BGB Token Price Faces Fresh Pressure to Fall Under $1 After Bitget Hack

BGB token price is back under pressure as the token struggles below the $2.0-$2.20 resistance belt. That zone closely tracks the middle trendline of a falling wedge that has been developing since late 2024, when BGB peaked near $8.50.BGB Token Price Stays Trapped Below ResistanceThe setup looked less bleak in July 2026, when BGB briefly started climbing. But the recovery has since run into a much uglier backdrop. The $357 million Bitget hack has changed the conversation around the token, with trust now becoming a major concern for traders and investors.For BGB, that matters. Technical patterns can attract buyers, but confidence can disappear much faster than a trendline can recover.Bitget Hack Adds Another Layer Of Selling PressureThe recovery picture has also been clouded by questions surrounding the stolen funds. Updates indicate that fund recovery doesn’t appear to be in a healthy state, while the Bitget hacker is reportedly swapping stolen ETH into BTC from the $387.5 million exploit.Lookonchain flagged the movement, suggesting the attacker is rotating stolen ETH into a harder-to-freeze asset before potential further laundering attempts.Meanwhile, Bitget has resumed withdrawals in phases and says users will be fully covered whether the stolen funds are recovered or not.Can BGB Fall Below The $1 Support?That’s where the technical and sentiment picture starts getting uncomfortable. If BGB token price fails to reclaim the $2.0-$2.20 resistance belt, selling pressure could intensify.A break below the $1.0 support would put the token in a much weaker position. The falling wedge remains the broader technical structure, but the hack has introduced a fundamental confidence problem that charts can’t simply erase.For now, BGB token price is caught between a long-running bearish structure and a damaged market narrative. Whether buyers can restore momentum remains the key question.