The altcoin BGB has shown resilience by rising 14% in the past 24 hours despite a recent correction in December 2024. However, investor sentiment remains skeptical, and the market sentiment has turned negative, indicating caution among investors. The lack of optimism from long-term investors and significant price volatility has dampened hope for a swift recovery. Technical indicators suggest that the bearish trend may be ending, with the Moving Average Convergence Divergence (MACD) indicator showing signs of a potential bullish crossover. A bullish crossover on the MACD is critical for BGB to sustain its recovery and move closer to breaking its all-time high. The altcoin's price has reached $7.22 but needs to surpass the current high of $8.49 to achieve a new all-time high, facing resistance at this level. If broader market cues turn bearish or investors secure gains, BGB's price could fall below the $5.73 support and raise concerns about its recovery efforts.



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