- BAT token price action is in a downtrend on intraday trading session
- The 24-hour volume in BAT is at $201.59 Million
- The BAT/BTC pair was trading at 0.00002066 BTC with a gain of 4%
The daily technical chart of the BAT token price movement exhibits minor signs of weakness. According to pivot points, BAT’s significant support level is $0.55. Whereas if it progresses up, the principal resistance level to watch is $0.95. Hence, the chart shows a Doji candle describing that both buyers and sellers did not gain control over the coin.
Stochastic RSI indicator (BEARISH) with a value of K-41, D-37 describes a sell signal in the coin. Furthermore, it also gave a positive crossover in the index for a short while. Investors may perceive a descending curve in the index, which may remain in negative territory for the upcoming trading sessions.
The Ichimoku Cloud, consisting of lead 1 & lead 2 with a displacement value of 1. It acts as a pivot level and a leading indicator in the asset price movement. Investors may witness the price break below the green Moku Cloud and now travel below the red Moku Cloud, so until the price rests below the red Moku Cloud, it will assure a bearish trend in BAT.
The volume of (4.52M) is below the Volume MA (26.68M) of 20-days. Shallow trading volume is directed in BAT, which results in the consolidation of the price at certain levels.
BAT Token Price Is Range-Bound From Several Days
BAT token price traded at $0.75 with 4.60% gain in 24-hour and 3.5% gain weekly. Moreover, BAT’s price consolidates around the price levels of $0.65 to $0.85. In contrast, market capitalization stands at $1.11 billion. Technically, investors can perceive the price is below the red Moku Cloud. Hence, the Stochastic RSI indicator signifies a sell signal. In the coin, traders are directing negligible amounts of trading volume. Additionally, the price action can move towards the support of $0.55 in future trading sessions.
Resistance: $0.95
Support: $0.55