- Basic Attention Token Price is trading below a downward sloping line over the daily chart.
- The crypto asset is trading below 20, 50, 100, and 200-days Daily Moving Average.
- The pair of BAT/BTC is at 0.00001303 BTC with an intraday gain of 0.30%.
Basic Attention Token price consolidates below a downward sloping line and is currency inside a range-bound area over the daily chart. BAT price must gain strong uptrend momentum to register its pattern breakout. However, to escape the sideways momentum at first, BAT bulls need to accumulate themselves and must avoid being caught inside the short-sellers clutch. BAT went into the horizontal range-bound area from 13th of May and had been consolidating since then.
Basic Attention Token price is presently CMP at $0.38 and has lost 5.14% of its market capitalization in the last 24-hour period. However, trading volume has increased by 5.98% in the intraday trading session. Trading volume signifies that buyers are still getting involved in the trade for BAT. Volume to market cap ratio is 0.1432.
BAT coin price is trading with sideways momentum over the daily chart. The token is trying to gain uptrend momentum by accumulating BAT bulls. However, volume change can be observed below average and needs to grow for BAT to gain uptrend momentum to register its breakout.
Support on the lower end is at $0.35, and resistance on the higher side is at $0.43.
What do Technical Indicators Suggest about BAT?
BAT coin price is trying to gain uptrend momentum over the daily chart. Technical indicators suggest that BAT is preparing for its breakout. Relative Strength Index showcases that BAT token is approaching neutrality with a slight sideways momentum over the chart and is also trying to adapt to strong uptrend momentum. MACD exhibits the sideways momentum of BAT. The MACD line is ahead of the signal line after a positive crossover. However, the MCAD line may approach the signal line at any moment, and BAT investors may experience any directional change over the daily chart.
Conclusion
Basic Attention Token price consolidates below a downward sloping line and is currency inside a range-bound area over the daily chart. BAT price must gain strong uptrend momentum to register its pattern breakout. Trading volume signifies that buyers are still getting involved in the trade for BAT. BAT coin price is trying to gain uptrend momentum over the daily chart. Technical indicators suggest that BAT is preparing for its breakout. BAT investors may experience any directional change over the daily chart.
Technical Levels
Support Level: $0.35
Resistance Level: $0.43
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.