- The bears are trying to break the bullish trend. Bears are working hard to enter the trade
- The current price of Basic Attention Token is currently around $0.4043 with a total increase of 3.23% during the intraday trading session
- The pair pf BAT/BTC is approximately at 0.00001736 BTC
The bears are trying to enter the trade and manipulate the market but the bulls are also working to beat the bears. It seems that the bulls are getting weaker as the bears are about to bring the downward trend the bears have brought a downward curve thrice in a period of 7 days the bulls are trying to push the price so the price may catch some upward momentum. Both the bears are giving the bulls a tough fight. both bulls and bears are ready for the battle over the price of the BAT.
The current price of Basic Attention Token is at $0.4043 with a total increase of 3.23% during the intraday trading session.The pair of BAT/BTC is around 0.00001736 BTC with a total drop of 0.86% if the bulls push work some extra mile then the price may reach upto the primary resistance of $0.4083 and if the bears don’t react to the bull’s move then the bulls may boost the price upto the secondary resistance of $0.4143. As the bears are also trying to enter the trade the price may reach upto the primary support of $0.3965 and if the bulls provide a window to the bears to overtake the trade then the price may drop upto the secondary support of $0.3595. The investors of the BAT have sat on fence. Either the bulls are the bears have to make a move for any direction change over the daily price chart.
The volume of the coin has dropped by around 26.33% during the intraday trading session the continuous drop in the volume indicates that the selling pressure has increased and the buyers have to get in action to make the coin revive its potential. The volume to market cap ratio is around 0.08552
The technical indicator shows the following: The relative strength index is heading towards the overbought zone. The bulls have to knuckle under to normalize the RSI of the BTC. The current RSI is 51.79 which is above the average RSI. the average RSI is 49.69. The price is moving ahead of the 20,50 estimated moving average and is still lagging behind the 100,200 daily moving average.
Support Levels: $0.3965 and $0.3595
Resistance Levels: $0.4083 and $0.4183
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss