- BAT token price action shows consolidate around $1.40 on intraday session
- The 24-hour volume in BAT is $497,474,698, with a gain of 3.54%
- The BAT/BTC pair was trading at 0.00002478 BTC with a gain of 2.99%
The 4-hour technical chart of BAT token price action projects a sideways trend. According to pivot points, BAT’s critical support levels are $1.15, $0.90. Whereas if it moves up, the crucial resistances to watch are $1.62, $1.85 & $2.10. Besides, the chart also shows a bearish inside candlestick pattern showing bearish reversal with medium reliability.
The Exponential Moving Average (EMA), consisting of EMA 20 & 50, acts as strong support in the asset price levels. EMA 20 moves above, indicating a positive trend. Investors may perceive the price is fighting to sustain above EMA-20. The price remains above both the EMA will ensure the BAT token bullish momentum.
The Schaff Trend Cycle (STC) projects a negative momentum with a value of 13, indicating a sell signal. Additionally, Investors can see a downward curve in the index, which may remain bearish in upcoming trading sessions.
The volume of (4.07M) showcases a volume below the Volume MA (5.38M) of 20-days. BAT needs high buying pressure to drive its price to excessive levels. Investors may also observe moderate volume in the chart, indicating a lateral move to continue.
BAT Token Price Action Forecasts Neutral Momentum
BAT token price was trading at $1.40 with a 3.02% return daily and 9.75% positive in the weekly period. Furthermore, technically, indicators suggest a sell signal in BAT price action for a short while. The price shows weakness and is moving in a consolidation phase. With the support of buying pressure and some fundamental news, the price may hit the resistance levels of $1.62, $1.85 & $2.10 in a future trading session, which will give returns up to 50% to the investors in the short term.
Resistance: $1.62, $1.85 & $2.10
Support: $1.15, $0.90