Bitget Token Climbs 14% in Week Mirroring Bonk's 113% Rally

Bitget Token (BGB) has shown strong signals of a potential significant rally, mirroring the bullish fractal that recently drove Bonk (BONK) to a 113% breakout. The cryptocurrency market has been bullish, with Ethereum (ETH) leading the surge, gaining 20% over the past week and now trading near $3,575. This positive momentum has spilled into major altcoins, including BGB, which has climbed 14% in the last seven days, pushing its 30-day gains to 17%.

A side-by-side comparison of BONK and BGB on the daily chart reveals nearly identical structures. BONK broke out of a long-standing downtrendline, reclaimed its 100-day moving average (MA), and surged through its 200-day MA, igniting a 113% rally. BGB has followed the same sequence, breaking through its downtrendline, reclaiming the 100-day MA, and now climbing above the 200-day MA ($5.04), trading at $5.05. This confirms the breakout and signals that the token could be gearing up for a larger move.

With the 200-day MA now reclaimed, the technical structure suggests that BGB could target the next major resistance near $7.88, representing a 56% upside from current prices. If momentum holds and volume continues to rise, this breakout could mark the start of a sustained rally, much like BONK’s surge earlier this month. However, traders should watch the 100-day MA zone as key support; a decisive loss of that level could signal a false breakout. For now, BGB appears technically primed for a continuation rally as long as broader market conditions remain bullish.