The Basic Attention Token (BAT) could enter a period of bullish sentiment among investors. Media, music and content assets are down 4.9%, while the broader crypto market is down by nearly 1.45%. BAT is currently trading near its midpoint for the past five days. The token is 7.03% below its 5-day high and 20.61% above its 5-day low of $0.245. The price of BAT is currently trading above the resistance. With support around $0.27 and resistance at $0.288, the Basic Attention Token may find itself in a volatile position if the rally peters out.
At the time of writing, BAT was trading at $0.2858.
BAT after surging almost by 109% from $0.1602 to 0.3360, witnessed a sharp profit booking at the higher levels, and the prices corrected by 40% and dropped to $0.1997. However, it closed above the support level of $0.20. The asset made a ‘Spinning Top’ candle followed by a ‘Bullish Engulfing’ candle at the support and rallied up to $0.3245. BAT has a strong resistance zone from $0.3360 (its recent high) to $0.365 ( Horizontal Trendline). Hence, to further rally, it needs to break, close and sustain above the resistance level. $0.275 and $0.23 will act as strong support levels for the asset.
|Support 2||Support 1||Asset||Resistance 1||Resistance 2|