Bitget Token

Date: Mon, Dec 16, 2024, 03:37 PM GMTIn the cryptocurrency market today, major <a href="https://coinsprobe.com/top-altcoins-to-watch-out-for-potential-gains-this-week-ftm-hnt-and-ens-in-focus/" rel="noopener noreferrer nofollow">altcoins </a>are continuing their upside rallies as Bitcoin (BTC) hits a new all-time high of $106K. Riding this wave of bullish momentum, Bitget Token (BGB)—one of the top CEX tokens—has come into the spotlight with impressive gains of over 12% today. Over the past 30 days, BGB has already surged an astounding 146%, catching the attention of traders.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/485c2ade7ebf47a98323b3bdec96f849.png" />Source: Coinmarketcap<h3 id="key-breakout-ahead">Key Breakout Ahead?</h3>With today’s surge of over 12%, BGB is now trading at $3.42, sitting right at a critical resistance zone between $3.37 and $3.50. This level is significant as $3.50 marks the token’s all-time high (ATH). If BGB successfully breaks through this resistance, it could pave the way for a strong rally toward its next psychological level of $4.15—a target that represents nearly 19% upside from the breakout zone.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9261215b7caf4762bafd00e3f0f4aa9e.png" />The price chart also reflects strong momentum, with consistent higher highs and higher lows. Historical price patterns suggest that BGB has previously delivered impressive 19%&#43; gains on similar resistance breakouts.<h3 id="are-more-gains-ahead">Are More Gains Ahead?</h3>BGB remains in a clear bullish mode, as evidenced by its recent performance. In prior instances, breaking through key resistance levels has led to swift price increases averaging around 19%. Should the token successfully surpass $3.50, it is likely to maintain its upward trajectory and aim for higher price milestones.Technical indicators like the RSI (Relative Strength Index) are showing strong buying momentum, currently sitting near 68.95—approaching overbought territory but still leaving room for further gains before a pullback. If the market conditions remain favorable and Bitcoin maintains its strength, BGB could continue to ride this wave and deliver additional upside.<h3 id="conclusion">Conclusion</h3>With strong price action and bullish sentiment in the broader crypto market, Bitget Token (BGB) appears poised for further gains. A successful breakout above $3.50 could act as a catalyst, driving the price toward $4.15 and beyond.However, traders are advised to watch this key resistance zone closely and remain cautious of potential volatility.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read:<a href="https://coinsprobe.com/chainlink-link-gains-momentum-following-key-breakout-is-more-rally-ahead/" rel="noopener noreferrer nofollow"> Chainlink (LINK) Gains Momentum Following Key Breakout: Is More Rally Ahead?</a>

Bitget Token (BGB) Gains Momentum Ahead Of Key Breakout: Are More Gains Ahead?

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