Diamond Hill's 15min chart sees RSI Overbought, Bearish Marubozu signal.

Diamond Hill's 15-minute chart indicates an overbought condition in the Relative Strength Index, coupled with a bearish Marubozu candle at 09/04/2025 11:30. This suggests that the stock price has risen too quickly, outpacing its underlying fundamentals and indicating that sellers are in control of the market. As a result, it is likely that bearish momentum will persist.

Bitget Token (BGB) has been trading at $4.97 as of September 2, 2025, following a recent spike towards $5.50. The price movement was driven by Bitget's announcement of a major supply cut and a strategic partnership with Morph, which has led to a consolidation phase. The token is currently testing the upper edge of a long-term descending triangle, with key support levels at $4.70 and $4.62 [1].

The 20-day and 50-day Exponential Moving Averages (EMAs) are clustered around $4.70 and $4.62, respectively, indicating strong support at these levels. If the price breaks through $5.35, it could signal a breakout and potentially lead to a price increase towards $6.00 in the near term. The Relative Strength Index (RSI) is currently close to 60, suggesting a bullish but not overly exuberant market sentiment [1].

A significant development in BGB's fundamentals is the burning of 220 million tokens, equivalent to $1.09 billion, and the locking of another 220 million tokens in a new wallet. This supply shock has reduced the circulating supply and linked future burns to activity on the Morph network. As part of the partnership, BGB will serve as Morph's gas and governance token, positioning it within a larger ecosystem. This move places BGB in the same category as deflationary exchange tokens like BNB and OKB, which have historically supported long-term price increases [1].

Technical indicators on the 4-hour chart show a bullish Supertrend near $4.72, but the price is consolidating under the $5.34 line. The Directional Movement Index (DMI) readings indicate fading short-term trend power. A failure to reclaim $5.20–$5.35 quickly may leave BGB vulnerable to another test of $4.70 support. Conversely, a clean retest and bounce above $5.35 would restore momentum and set sights on $5.80–$6.00 [1].

The outlook for BGB depends on whether the market sustains the bullish momentum from its record supply reduction. Strong fundamentals, such as the burn and Morph partnership, provide a positive backdrop. However, technical resistance near $5.35 remains a key hurdle. If bulls hold price above $4.70 and push through $5.35, the path opens towards $6.00 in the near term. Conversely, losing $4.62 could expose the $4.47 base, a critical level that must hold to prevent a deeper retracement [1].

References:
[1] https://coinedition.com/bitget-token-bgb-price-prediction-for-september-2-2025/