Basic Attention Token (BAT) Has a General Upward Bearing

Price action in the Basic Attention Token market has rebounded upward with price gains of 7.55%. On the daily chart, this has been enough to bring the market to trade above some key technical levels. There might be short-term opportunities in this market, so let’s check it out.

BAT Statistics

Current Price: $0.1853

Market Capitalization: $272.33M

Circulating Supply: 1.49B

Total Supply: 1.50B

CoinMarketCap Rank: 143

Key Levels

Resistance: $0.2000, $0.2500, $0.3000

Support: $0.1800, $0.1500, $0.1250

Basic Attention Token May Proceed Toward a Nearby Resistance

The ongoing session in the BAT daily market has landed a strong price increase. The corresponding price candle on the chart can be seen standing tall and breaching the resistance formed by the 9-day Exponential Moving Average (EMA) curve.

To that effect, the Stochastic Relative Strength Index (SRSI) indicator lines can be seen taking to an upward bearing. Although the lines of this indicator are merged, they may signal a short-term upward retracement.

BAT Holds a Gaze at the $0.2000 Mark

Price activity in the Basic Attention Token 4-hour market has continued to proceed upwards. In fact, the ongoing session suggests almost no pressure from headwinds. Also, trading stands clearly above the 9-day EMA curve and, as such, signals that upside momentum may be formidable.

Additionally, the SRSI lines are in the overbought zone of the SRSI, with the terminal part of the lines keeping to an upward bearing. Therefore, targeting the $0.2000 price level may be quite sufficient as a short-term and realistic target.

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Curve (CRV) Stays Downwind