Bitget Token (BGB) is currently priced at $2.99, showing a slight decline of 2.99% over the last 24 hours. The trading volume of approximately 26.9 million indicates a moderate level of interest, but the volatility has been low, with a daily range of just 0.11%.

Technical indicators reveal a bearish sentiment, with hourly moving averages all displaying negative trends; the 8 SMA is at $3.05, while the 144 SMA has dropped significantly to $3.28, reflecting a long-term downtrend. The RSI metrics are concerning, with the 1-hour RSI at 13 indicating extreme oversold conditions, and the 7-day RSI at 29 suggesting further potential for downside momentum.

From a fundamental perspective, the 7-day price change of -16.09% and the 14-day change of -17.98% highlight a sustained decline in value. The all-time high of $8.45 reached in December 2024 is now a distant target, indicating a significant loss of bullish momentum and investor confidence.

Given the current technical indicators, including the moving averages and RSI levels, alongside the persistent downward price trajectory, the outlook for BGB appears negative. Therefore, the recommendation is to Sell, as further declines are likely until a clear reversal signal emerges.