Bitget Token BGB
Current Price
$2.41 -6.21%
$0.1800 Daily Range (7.47%)
$2.40$2.58
$24.74M Daily Volume
360 BTC
Vol/MktCap: 1.46%
Market Performance
0.06% Relative BTC Volume
The total volume of Bitget Token is $24.74M over the past 24 hours, compared to $44.11B total Bitcoin volume.
Hourly Moving Average
8 SMA $2.42 -0.44%
13 SMA $2.46 -2.10%
21 SMA $2.50 -3.49%
55 SMA $2.55 -5.53%
144 SMA $2.64 -8.70%
Price Performance
+0.03% 1 Hour Change
$2.41 from $2.41
-20.10% 7 Day Change
-$0.4844 from $2.89
-32.75% 14 Day Change
-$0.7893 from $3.20
-31.24% 30 Day Change
-$0.7529 from $3.16
All Time High
December 27, 2024
$8.45 -71.52%
-$6.04 vs. now
24H Change
-111.23M USD -6.17%
-1,617 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
45.88 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
9.94M BGB
traded over past 24 hours
1.42% 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 priced at $2.43, reflecting a 4.13% decline over the past 24 hours. The daily trading range has been narrow, with a high of $2.58 and a low of $2.40, suggesting a consolidation phase in the short term.
Volume for the past 24 hours stands at approximately $24.37 million, which represents a volume-to-market cap ratio of 1.43%. This indicates lower trading activity relative to its market cap, potentially signaling reduced investor interest at current price levels.
Moving averages show that BGB is trading below all key short-term averages, with the 8 SMA at $2.55 and the 55 SMA at $2.58. These indicators suggest a bearish trend, with significant downward momentum, as reflected in the moving average convergence.
The Relative Strength Index (RSI) metrics indicate extreme oversold conditions, with a 1-hour RSI at 3 and a 7-day RSI at 33. These low values could imply potential for a short-term rebound if buying interest returns, although the persistent downtrend over the last 30 days indicates caution.
Fundamentally, BGB has experienced significant price declines over various time frames, with a 30-day drop of 30.71% and a 14-day drop of 32.02%. Such substantial losses often attract contrarian investors, but the current sentiment appears negative, which could hinder immediate recovery.
Given the technical indicators and the ongoing bearish trend, the price is likely to face resistance around $2.55-$2.58 before any potential recovery. The significant distance from the all-time high of $8.45 further underscores the current market pessimism surrounding Bitget Token.
In conclusion, the analysis indicates that while there may be a potential for a short-term bounce, the overall trend remains negative with significant resistance ahead. Therefore, the current rating for Bitget Token (BGB) is a Sell, as the risks outweigh the potential for immediate gains.
Volume for the past 24 hours stands at approximately $24.37 million, which represents a volume-to-market cap ratio of 1.43%. This indicates lower trading activity relative to its market cap, potentially signaling reduced investor interest at current price levels.
Moving averages show that BGB is trading below all key short-term averages, with the 8 SMA at $2.55 and the 55 SMA at $2.58. These indicators suggest a bearish trend, with significant downward momentum, as reflected in the moving average convergence.
The Relative Strength Index (RSI) metrics indicate extreme oversold conditions, with a 1-hour RSI at 3 and a 7-day RSI at 33. These low values could imply potential for a short-term rebound if buying interest returns, although the persistent downtrend over the last 30 days indicates caution.
Fundamentally, BGB has experienced significant price declines over various time frames, with a 30-day drop of 30.71% and a 14-day drop of 32.02%. Such substantial losses often attract contrarian investors, but the current sentiment appears negative, which could hinder immediate recovery.
Given the technical indicators and the ongoing bearish trend, the price is likely to face resistance around $2.55-$2.58 before any potential recovery. The significant distance from the all-time high of $8.45 further underscores the current market pessimism surrounding Bitget Token.
In conclusion, the analysis indicates that while there may be a potential for a short-term bounce, the overall trend remains negative with significant resistance ahead. Therefore, the current rating for Bitget Token (BGB) is a Sell, as the risks outweigh the potential for immediate gains.
Updated 415 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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