Bitget Token (BGB/USDT) Rally Pauses As Price Enters Corrective Phase

BGB/USDT Price Analysis – Bitget Strong Recovery from Lows Stalls

Bitget Token’s (BGB/USDT) strong recovery from the bottom of its trading range has been halted, with the price now entering a corrective pullback. While the underlying momentum from the recent rally remains positive on the daily chart, sellers have seized control of the short-term price action after defending key resistance. This has created a period of indecision as the market determines whether the pullback is a healthy consolidation or the start of a deeper correction.

Bitget Token Key Levels

Support Levels: $4.180, $3.710
Resistance Levels: $4.750, $5.620

Bitget Token Long-Term Trend: Bullish (Daily Chart)

The daily chart for BGB/USDT continues to show a market that is operating within a wide, long-term consolidation range. The latest major move was a strong bounce from the $4.184 support zone in early August, which saw buyers drive the price up with conviction. However, this bullish advance has since stalled and is now undergoing a correction.

Currently trading at $4.665, the asset is pulling back from its recent highs. This indicates that while buyers were strong enough to defend the range lows, sellers remain active in the upper portion of the range, thus maintaining the neutral, range-bound market structure. The current pullback is testing the resolve of the recent rally.

The Momentum indicator, while still positive at 0.386, has clearly peaked and is declining, signaling that the force behind the rally is fading. Similarly, the Stochastic oscillator is in the middle of its range and is showing signs of a potential bearish crossover, which would serve as further confirmation that the immediate upward momentum has been lost.

Bitget Token Short-Term Trend: Bearish (4-Hour Chart)

The immediate trend is now bearish. The failure of buyers to sustain the push higher has invited profit-taking and fresh selling pressure, shifting the path of least resistance to the downside. The bears are now in control, pushing the price back towards the lower support levels.
The indicators on this timeframe confirm the bearish control.

The Momentum indicator has crossed into negative territory at -0.056, confirming that the short-term trend is being driven by selling pressure. The Stochastic oscillator is in the lower part of its range at 33.38 / 29.26 and is approaching oversold conditions. This confirms the strength of the recent decline but also suggests that the selling pressure might be due for a pause soon, potentially leading to a period of consolidation.

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