Bitget Token BGB
Current Price
$3.45 -0.16%
$0.0500 Daily Range (1.45%)
$3.44$3.49
$93.61M Daily Volume
1,083 BTC
Vol/MktCap: 3.87%
Market Performance
0.18% Relative BTC Volume
The total volume of Bitget Token is $93.61M over the past 24 hours, compared to $52.41B total Bitcoin volume.
Hourly Moving Average
8 SMA $3.46 -0.17%
13 SMA $3.45 -0.13%
21 SMA $3.46 -0.21%
55 SMA $3.49 -1.07%
144 SMA $3.54 -2.46%
Price Performance
-0.55% 1 Hour Change
$3.45 from $3.47
-4.19% 7 Day Change
-$0.1447 from $3.59
-2.87% 14 Day Change
-$0.0990 from $3.55
-6.32% 30 Day Change
-$0.2181 from $3.67
All Time High
December 27, 2024
$8.45 -59.13%
-$5.00 vs. now
24H Change
-4.69M USD -0.19%
-54 BTC
Volume and Supply
Total Supply: 919.99M BGB 
699.99M BGB Available76.09% 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
46.08 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
27.02M BGB
traded over past 24 hours
3.86% 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 $3.44, reflecting a minor decline of 1.63% over the past 24 hours. The trading volume stands at approximately $75.12 million, with a volume-to-market cap ratio of 3.12%, indicating moderate liquidity but a relatively low market dominance.
The daily price range has been tight, with a high of $3.50 and a low of $3.44, suggesting limited volatility in the short term. Technical indicators show bearish sentiment, with the 8, 13, and 21-period Simple Moving Averages (SMA) all trending downwards, particularly the 144 SMA, which has seen a decline of 3.06% from its previous levels.
Momentum indicators like the 1-hour RSI at 44 and the 7-day RSI at 40 indicate oversold conditions, potentially signaling a reversal in the near term. However, the 7-day price change of -3.62% and the 30-day change of -6.96% suggest a longer-term bearish trend, which could continue to exert downward pressure.
Given that BGB's all-time high of $8.45 was reached nearly a year ago, the current price reflects significant retracement. Investors should take note of the deteriorating momentum and the broader market context, as prevailing bearish sentiments might limit upside potential in the short term.
Considering the current technical setup and momentum indicators, a cautious approach is warranted. Therefore, the recommendation is to Hold BGB at this time, as a potential consolidation phase may allow for a better entry point in the future, while monitoring for bullish reversal signals.
The daily price range has been tight, with a high of $3.50 and a low of $3.44, suggesting limited volatility in the short term. Technical indicators show bearish sentiment, with the 8, 13, and 21-period Simple Moving Averages (SMA) all trending downwards, particularly the 144 SMA, which has seen a decline of 3.06% from its previous levels.
Momentum indicators like the 1-hour RSI at 44 and the 7-day RSI at 40 indicate oversold conditions, potentially signaling a reversal in the near term. However, the 7-day price change of -3.62% and the 30-day change of -6.96% suggest a longer-term bearish trend, which could continue to exert downward pressure.
Given that BGB's all-time high of $8.45 was reached nearly a year ago, the current price reflects significant retracement. Investors should take note of the deteriorating momentum and the broader market context, as prevailing bearish sentiments might limit upside potential in the short term.
Considering the current technical setup and momentum indicators, a cautious approach is warranted. Therefore, the recommendation is to Hold BGB at this time, as a potential consolidation phase may allow for a better entry point in the future, while monitoring for bullish reversal signals.
Updated 414 minutes ago.
Bitget Token Relative Price at Market Cap of:
Bitget Token TradingView Chart
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