Bitget (BGB/USDT) Bulls Build Momentum for Breakout Rally

BGBUSDT Price Analysis – October 24

BGB/USDT is showing signs of strength after bouncing from its recent retracement low near $4.18. The token is currently trading at $4.64, posting a 2.59% daily gain, as buyers begin to reassert control and prepare for a potential breakout.

Daily Key Levels:

Resistance: $4.75, $5.62
Support: $4.18, $3.72

BGB/USDT Long-Term Trend- Bullish (Daily Chart)

Bitget token range between $4.18 and $4.75 resistance zone acting as a launchpad for bullish continuation. A breakout above $4.75 would confirm trend reversal and open the path toward $5.62, a level where previous rallies have peaked. The Stochastic Oscillator places BGB in oversold territory, suggesting that selling pressure has likely bottomed out.

Meanwhile, the Money Flow Index at 28.97 indicates that liquidity inflows are beginning to recover, laying the groundwork for a sustained bullish move. With momentum indicators aligning and price action stabilizing, BGB appears poised to challenge overhead resistance and resume its upward trajectory.

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

On the 4-hour chart, BGB is trading at $4.64 within a gently rising channel, reflecting steady accumulation and growing bullish sentiment. The structure suggests that buyers are gradually building momentum for a breakout.

The Stochastic Oscillator is approaching the overbought zone, signaling strong short-term momentum. The MFI at 54.49 confirms that buying pressure is gaining dominance, with liquidity favoring bulls.

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