The altcoin news and rumors today show that Basic Attention Token (BAT) is one of the coins that can recover soon and go against the market odds. However, all of this would be possible only if BAT clears the $0.135 levels.
Currently, the token is trading above the level of $0.120 but facing hurdles near $0.129. The BAT/BTC pair is performing positively with a profit of 3.86% which brings the total levels to 0.00002319.
After being a flat line on the charts in the cryptonews, the Basic Attention Token (BAT) prices started rising up and initiated their potential to challenge the resistance level of 0.0135. A current uptrend could therefore be a positive sign for the BAT prices as bears were able to push the price below the level of $0.130 and the prices settled below. This is how a new weekly low was formed.
Currently, the Basic Attention Token (BAT) is trading at $0.132 which is a good sign for the BAT traders as there is gradual recovery in prices. The market capitalization now is at $191 million with the volume traded of $71 million and a circulative supply of 1,438,404,748 BAT.
From all of this, we can see that the technical chart of BAT now reflects that the prices are trying to get a hold of the bullish momentum and perform positively. However, they suffered the price fluctuations. The technical indicators are showing positive movement, too.
We can notice the bulls taking full control of the buying volume as there is a positive divergence in the MACD levels. The 24-hr RSI gained heavy bullish momentum and is about to 60. Meanwhile, the 24hr-CCI reached over buying region from the depth of the over selling region.
Right now, the Basic Attention Token (BAT) is positioned near a resistance level of $0.135 and a support level of $0.130. Even though these values are close to each other and closely related, we can see that they are both achievable by the coin in the near end.
Meanwhile, news from the market shows that BTC is above $6,500 once again, ETH is above $140 and XRP cleared the $0.1650 mark today. All of these were crucial wins for the market, which is now at $183 billion in total.
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