Ceva's 15-minute chart recently displayed a notable bullish trend, as the KDJ indicator triggered a Golden Cross and a Bullish Marubozu pattern on September 4, 2025 at 13:15. This indicates that the momentum of the stock price is shifting in favor of an upward trajectory and is likely to continue increasing. The buyers have taken control of the market, and the bullish momentum is expected to persist.
Bitget Token (BGB) has shown significant price movements in recent weeks, with notable developments impacting its supply and market perception. As of September 2, 2025, BGB is trading at $4.97, consolidating after a sharp spike towards $5.50 earlier in the week. This move was triggered by Bitget's announcement of a major supply cut and a strategic partnership with Morph, leading to increased demand and price volatility [1].
The daily chart of BGB indicates that the token is currently pushing against the top edge of a long-term descending triangle, with the price briefly reaching $5.30 before retreating to $4.97. This pattern suggests that the token is testing resistance at the triangle's upper boundary. The 20-day and 50-day Exponential Moving Averages (EMAs) are clustered around $4.70 and $4.62, respectively, serving as key support levels. If BGB breaks through $5.35, it could lead to a potential price increase to $6.00 in the coming weeks [1].
The Relative Strength Index (RSI) is close to 60, indicating a bullish market sentiment without being overly overextended. This suggests that buyers may continue to drive the price upwards if they can push through immediate resistance levels. Additionally, the recent supply shock, with 220 million BGB tokens burned and another 220 million locked in a new wallet, has significantly reduced the token's circulating supply. This move, tied to the Morph network's activity, positions BGB as a deflationary token, similar to BNB and OKB, which have historically supported long-term price increases [1].
On the 4-hour chart, the Supertrend indicator flipped bullish near $4.72, indicating a potential trend reversal. However, price consolidation under the $5.34 line suggests that the token remains vulnerable. A failure to reclaim $5.20β$5.35 quickly may leave BGB susceptible to another test of $4.70 support. Conversely, a clean retest and bounce above $5.35 would restore momentum and set sights on $5.80β$6.00 [1].
In conclusion, Bitget Token's outlook depends on whether the market can sustain the bullish momentum from its record supply reduction. The burn and Morph partnership provide strong fundamentals, but technical resistance near $5.35 remains a significant hurdle. If bulls can hold the price above $4.70 and push through $5.35, the path opens towards $6.00 in the near term. However, a loss of $4.62 could expose the $4.47 base, potentially leading to a deeper retracement [1].
References:
[1] https://coinedition.com/bitget-token-bgb-price-prediction-for-september-2-2025/
Comments
ο»Ώ
No comments yet