- Basic attention token BAT over the monthly chart is trading near the make or break levels of 50, 100, and 200-day lines.
- The digital asset regains its short-term moving averages of 20-day lines while still struggling to suppress its vital DMA of 50, 100, and 200-day lines.
- The pair of BAT/BTC is trading at 0.00001513 BTC with 24-hour gains of +3.68%, and the ratio of BAT/ETH is CMP at 0.000212 ETH with an intraday gain of +2.21%.
Basic attention token is trading near the critical zone after a strong recovery from the lower levels. Volume activity over the monthly chart is significantly lower, which needs to increases in upcoming trading sessions. Currently, the digital asset is trading near the make or break levels of vital DMA of 100 and 200-day lines. We can expect positive momentum once the bulls manage to suppress the 50, 100, and 200-Day moving average lines, with supportive volume action.
At the time of writing, the bulls are now trying to regain its necessary moving averages of 100 and 200-day lines. Support on the lower side is $0.6200 and $0.5820, whereas resistance on the higher side is $0.7400 and $0.7880.
Basic attention token is trading near overbought zone, after straight bullish rally
Basic attention token at the weekly chart is trading near the overbought zone, after a straight bullish momentum. The technical parameters are reaches near the overbought zone, which indicating caution to the fresh longs. Volume over the weekly chart is recorded below its average line, which needs to grow strongly in upcoming trading sessions. BAT token is trading at $0.7225 with an intraday gain of +3.32%, and the volume to market cap ratio is 0.1778
Relative Strength Index (CAUTION): Basic attention token RSI is trading under the overbought zone after gradually recovering from lower levels. The coin is trading near the higher area, with caution for longs and CMP at 71.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red).
Support levels: $0.6200 and $0.5820
Resistance levels: $0.7400 and $0.7880.
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