BAT Price Analysis: BAT Coin Sets Lifetime High Of $1.16

BAT This just a beginning of a positive trend
  • BAT coin bounced back from $0.73 to $1.0. on Wednesday’s trading session
  • The 24-hour volume in BAT is at $2,092,844,575 with a 470% increase
  • The BAT/BTC pair was trading at 0.00001817 BTC with a gain of 27%
Source: BAT/USD on TradingView

The 4-hour technical chart of BAT coin projects an uptrend. According to pivot points, BAT’s critical support level is placed at $0.73. Whereas if it moves up, the key resistance level to watch is $1.03. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern. Represents that bulls are in control.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also above SMA-100 (red). Investors may perceive a positive crossover in SMA-20 and SMA-50, and the price will also follow the positive trend.

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RSI indicator (OVERBOUGHT), with a value of 70, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 39 to 70 in the index, which may cool down in future trading sessions.

BAT Coin Spike Is This Just a Beginning?

BAT coin price traded at $1.0 with a gain of 28.70% in the last 24-hour and 34.20% up in the weekly time-frame. Furthermore, The BAT coin bounced back from the support of $0.73. In contrast, the market capitalization stands at $1 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the price movement can be above the resistance of $1.03.

Resistance: $1.03

Support: $0.73

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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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