BGB Forecast: $6 is not the limit

At the time of writing this analysis, BGB is trading at $6.80. Over the last 24 hours, it has increased by 17.8%.

The daily chart (attached below) shows that the token continues to form higher lows and higher highs. As a result, the Awesome Oscillator (AO), which tracks the momentum of the cryptocurrency, is also rising — this is a signal that the momentum is bullish.

If the situation does not worsen, BGB is likely to continue rising in the near future. It is quite possible that it will reach the level of $7, and in an extremely optimistic scenario, it may even rise to $10.

However, if market participants begin to sell off the altcoin to secure profits, the selling pressure will deprive BGB of the chance to conquer new highs. In this case, the token's price risks collapsing to $3.64. $BNB $FTT $MOVE