Biget Token Price Forecast: BGBUSD Bearish Motion Halts at $4.0

BGBUSD Market Analysis: March 22

Biget Token has been in a persistent downtrend since February following a shift in market direction. However, the bearish momentum has paused upon reaching the $4.0 level, suggesting potential market stabilization.

BGBUSD Key Levels

Demand Levels: $4.0, $1.0
Supply Levels: $8.0, $10.0

Biget Token Long-Term Trend: Bearish

In January, the MACD (Moving Average Convergence and Divergence) indicator signalled weakness as its lines crossed downward, coinciding with the disappearance of the green histogram and the emergence of red histogram bars.

Despite this bearish signal, the price did not decline immediately. Instead, buyers maintained control throughout January, causing sideways movement. However, at the start of February, a bearish shift in market structure occurred, confirming the onset of a downtrend.

Biget Token Outlook: SUIUSD Forecast

At the start of February, the custom daily candles fell below the Smoothed Heikin Ashi candles, reinforcing the bearish trend identified by the MACD. This combination provided reliable crypto signals, which guided the market’s continued decline.

The price eventually reached the $4.0 demand zone, where bearish pressure weakened. Notably, a double bottom pattern has formed at this level, with custom candles now contending with the Smoothed Heikin Ashi candles. This development hints at a potential reversal.

BGB Short-Term Trend: Bullish

On the 4-hour timeframe, the price is displaying strong bullish momentum. If this upward movement persists, it could trigger a bullish reversal on the higher timeframe. The formation of the double bottom at the $4.0 demand zone further strengthens the potential for a recovery, provided bullish momentum remains intact.

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