Bitget Struggles to Sustain Rebound as Sellers Reassert Pressure at $3.70 Resistance

Bitget Token trades near $3.55, down 1.11% in the past 24 hours. After a brief corrective rally from oversold conditions beneath $3.32 support, buyers managed to lift price toward $3.70 but encountered renewed selling pressure. The reaction highlights fading bullish strength, with bears regaining control amid broader market uncertainty.

Support Levels: $3.320, $2.800

Resistance Levels: $3.700, $4.180

Daily structure remains bearish, with price contained below a descending channel formed since October’s breakdown. Successive lower highs and lower lows confirm the prevailing downtrend. The most recent recovery wave faltered at $3.70, a former demand pivot now acting as strong resistance.

The ATR (0.133) reflects volatility contraction after sharp declines, signalling stabilization but lacking directional conviction. The Stochastic Oscillator has flattened after crossing into overbought territory, hinting at potential bearish retracement. Traders will monitor the $3.32 floor as the next reaction zone. Sustaining above it may keep consolidation intact, while a breakdown risks a deeper downside toward $2.80.

On the 4 Hour Chart, BGBUSDT trades around $3.55, consolidating after failing to extend higher from short‑term swing highs. Price action reflects tighter range trading between $3.40–$3.70, with candlestick structure showing small bodies and mild upper wicks signalling buying fatigue near resistance.

The Stochastic Oscillator has cooled from earlier overbought readings, reflecting weakening momentum. The ATR (0.035) remains low, confirming declining volatility and strengthening the probability of near‑term range consolidation or minor correction.

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