Basic Attention Token (BAT) Bulls Break the 23.69 Fibonacci Retracement Level

The Basic Attention Token has been able to maintain an upside trajectory since its price action nine trading sessions ago. Technical indicators are still positive, suggesting that more moves may be seen in the market. Let’s examine the chances of at least trying to decipher the possible market direction.

Basic Attention Token Statistics:
Current BAT Value: $0.3349
Basic Attention Token Market Cap: $494,234,506
BAT Circulating Supply: 1,490,413,701
Basic Attention Token Total Supply: 1,500,000,000
BAT CoinMarketCap Rank: 167

Key Price Levels:
Resistance: $0.3350, $0.3450, and $0.3550
Support: $0.3300, $0.3200, and $0.3100

Basic Attention Token Market Reappears Above the $0.3278 Mark

Today’s trading activity in the BAT market so far has been able to welcome enough bullish participation to keep the market on an upside course. Price action remains above the Guppy Multiple Moving Average (GMMA) lines and above the 23.60 Fibonacci Retracement level.

However, a close look at the last price candle on this chart reveals the appearance of an upper shadow. This hints that traders may be going short on this market already. Nevertheless, the Stochastic Relative Strength Index (SRSI) lines are still rising into the overbought region. Consequently, this points out that bullish momentum is still fairly strong in the market.

Will BAT Bulls Successfully Defend the Obtained Baseline?

The last price candle in the 4-hour Basic Attention Token Market can be seen sitting just atop the Fibonacci Retracement Level of 23.60. Also, the perceived upper shadow is still visible. However, the price candle maintains that buyers are still in cruise control of the session.

Additionally, the session is still taking place above the GMMA indicator lines. Furthermore, the SRSI lines are also trending towards the overbought region. Meanwhile, the gap between the two indicator lines hints that volatility is high and may keep pushing the market upwards. Consequently, traders may still use crypto signals with targets around the $0.3450 mark.

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