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.

BGBUSD has performed well after a long consolidation.

Any daily close above $1.25 confirms further bullishness.

JUPUSD prices have surged more than 30% in the past two weeks.  It hit a high of $1.10  and is currently trading around $1.0990. The pair is holding above the short-term (21 and 55-day EMA) and above the long-term moving average (200-day EMA).

The near-term resistance is around $1.25, any indicative breach above will take the pair to $1.50/$2. On the lower side, immediate support is $0.90, and any violation below targets $0.80/$0.690.

Indicators ( 4- hour chart)

Directional movement index - Neutral

It is good to buy on dips around $0.90 with SL around $0.690 for TP of $2.