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BAT Price Analysis: BAT Crypto Plummets 16.4% Within a Week

  • The BAT crypto is in a downtrend, around -9.7%, during the intraday trading session.
  • The 24-hour trading volume is at $120 million.
  • BAT/BTC pair is trading negative by -3.1% at 0.00001511 BTC.

Daily technical chart and price trend of BAT crypto are showing a bearish trend. Based on the pivot level, the first support zone is 0.60 USDT. From another perspective, if it rushes, the resistance level to watch is 0.75 USDT. Thus, the graph made a bearish engulfing candle pattern during the day, and the cost is relied upon to remain downside with unwavering high force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost struggles below the green ribbon and 200-EMA, so it will guarantee a downswing in BAT until the cost dwells below.

Trading volume (8.0 M) is underneath the 20-day moving average (13.65 M). To put it plainly, the volume is moderate, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The Stochastic RSI (Oversold) with a value of K-0.45 D-1.38 presents a buy signal in the coin. Investors may observe a declining slant and a negative crossover in the index. It may now bounce from the negative territory to positive for future trading sessions.

BAT Crypto Oscillators Got Oversold, Buy the Dip Moment

The Basic Attention Token price today is $ 0.678215 with a 24-hour trading volume of $ 120,681,525. The BAT price has fallen by -9.7% in the last 24 hours. It has a circulating supply of 1.5 billion BAT coins and a total supply of 1.5 billion. The Stochastic RSI points to a selling indication, and the traders have prompted moderate volume. In fact, the cost is around the support regions and proceeds in a downtrend. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.

Resistance Level: $0.75

Support Level: $0.60

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.