Basic Attention Token (BAT) Prices Might Fall In Another Bearish Trap Again

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Just like the majority of cryptocurrencies, Basic Attention Token turned all green in today’s market, as there is an overall positive momentum.
  • The BAT/BTC pair is performing negatively with the overall plummet of -1.59%, bringing the level to 0.00002343.

Prices are slightly climbing up and yet they are volatile after they tried to maintain a gradual climb above the level of $0.1600.

The market condition is becoming good and completely this might end up being a good opportunity to recover its recent nature of trading.

There is a gain of $ 1.91% in the prices of cryptocurrency due to the positive nature of the market.

BAT is currently holding onto the support of the price level $0.15200 which is trying its level best to help out prices in developing a gradual positive nature after such fugitive fall. There is a resistance line present at the of $0.1680 which is not allowing prices to make a positive move as currently, they started facing variations in them.

Currently, the price levels are trading in the positive divergence, the market capitalization of BAT is USD 239,957,683 with volume traded of USD 96,255,590 and circulative supply is at 1,457,517,137 BAT.

BAT Price Analysis

bat
Source:tradingview

 The technical chart shows that thereafter a gradual fall with the bearish momentum prices are started correcting them and positive momentum is breaking out but still stumbling.

Technical Indicators are showing a good amount of increase in the buying volume due to the bearish outbreak in the prices.

MACD levels are showing that there is an increase in the buying volume of currency which means that positive momentum can continue can emerge.

RSI is trading with positive momentum and it did enter the bullish zone but now it had acquired a slight flat momentum and currently, it is trading above the level of 50

CCI reached the bullish region of the normal zone after climbing up from the lowest point possible of the normal region.

Resistance Level $0.1650

Support Level $0.1640

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