BGB/USDT Sustains Gains Above $5.60 Support Zone

Bitget Token Price Analysis – October 10

Bitget Token continues to hold firm near its recent highs. The market has been consolidating just above the $5.62 support, a level that has transitioned from resistance following last week’s breakout. The pair trades at $5.65, marking a modest 0.9% intraday decline, yet maintaining positive structure on higher timeframes.

BGB/USDT Key Levels:

Support: $5.62 $4.75
Resistance: $5.90 $6.75

Price action has steadily advanced from August’s $4.75 base, forming a series of higher lows, establishing a clear ascending structure typical of reaccumulation behavior within a bullish expansion phase. The momentum indicator remains positive at +0.43 confirming underlying strength and persistence of upward pressure.

The current trend suggests BGB remains in a bullish consolidation phase ahead of potential directional expansion, with the $5.62 area. The price acting as a pivot for continuation or deeper retracement. Momentum remains in favor of buyers, evidenced by consistent higher highs on the daily framework and increasing market flow within the midrange.

Bitget Token Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour timeframe supports the consolidation narrative. BGB trades within a tight ascending range oscillating between $5.62 support and $5.85 resistance. The minor retracement from $5.68 toward current levels appears corrective rather than impulsive, suggesting accumulation beneath local resistance.

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