Bitget Burns 60M $BGB, Price Up 3% – $6 Next?

Bitget Token ($BGB) is currently trading at $4.62 , up 1.6% in the last 24 hours and 3% over the past ￰0￱ stayed tight, with a 24-hour range between $4.46 and $4.62, suggesting moderate and controlled volatility as liquidity clustered near recent support. 24-hour volume sits near $161 million on the day, consistent with a cooling of activity versus prior spikes.), BGB outperformed major CEX tokens like $BNB $MNT and $OKB with a whopping 450% gain in… ￰1￱ — INC (@Incncrypto) August 19, 2025 That outperformance sets up the real question: what’s actually driving it? Behind those numbers is a verifiable burn tied to real on-chain activity, expanding product rails, and a platform-scale frame for the $BGB token with both limited supply and growing touchpoints across the Bitget ecosystem and that of other exchange-token ￰2￱ Token Breaks Out of Double Bottom, Eyes Measured Move Toward $6.00 Bitget Token ($BGB) is showing early signs of a technical breakout after forming a classic double-bottom structure on the 4-hour ￰3￱ pattern was marked by two lows around $4.30 and a neckline resistance near $5.20, which details a potential reversal after days of consolidation. $BGB/USDT price chart, August 26 () An aggressive pump above this neckline could confirm the return of bulls and reactivate the projected target near $6.00, aligning with the pattern’s measured ￰4￱ 20, 50, and 100-period simple moving averages (SMAs) are beginning to converge, a sign that volatility compression may soon give way to directional ￰5￱ price of $BGB is just below the 20-SMA ($4.62) after bouncing from the ￰6￱ is an important dynamic that suggests a battle between short-term recovery attempts and medium-term resistance.

Furthermore, the RSI is climbing steadily and has just breached the 50 mark, a level that often acts as a bullish threshold. Meanwhile, the MACD histogram is tapering off from its recent lows, and the signal line is inching toward a possible bullish crossover—a setup that typically precedes upward ￰7￱ 15-minute volume footprint chart adds further insight into the immediate demand-supply dynamics. A cluster of high-volume nodes between $4.60 and $4.66 shows significant effort from both buyers and sellers. However, the most recent delta reads and volume clusters tilt slightly in favor of the bulls, with aggressive buying surfacing toward the upper end of the local range.

Still, the lack of sustained bid follow-through on $BGB beyond the $4.67–$4.70 zone hints at near-term resistance that must be ￰8￱ its observed here is that $BGB’s bullish reversal structure remains technically valid, but the path to $6.00 clearly hinges on a clean breakout above the $5.20 ￰9￱ volume pick up and momentum sustain above short-term moving averages, this pattern could shift from potential to reality in the sessions ahead.