In a changing global cryptocurrency market, Bitget Token (BGB) has stood out, rising by 36% to reach an all-time high of $3.28. This rally happened even though Bitcoin recently dropped to the $96K range, showing BGB’s strength.
BGB is trading at $3.24 and has a market cap of $4.53 billion. Its trading volume increased by more than 109% to $468 million in just 24 hours. The token did well because open interest went up by 32.37% to $39.84 million.
BGB started to rise in August, picked up speed in November, and kept going in December without any big drops. From December 1 to December 11, BGB rose about 113%, going from $1.54 to its highest point. The 4-hour BGB/USDT trading chart shows a strong upward movement.
The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are above positive levels, indicating the possibility of more gains.
Analysts warn that if BGB meets resistance, it might drop, possibly falling to $1.84 or less. BGB has shown strong performance in a tough market, leading to interest in future price predictions and trends for the token.
