Bitget Token BGB
Current Price
$2.94 -2.65%
$0.0900 Daily Range (3.06%)
$2.94$3.03
$25.43M Daily Volume
361 BTC
Vol/MktCap: 1.23%
Market Performance
0.03% Relative BTC Volume
The total volume of Bitget Token is $25.43M over the past 24 hours, compared to $88.44B total Bitcoin volume.
Hourly Moving Average
8 SMA $2.97 -1.04%
13 SMA $2.97 -1.13%
21 SMA $2.99 -1.57%
55 SMA $3.03 -2.84%
144 SMA $3.15 -6.72%
Price Performance
-0.75% 1 Hour Change
$2.94 from $2.96
-16.88% 7 Day Change
-$0.4963 from $3.44
-19.56% 14 Day Change
-$0.5751 from $3.52
-18.10% 30 Day Change
-$0.5321 from $3.47
All Time High
December 27, 2024
$8.45 -65.15%
-$5.51 vs. now
24H Change
-55.65M USD -2.63%
-791 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
8.52M BGB
traded over past 24 hours
1.22% 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 $2.96, reflecting a 24-hour change of -2.17%. The daily trading range has been narrow, with a high of $3.03 and a low matching the current price, indicating minimal volatility during this period.
The trading volume stands at approximately $23.79 million, representing 1.15% of the market capitalization. The short-term moving averages (SMA) are trending negatively, with the 8 SMA at $2.98 showing a decline of 0.59% and the 13 SMA at $2.98 down by 0.83%, indicating bearish sentiment in the near term.
Momentum indicators, particularly the RSI metrics, suggest an oversold condition, with the 1-hour RSI at 21 and the 7-day RSI at 32. These figures imply potential for a corrective bounce; however, the significant drop in price over the past week (-16.97%) and the 14-day change of -18.72% indicate ongoing weakness.
The 30-day price change of -17.74% further underscores the bearish trend. Comparatively, the all-time high of $8.45 reached in December 2024 seems distant, suggesting significant price recovery is necessary for long-term investors to see substantial gains.
Given the current technical indicators, the lack of bullish momentum, and the consistent downtrend over recent periods, the recommendation is to Hold BGB. While the oversold RSI levels may indicate a potential for a short-term bounce, the overall market conditions do not support a Buy rating at this time. Selling is also not advised due to potential recovery opportunities; hence, maintaining positions is prudent until clearer bullish signals emerge.
The trading volume stands at approximately $23.79 million, representing 1.15% of the market capitalization. The short-term moving averages (SMA) are trending negatively, with the 8 SMA at $2.98 showing a decline of 0.59% and the 13 SMA at $2.98 down by 0.83%, indicating bearish sentiment in the near term.
Momentum indicators, particularly the RSI metrics, suggest an oversold condition, with the 1-hour RSI at 21 and the 7-day RSI at 32. These figures imply potential for a corrective bounce; however, the significant drop in price over the past week (-16.97%) and the 14-day change of -18.72% indicate ongoing weakness.
The 30-day price change of -17.74% further underscores the bearish trend. Comparatively, the all-time high of $8.45 reached in December 2024 seems distant, suggesting significant price recovery is necessary for long-term investors to see substantial gains.
Given the current technical indicators, the lack of bullish momentum, and the consistent downtrend over recent periods, the recommendation is to Hold BGB. While the oversold RSI levels may indicate a potential for a short-term bounce, the overall market conditions do not support a Buy rating at this time. Selling is also not advised due to potential recovery opportunities; hence, maintaining positions is prudent until clearer bullish signals emerge.
Updated 188 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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