Basic Attention Token (BAT) Eyes the $0.2000 Threshold

The BAT token has emerged as the second most profitable coin today, with a 3.33% price increase. The price action shows a rebound off the $0.1500 threshold, and momentum is building, indicating a potential break through the next psychological resistance level.

BAT Statistics:
Current Basic Attention Token Price: $0.1893
Basic Attention Token Market Cap: $285,559,326
Basic Attention Token Circulating Supply: 1,495,658,357 BAT
Basic Attention Token Total Supply: 1,500,000,000 BAT
BAT CoinMarketCap Rank:168

Key Price Levels:
Resistance: $0.2000, $0.2500, $0.3000
Support: $0.1800, $0.1600, $0.1500

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Basic Attention Token Approaches the $0.2000 Price Level

Since the price action of the Basic Attention Token rebounded from the $0.1500 threshold, the market has maintained an upward trajectory. The token is now trading above all the Guppy Multiple Moving Average (GMMA) indicator lines.

Additionally, recent sessions have been dominated by bullish forces, giving the market steady upward momentum despite reduced volatility. Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) curves converge in the overbought region, maintaining an upward trajectory. As a result, upward forces remain strong, with the indicator line expected to hold in this region.

.2000 Threshold" width="580" height="293" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/BATUSDT_2024-09-21_06-38-52_064144-1024x517.png"/> BAT Sees a Moderate Downward Retracement

Price movement in the 4-hour BAT market shows a slight downward correction in the current session. Despite this, the token still trades above all GMMA lines after briefly surpassing the $0.1900 threshold.

However, the Stochastic RSI lines are approaching a bullish crossover just below the 80 mark. Consequently, traders may still rely on bullish crypto signals targeting price levels around  the $0.2000 threshold.

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