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

Price Analysis: November 13

Bitget Token is trading at $3.99 (–1.75%), consolidating just below the $4.18 resistance after a multi-week decline from the $4.75 October high. Price action has settled into a tight range between $3.72 support and $4.18 resistance, with a brief dip toward $3.32 earlier in the month.

Bitget Key Levels

Resistance Zones: $4.75, $5.63
Support Zones: $3.72, $3.32

Bitget Long-Term Trend – Bearish (Daily Chart)

The daily RSI sits at 37.75, with its moving average at 36.31 still in bearish territory, but flattening near the oversold threshold. This suggests downside momentum is fading, and the market may be preparing for a shift.

The ATR at 0.228 confirms that volatility has compressed since October’s selloff, often a precursor to directional expansion. While the trend remains bearish, the structure is stabilizing. A decisive close above $4.18 would break the lower-high sequence and open the path toward $4.75.

Bitget Short-Term Trend – Bearish (4-Hour Chart)

Zooming into the 4-hour frame, BGB trades nearly flat near $3.992 (–0.40%), consolidating within a narrow band between $3.72 and $4.18. The RSI at 40.45 reflects neutral momentum, while ATR at 0.054 confirms low volatility a classic setup for range-bound trading.

A breakout above $4.18 with volume could trigger a squeeze toward $4.75. On the flip side, a breakdown below $3.72 may invite a retest of $3.50 or $3.32 key zone.

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