Bitget Token (BGB) is currently trading at $3.48, reflecting a minor increase of 0.31% over the past 24 hours. The token has seen a daily range between $3.47 and $3.50, indicating low volatility with a daily range of just 0.03%.

The trading volume of approximately 83.28 million represents 3.41% of the market cap, suggesting moderate liquidity. Despite this activity, the hourly moving averages show a bearish trend, with the 8 SMA and 13 SMA both decreasing by around 0.30%, indicating short-term selling pressure.

The 1-hour RSI is at 45, which is close to the neutral zone, while the 7-day RSI at 52 indicates a balanced market sentiment. However, the 14-day and 30-day price changes are negative, at -1.42% and -3.59%, respectively, suggesting a bearish trend over the longer term.

Bitget Token's all-time high of $8.45, reached in December 2024, indicates significant room for growth. However, current price action and the downward trends in the longer time frames may hinder upward momentum in the near term.

Given the current technical indicators and the bearish longer-term trends, the recommendation for Bitget Token (BGB) is to Hold. The token's potential for recovery towards its all-time high is limited by the existing bearish momentum, and a clearer reversal signal is needed before considering a Buy.