BGB Price Rises 14%, Eyes New ATH Amid Investor Doubts | Airdrop Alert Pro

BGB’s price action has shown resilience, rising 14% in the past 24 hours despite a sharp correction in late December 2024.

This surge reflects the cryptocurrency’s attempt to recover and form new all-time highs (ATH). However, investor sentiment remains skeptical, casting doubt on the altcoin’s long-term recovery prospects.

BGB holders are bearish

Peripheral market sentiment BGB has transformed The first negative reading since mid-November suggests investor caution. Weighted sentiment, a key indicator, points to growing skepticism as many traders question the sustainability of BGB’s recovery. This negative sentiment follows a correction in December, which affected holder confidence.

This bearish outlook is further fueled by a lack of optimism among long-term investors. important price volatility That dampened hopes for a quick recovery and made market participants wary of investing more money. For BGB to regain investor confidence, it needs a clear signal of continued bullish momentum.

Despite widespread skepticism, technical indicators suggest the bearish trend may be nearing an end. The Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bullish crossover. If confirmed, this could signal a shift in momentum, reigniting buying interest in BGB.

MACD Bullish Crossover for BGB maintain Current recovery status. New momentum will provide the foundation needed for the altcoin to get closer to breaking out of its highest peak. Without this, market uncertainty may continue to significantly impact prices.

BGB Price Prediction: Formation of New ATH

BGB price After successfully establishing support at $5.73, it surged 14% to $7.22 in the past 24 hours. This rapid recovery reflects the altcoin’s ability to attract short-term interest, but further growth depends on overcoming key resistance levels.

For BGB to reach a new ATH, it must break above the current high of $8.49. Achieving this milestone would require an 18% price increase from current levels. However, mixed signals in the market could present challenges, and this level of resistance could test investors’ commitment.

If broader market cues turn bearish or investors choose to take profits, BGB price A break below the $5.73 support is possible. A drop to $4.90 would invalidate the bullish outlook, raising concerns about whether the altcoin can sustain recovery efforts.