Bitget Token BGB
Current Price
$1.98 -0.09%
$0.0300 Daily Range (1.52%)
$1.95$1.98
$18.29M Daily Volume
234 BTC
Vol/MktCap: 1.32%
Market Performance
-0.40% 0.00002539 BTC
-0.61% 0.0008 ETH
-0.08% 1.98 USDT
+0.49% 1.38 XRP
+0.93% 0.0031 BNB
0.10% Relative BTC Volume
The total volume of Bitget Token is $18.29M over the past 24 hours, compared to $17.66B total Bitcoin volume.
Hourly Moving Average
8 SMA $1.96 +0.84%
13 SMA $1.96 +0.96%
21 SMA $1.96 +0.86%
55 SMA $1.98 +0.10%
144 SMA $1.94 +2.13%
Price Performance
+0.26% 1 Hour Change
$1.98 from $1.97
+5.69% 7 Day Change
$0.1127 from $1.87
+4.14% 14 Day Change
$0.0820 from $1.90
-0.70% 30 Day Change
-$0.0138 from $1.99
All Time High
December 27, 2024
$8.45 -76.64%
-$6.48 vs. now
24H Change
-4.44M USD -0.32%
-57 BTC
Volume and Supply
Total Supply: 913.93M BGB
699.99M BGB Available76.59% 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
45.65 x BTC Supply = 46:1 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
9.31M BGB traded over past 24 hours
1.33% 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 $1.96, reflecting a slight decline of 1.68% over the past 24 hours. The price has fluctuated between a high of $2.00 and a low of $1.95, with a narrow daily range of 0.05%, indicating low volatility in the short term.
The trading volume over the last 24 hours stands at approximately $18.47 million, representing a volume-to-market cap ratio of 1.34%. This relatively low volume suggests a lack of strong buying interest, which could limit upward momentum in the near term.
Looking at the moving averages, the 8-hour SMA is at $1.96 with a slight increase of 0.14%, while the longer-term 55-hour SMA shows a more significant decline of 0.80% at $1.98. The mixed signals from these indicators indicate indecision in the market, which may lead to continued price consolidation.
The current 1-hour RSI is at 39, signaling that BGB is approaching the oversold territory, which could imply a potential bounce-back if buying interest increases. In contrast, the 7-day RSI at 56 indicates that the token is still within a neutral range, reflecting some resilience in the short to mid-term.
In terms of price movements, BGB has shown a 5.60% increase over the past week, suggesting a short-term bullish trend despite the recent daily decline. However, the 30-day price change of -2.04% highlights longer-term bearish pressure, which may be a concern for traders looking at the broader trend.
Given that the all-time high for BGB was $8.45 in December 2024, the current price represents a significant drop from historical levels, which may attract value buyers. However, without strong upward momentum or an increase in trading volume, the risk of further declines remains.
Overall, the analysis suggests a cautious approach. The current sentiment reflects mixed indicators with short-term resistance at the $2.00 level and support around $1.95. Therefore, I recommend a Hold rating for Bitget Token (BGB), as the potential for a short-term recovery exists but is contingent on increased trading activity and sentiment improvement.
The trading volume over the last 24 hours stands at approximately $18.47 million, representing a volume-to-market cap ratio of 1.34%. This relatively low volume suggests a lack of strong buying interest, which could limit upward momentum in the near term.
Looking at the moving averages, the 8-hour SMA is at $1.96 with a slight increase of 0.14%, while the longer-term 55-hour SMA shows a more significant decline of 0.80% at $1.98. The mixed signals from these indicators indicate indecision in the market, which may lead to continued price consolidation.
The current 1-hour RSI is at 39, signaling that BGB is approaching the oversold territory, which could imply a potential bounce-back if buying interest increases. In contrast, the 7-day RSI at 56 indicates that the token is still within a neutral range, reflecting some resilience in the short to mid-term.
In terms of price movements, BGB has shown a 5.60% increase over the past week, suggesting a short-term bullish trend despite the recent daily decline. However, the 30-day price change of -2.04% highlights longer-term bearish pressure, which may be a concern for traders looking at the broader trend.
Given that the all-time high for BGB was $8.45 in December 2024, the current price represents a significant drop from historical levels, which may attract value buyers. However, without strong upward momentum or an increase in trading volume, the risk of further declines remains.
Overall, the analysis suggests a cautious approach. The current sentiment reflects mixed indicators with short-term resistance at the $2.00 level and support around $1.95. Therefore, I recommend a Hold rating for Bitget Token (BGB), as the potential for a short-term recovery exists but is contingent on increased trading activity and sentiment improvement.
Updated 365 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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