BGB/USDT Bulls Hold Steady as Sellers Ease Off
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BGB/USDT Bulls Hold Steady as Sellers Ease Off

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Azeez Mustapha

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BGB/USDT Price Analysis – June 19

The BGB/USDT shows bulls keeping the price around $4.427, fighting off a small 0.23% drop from sellers today. It’s been a bit wobbly, but buyers might be getting ready to push back up. On the daily chart, BGB hit a high around $6.000 earlier this year but has been sliding down since.

BGB/USDT Key Levels

Support Levels: $4.420, $3.860
Resistance Levels: $5.040, $6.000

BGB/USDT Bulls Hold Steady as Sellers Ease Off

BGB/USDT Long-Term Trend: Bearish (Daily Chart)

It’s now near $4.420, which is acting like a safety net where buyers are stepping in. If that breaks, the next stop could be $3.860 key level . If buyers take charge, they’ll face a challenge at $5.040, with a bigger hurdle at $6.000 significant zone. The sellers have been in control lately, pushing the price down with red candles, and it’s down 0.21% daily as of June 19. But the bulls are showing up around $4.420 price level, buying to stop the fall. This level has held before, so it might attract more buyers.

Right now, it’s a bit of a standoff. The bulls are guarding $4.420 key level, keeping sellers from dropping it further, but the price closed at $4.302 on June 19 with a small dip. The sellers had a strong run after the peak, but they’re slowing down near this support, and buyers are stepping in to catch the fall. Traders might be waiting to see if the price bounces back, maybe hoping for good news or thinking it’s a good deal now. If the bulls push past $5.040, more people might join, aiming for $6.000. But if $4.427 gives way, sellers could drag it down to $3.860 market level. The low Stochastic reading hints that buyers might wake up soon, and smaller traders could be testing this level, looking for a turnaround.

BGB/USDT Bulls Hold Steady as Sellers Ease Off

BGB/USDT Short-Term Trend: Bearish (4-Hour Chart)

On the 4-hour chart, the price is slipping from around $4.650 toward $4.420 key level. The bulls tried to hold at $4.650 price level, but sellers took over, pushing it down with red candles. It’s now close to that $4.420 support zone.

The sellers are winning short-term, but the bulls are gathering at $4.420, buying dips to stop the drop. The Stochastic Oscillator jumped recently, showing some buying interest, which could mean a small bounce soon.

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