Bitget token is forming a bullish pattern on chart and this could be potential buy signal.
In this article, we will look at bitget token next target by looking at price target and technicals.
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Bitget Token Next Target
- Price: $3.70 per BGB.
- Market Capitalization: Approximately $4.7 billion.
- 24-Hour Trading Volume: Approximately $144.32 million .
- Circulating Supply: Approximately 1.2 billion BGB.
- Total Supply: Unlimited.
Price remains in an Uptrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. Swing traders could enter on pullbacks to $3.50 support, which lines up with 200-day Moving Average (200 SMA, also support), with upside potential to $5.00. Stop Loss at $3.10.
Technical Indicators
- Price Movement: On March 9, 2025, BGB opened at $4.61, reached a high of $4.68, a low of $4.25, and closed at $4.25.
- 24-Hour Performance: The price declined by approximately 7.8% within the 24-hour period.
- All-Time High: BGB reached an all-time high of $8.45 in December 2024, currently trading about 50% below that peak.
- Trend: Short-term trend is Strong Down, Medium-term trend is Neutral, Long-term trend is Up.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $3.50, then $2.50. Nearest Resistance Zone is $5.00, then $6.00.
Recent Developments
- Token Burn Initiative: In December 2024, Bitget announced plans to burn 800 million BGB tokens, valued at over $5 billion.
- Staking Opportunities: On March 12, 2025, Bitget Wallet launched a 1 million BGB staking pool, offering users a fixed 5% annual percentage yield (APY).
- Proof of Reserves Update: As of March 26, 2025, Bitget updated its Proof of Reserves, reporting a total reserve ratio of 213%, ensuring transparency and security of users’ assets.
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