- BAT token price continues to grow in an uptrend with a 70% jump in the past month.
- The golden bullish crossover in the daily chart indicates growth in underlying bullishness.
- The BAT/BTC token pair is trading at 0.00001672 BTC with an intraday growth of +2.72%.
The daily technical chart of the BAT token projects a bullish trend as it continues to form bullish candlesticks above the 20-day EMA. Meanwhile, all the EMAs rise higher in a bullish alignment.
The crucial EMAs in the daily chart can be a reliable support for bearish price changes. However, the price is above the white line 200-EMA, confirming an uptrend trend in action for BAT Token price.
The volume of (7.4M) is above the MA of 20-days (4.00), projecting growth in buying pressure for BAT. Investors may also the rising buying volume over the past few days that could be predicting a price jump shortly.
The BAT Token is currently trading at $0.8173. With a +3.49% market cap gain within the past 24hrs, projecting an inclining growth rate as the price approaches the resistance.
The intraday trading volume of BAT has grown by 42% in the past 24-hours, indicating a surge of interest among investors who may be speculating about a bullish rally.
Ascending triangle formation in BAT token forecasts a bullish rally.
The BAT coin shows a highly reliable uptrend carrying the price closer to the resistance level of $0.88. BAT traders can use this trendline to find some great entry opportunities in this uptrend whenever the price dips to this trendline.
ADX indicator represents that the slope is rising higher, implying a growing trend momentum.
Conclusion: BAT token price has been trending higher in an uptrend despite the recent dip in the price as it is still under the ascending triangle. Token prices may shortly reverse back to the support trendline before coming to fruition of the pattern.
SUPPORT LEVEL – $0.70 and $0.48
RESISTANCE LEVEL – $0.88 and $1.2