FxWirePro- BGBUSD (Chart of the day)

BGB is the platform token of Bitget, designed to create a simple, secure, and accessible crypto ecosystem. It offers exclusive perks to holders so that we can grow together.

Any daily close above $1.5 confirms further bullishness.

BGBUSD gained more than 15% in the past three days. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $1.3138 and is currently trading around $1.2860.

The bullish invalidation can happen if the pair closes below $0.78. On the lower side, the near-term support is $1.20. Any close below targets of $1/$0.78.

The pair's near-term resistance is around $1.50. Any breach above confirms minor bullishness. A jump to $1.75/$2 is possible. A surge past $2 will take it to $2.50/$2.75.

It is good to buy on dips around $1.10 with SL around $0.78 for TP of $2.

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