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Basic Attention Token (BAT) has finally conquered the $0.31 resistance level from which it was knocked off on the 4th/5th of October. Since they got rejected at the resistance price level, it has wobbled below the resistance level, trying to find its balance for a re-attempt at the $0.31 price level. Although bulls made several strong attempts in October to break the price level, they kept failing because bears are stronger than them. On the 13th of October, the bulls were able to secure a vantage point to strike back at the resistance level, but they were defeated at the $0.30 price level. But on the 20th/21st of October BAT bulls were able to secure solid support at the $0.27 price level. This formed the basis for a strong and steady boost in the price that has continued till today
Basic Attention Token Market Price Statistic:
- BAT/USD price now: $0.3256
- BAT/USD market cap: $492,962,116.89
- BAT/USD circulating supply: 1,495,680,554
- BAT/USD total supply: 1,500,000,000
- BAT/USD coin market ranking: #79
Key Levels
- Resistance: $0.34, $0.36, $0.38
- Support: $0.30, $0.28, $0.26
Basic Attention Token Market Price Analysis: The Indicators Point of View
From the 21st of October, the bullish histograms of the MACD continue to increase in height progressively on the daily basis. The histogram that represents today’s trading session seems to be of more height than the previous histograms. The RSI indicator also confirms this; the RSI line has an almost vertical rise between yesterday and today. Today’s bulls market is particularly very strong as the price action smashes through two major resistance price levels. With such a strong bullish move, buyers will need to defend the grounds they have taken in the market so that they will not lose everything. This is because a strong bullish move like this one can trigger a strong bearish move.
BAT/USD 4-Hour Chart Outlook
In the whole of the six sessions of yesterday’s market, BAT was trying to come above the Bollinger moving average, but it was not successful. This made the indicator move a bit in a sideways pattern. Now, the Bollinger indicator is responding to the strong bullish move of today’s market. However, there is a reason to be concerned. Due to the high volume of trade, the market has become very volatile. Investors need to exercise caution. However, if bulls can secure strong support at a good position in today’s trading session, the trend may continue its upside performance.
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