• BGB ranks 23rd with a circulating market cap of $8.18B and an FDV of $11.69B.
• Price surged 18.33% in 24 hours, hitting $5.85, with monthly growth of 224.13%.

The Bitget Token (BGB) has achieved significant milestones, reaching the 23rd rank in cryptocurrency rankings by market capitalization. Its circulating market cap stands at $8.18 billion, with a fully diluted valuation (FDV) of $11.69 billion. 

The token’s current price is $5.85, reflecting an 18.33% increase in the past 24 hours. Trading volume surged by 78.04% to $553.67 million, giving a volume-to-market cap ratio of 6.65%. The circulating supply is 1.4 billion BGB, with a total and max supply of 2 billion.

In the last month, Bitget price has skyrocketed by 224.13%, touching an all-time high of $5.43. This rapid growth highlights increased investor confidence and strong market demand. Such momentum underscores its potential to remain a top performer in the crypto space.

Technical Indicators for BGB

The daily chart reveals key technical levels and momentum signals. BGB’s nearest resistance lies at $6.00. Breaking this level could push the price towards $6.50 or higher. Conversely, the immediate support sits at $5.40. If breached, the price might retrace to $5.00.

The Relative Strength Index (RSI) is at 86.97, signaling overbought conditions. However, its RSI average is at 82.02, indicating sustained bullish momentum. Traders should monitor for potential corrections if overbought pressure persists.

Moving averages show strong upward momentum. The 50-day moving average is significantly below the current price, supporting the bullish trend. Short-term and long-term moving average crossovers confirm upward momentum. This alignment suggests sustained price growth in the near term.

The Chaikin Money Flow (CMF) indicator stands at 0.27, reflecting strong capital inflows. This indicates robust buying interest and investor confidence in BGB’s prospects. Increased volume confirms heightened market activity, which could propel further price action.

If the bullish trend continues, BGB could set new records in the coming weeks. Traders should monitor resistance and support levels for breakout opportunities. Overbought conditions might cause short-term pullbacks, presenting potential entry points.

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