC Volume
The total volume of Bitget Token is $18.96M over the past 24 hours, compared to $43.68B total Bitcoin volume.
Hourly Moving Average
8 SMA $2.16 +0.09%
13 SMA $2.16 +0.04%
21 SMA $2.16 +0.04%
55 SMA $2.17 -0.46%
144 SMA $2.20 -2.04%
Price Performance
+0.21% 1 Hour Change
$2.16 from $2.16
-6.27% 7 Day Change
-$0.1354 from $2.30
-8.81% 14 Day Change
-$0.1903 from $2.35
-36.97% 30 Day Change
-$0.7985 from $2.96
All Time High
December 27, 2024
$8.45 -74.47%
-$6.29 vs. now
24H Change
-6.28M USD -0.41%
-94 BTC
Volume and Supply
Total Supply: 916.93M BGB 
699.99M BGB Available76.34% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
45.85 x BTC Supply46:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
8.78M BGB
traded over past 24 hours
1.25% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Bitget Token AI Market Analysis
Bitget Token (BGB) is currently trading at $2.16, experiencing a modest 24-hour price change of 0.77%. The daily range has been tight, with a high of $2.17 and a low of $2.14, indicating a lack of volatility in the short term.
The trading volume over the last 24 hours stands at approximately 19.13 million, representing a 1.27% ratio of the market cap, suggesting moderate interest among investors. Moving averages indicate a bearish sentiment, with the 55 SMA at $2.18 showing a decline of 0.80% and the 144 SMA at $2.21 indicating a steeper drop of 2.21%.
In terms of momentum, the 1-hour RSI is neutral at 50, while the 7-day RSI at 43 reflects oversold conditions, potentially indicating a rebound opportunity. However, longer-term trends are concerning, with the 7-day, 14-day, and 30-day price changes showing significant declines of -7.43%, -10.90%, and -37.05%, respectively.
Given the current technical indicators, BGB's price appears to be in a consolidation phase with resistance near the 55 SMA and 144 SMA. The proximity of the price to key moving averages suggests that a breakout above $2.18 could signal a bullish trend, but the overall negative price momentum raises concerns.
Considering the fundamental and technical analysis, BGB is currently at a critical juncture. The lack of bullish momentum, alongside significant recent declines, supports a cautious approach.
Recommendation: Hold. This rating is based on the current price proximity to moving averages, oversold RSI, and recent negative price action, indicating potential for either consolidation or a short-term rebound, but not a strong buy signal at this time.
The trading volume over the last 24 hours stands at approximately 19.13 million, representing a 1.27% ratio of the market cap, suggesting moderate interest among investors. Moving averages indicate a bearish sentiment, with the 55 SMA at $2.18 showing a decline of 0.80% and the 144 SMA at $2.21 indicating a steeper drop of 2.21%.
In terms of momentum, the 1-hour RSI is neutral at 50, while the 7-day RSI at 43 reflects oversold conditions, potentially indicating a rebound opportunity. However, longer-term trends are concerning, with the 7-day, 14-day, and 30-day price changes showing significant declines of -7.43%, -10.90%, and -37.05%, respectively.
Given the current technical indicators, BGB's price appears to be in a consolidation phase with resistance near the 55 SMA and 144 SMA. The proximity of the price to key moving averages suggests that a breakout above $2.18 could signal a bullish trend, but the overall negative price momentum raises concerns.
Considering the fundamental and technical analysis, BGB is currently at a critical juncture. The lack of bullish momentum, alongside significant recent declines, supports a cautious approach.
Recommendation: Hold. This rating is based on the current price proximity to moving averages, oversold RSI, and recent negative price action, indicating potential for either consolidation or a short-term rebound, but not a strong buy signal at this time.
Updated 363 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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