- Ethereum leads crypto market surge with 20% weekly gains to $3,575, creating positive momentum for major altcoins including Bitget Token (BGB).
- BGB has gained 14% in the past week and 17% over 30 days, replicating the same bullish fractal pattern that drove BONK to a 113% breakout rally.
- BGB has broken through its downtrendline, reclaimed the 100-day moving average, and climbed above the 200-day MA at $5.04, now trading at $5.05.
- Technical analysis suggests BGB could target $7.88 resistance level, representing 56% upside potential, with the 100-day MA serving as key support.
Date: Sat, July 19, 2025 | 06:50 AM GMT
The cryptocurrency market remains firmly bullish, with Ethereum (ETH) leading the surge — gaining 20% over the past week and now trading near $3,575. This positive momentum is spilling into major altcoins, and Bitget Token (BGB) is now showing strong signals of a potential big move.
The CEX token has climbed 14% in the last seven days, pushing its 30-day gains to 17%. But this isn’t just short-term momentum — BGB has just replicated the same bullish fractal that recently drove Bonk (BONK) to a 113% breakout rally.
BGB Mirrors BONK’s Bullish Breakout — With Confirmation
A side-by-side comparison of BONK and BGB on the daily chart shows 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 — but has now taken the final step:
It has broken through its downtrendline, reclaimed the 100-day MA, and now climbed 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.
What’s Next for BGB?
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.
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