Home
News
•BAT/USD is currently priced at $0.44 and has increased by 3.74% over the past day
•The trading volumes have increased by 3.84% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: BAT looks to ward off the selling pressure
The BAT Token price today is $0.445767 USD with a 24-hour trading volume of $44,569,690 USD. BAT is up 3.74% in the last 24 hours. The trading volumes have increased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.06683 for the altcoin.
BAT is in an uptrend as it has been able to stage an early month strong rally. The asset is climbing through the ranks as is demonstrated by BAT price currently transacting above the 20,50 SMA. The four-hour time frame highlights that bulls need to move prices above the all-important $0.50 level to relieve short-term selling pressure. A move above this level would be a major psychological boost for the bulls beyond which they’ll be looking to target the resistance levels placed further away at $0.60. On the flip side, a move below the support level located at $0.40 would be a big blow to the bulls’ aspirations and could signal a trend reversal in the altcoin.
Long Term View for BAT
The green histograms are continually gaining traction on the daily chart which signals a positive outlook for BAT Token. The MACD and signal lines are transacting in the negative zone and the gap is widening between the two as well. This is a major boost for the bulls who will aim to take the asset towards greater heights. Moreover, the RSI stands poignantly placed at 61.55 and the bulls will be looking to venture into the overbought territory as they tighten their grip on the market.
Conclusion
The BAT Token price amid the current bullish trend signals the continuation of the strong uptrend. Most of the indicators in all the time horizons are bullish and indicate the possibility of testing the upward resistances again.
Support: $0.40-$0.35
Resistance: $0.50-$0.60
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
