Bitget Token (BGB/USDT) Momentum Slows, Setting Up for Potential Recovery

Bitget Token Price Analysis: November 6

Bitget Token is trading at $4.03 (–2.7%), caught between $4.18 resistance and $3.72 immediate support after a sharp slide from the $4.75 mid-October range. This level represents a retracement base, where price briefly wicked down toward $3.32, only to recover swiftly. This is a sign that bids still exist beneath current market levels.

Bitget Key Levels

Resistance Zones: $5.63, $5.40
Support Zone: $3.72, $3.32

Bitget Long Term Trend- Bearish (Daily Chart)

The daily PPO confirms that momentum remains bearish, but histogram bars are now contracting, signaling decelerating downside pressure. This slowing momentum is consistent with the kind of stabilization that often follows a heavy corrective phase.

The Accumulation/Distribution line, although slightly off its recent peaks, holds steady around 2.44B. This suggest that the selloff might have been driven more by speculative short-term exits than by meaningful long-term distribution.

Bitget Short Term Trend- Bearish (4hour chart)

Zooming into the 4-hour frame, the token trades nearly flat near $4.03 (–0.2%) after bouncing violently from $3.32 last week. The short-term resistance at $4.18 now caps upward momentum. This level also aligns with the PPO hovering just below neutral, where weak bullish momentum is trying to overcome preceding declines.

The Accum/Dist value shows a mild uptick (1.75B), indicating early signs of re-accumulation, though not yet enough to confirm trend reversal. The structure remains in recovery mode within a broader downtrend a textbook example of relief consolidation after a sharp fall.

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