- BAT coin price over the monthly chart now seems to get stable, after a sharp decline from the higher levels.
- The crypto asset over the chart is placed above major moving averages of 50, 100, and 200-Day lines while facing a minor hurdle of 20-Day SMA line (red)
- The pair of BAT/BTC is trading flat at 0.0000174 BTC with an intraday gain of +0.88%, and the ratio of BAT/ETH is CMP at 0.0002342 ETH with an intraday loss of -1.47%.
BAT coin over at the monthly time frame is trading just above its major moving averages, with slightly lower volume. Despite a sharp selloff, the coin holds its vital moving averages of 50, 100, and 200-Day lines. At the same time, the sustainability above the DMA lines can create a sharp recovery to $1.00 levels. The breakout above $1.00 will create a strong bullish rally but needs supportive volume action.
Volume over the chart is still lower, which needs to improve for another lap of bullish momentum in upcoming sessions. Support on the lower side is $0.7250 and $0.7060, whereas resistance on the higher side is $0.8445 and $0.9100.
BAT coin is trading sideways over the weekly chart
BAT coin is trading sideways over the weekly chart, with no sign of strong reversal patterns. The volume over the weekly chart is still lower and needs to improve for a bounce back from the lower levels. Meanwhile, the technical parameters are gradually turning positively, with a good recovery from lower levels. The significant level to watch out for short-term traders is $0.845. Above this level, we can see bullish momentum in the short term. Presently, the BAT token is trading at $0.814 with a flat intraday action of +0.52%, and the volume to market cap ratio is at 0.213.
Relative Strength Index (NEUTRAL): BAT Coin RSI indicates a sideways momentum or consolidation over the weekly chart. In contrast, the RSI trades at the neutral zone while heading flat and now CMP at 51.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a mixed trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red) with a positive crossover.
Support levels: $0.7250 and $0.7060
Resistance levels: $0.8445 and $0.9100.