Are you thinking about investing in Bitget’s native token BGB, but not sure if it’s the right time? You’re not alone. After getting rejected hard at the $4.65 resistance, the BGB price has returned to retest the $4.41 support level. Momentum’s shifted, with RSI hanging around oversold territory and MACD flashing more bearish than bullish signals lately. So, is this just a healthy pullback or a sign of more pain to come? Let’s walk through the last 24 hours of price action and see what the charts say.
BGB Price Analysis: Bulls Lose Grip as Support Level Gets Retested
The BGB Price kicked off on April 23rd with a confident move upward, steadily climbing within a rising channel until around 06:30 UTC. This early momentum pushed prices toward the $4.60 range, hinting at a potential test of the broader resistance zone near $4.65. However, that rally quickly ran out of steam. A short downtrend followed, pulling Bitget token prices lower and setting up a sideways trading range between $4.52 and $4.60 by 08:00 UTC. Despite a strong attempt to break above $4.65 around 13:30 UTC, the pair was sharply rejected, signaling heavy selling pressure at higher levels.
Chart 1, Analyzed by Alokkp0608, published on April 24th, 2025.
That rejection marked the start of a new downtrend. BGBUSDT dropped swiftly through a descending channel, touching a low near $4.475 around 15:30 UTC. The good news? It stayed above the key support at $4.41, showing buyers weren’t entirely out of the game. Indicators reflected the shift, RSI drifted toward oversold zones, and the MACD leaned bearish across this stretch. The BGB Price action flattened afterward, leading into a quiet consolidation phase. The market lacked clear direction, hovering in a tight band between $4.44 and $4.49, and traders seemed to hold back, waiting for the next cue.
From late on April 23rd into the early hours of April 24th, the pair continued to move sideways without much excitement. RSI hovered in the lower-mid range, sometimes dipping into oversold territory, while the MACD remained indecisive with minor bullish and bearish shifts. This stretch suggested the market was undecided, with neither buyers nor sellers taking control. Bitget Token seemed stuck, struggling to break through short-term resistance at $4.50 or dip decisively below $4.44.
BGB Price Prediction: What is Next For Bitget?
That calm was broken around 08:30 UTC on April 24th when the Bitget token suddenly dropped again, slamming into the $4.41 support. This sharp move reinforced just how fragile the recent range had become. RSI once again sank into oversold territory, and MACD leaned bearish. BGB Price could quickly slide toward $4.37 or lower if this support gives way. Conversely, bulls will need to reclaim $4.50 and push past $4.57 to even think about shifting momentum back in their favor. All eyes are now on $4.41; a break below it could set the stage for a deeper correction.
BGB on the Edge: Will Support Hold or Slip?
BGB is sitting right on the edge at $4.41, and what happens next could shape the short-term outlook significantly. The charts aren’t offering much comfort, RSI’s still near oversold, and MACD hasn’t flipped bullish. We could see a slide toward $4.37 or even $4.32 if this support cracks. But if buyers step in and defend this level, there’s still a shot at bouncing back toward $4.50 and beyond. Right now, it’s a bit of a waiting game. BGB Price prediction suggests traders should closely observe confirmation signals from the MACD and RSI indicators, as well as overall market trends, to anticipate its next move
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