Basic Attention Token (BAT) Is attempting a Trend Reversal Move

The Basic Attention Token price movements look very bearish. However, going by the data as presented by the crypto daily movers, it appears some upside pullback has been experienced in this market. Let’s get a closer view of price movements.

BAT Analysis Data
Basic Attention Token Value Now: $0.1993
BAT Market Cap:$321,712,519
Basic Attention Token Moving Supply:1,488,639,030.42
BAT Total Supply: 1,500,000,000
BAT CoinMarketCap Ranking:105

Major Price Levels:
Top: $0.1993, $0.2040, and $0.2083
Base: $0.1953, $0.1913, and $0.1880

Basic Attention Token (BAT) Is Attempting an Upside Retracement

On the BAT daily market, it appears that there has been some price pullback in this current session, as presented by the crypto daily movers list. The Basic Attention Token pulled back by 2.63% in the upside direction. Nevertheless, the last price candle still has a red color, except that it has grown shorter. Meanwhile, the Stochastic Relative Strength Index (RSI) curves seem to be nearing a bullish crossover, following the recent price developments. Consequently, traders can perhaps expect more retracement should buyers continue to pile up more long orders.

Basic Attention Token (BAT) Upside Move Clearly Revealed

On the BATUSD 4-hour market, it could be seen that a more significant loss was recorded in the previous session. However, the ongoing session seems to have recouped a significant part of the losses. The aforementioned performance seems to have offered some upside retracement to price movements. Also, the RSI indicator has fallen in line with price developments in this market by performing a bullish crossover above level 20 of the indicator. At this point, it appears that price action may approach the $0.2200 price mark.

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