While the Basic Attention Token has been performing impressively lately, today has brought an additional price increase of 3.67%. Albeit small, this signifies that price activity here may proceed north in subsequent sessions in the near future.
BAT Statistics
Current Price: $0.2617
Market Capitalization: $395M
Circulating Supply: 1.49B
Total Supply: 1.5B
CoinMarketCap Rank: 108
Key Levels
Resistance: $0.3000, $0.3500, $0.4000
Support: $0.2500, $0.2250, $0.2000
Basic Attention Token Is Still Ascending
The ongoing session has been rising over the previous sessions. However, the previous session brought a moderate pullback to the market, but buyers are able to keep trading above the 9-day Exponential Moving Average (EMA) line in the current session.
The mentioned price candle can be seen with a long lower shadow, which shows that buyers are mounting pressure in the market. Likewise, the Stochastic Relative Strength Index (SRSI) indicator lines are merged and keep a slight upward trajectory above the 20 threshold of the indicator.
BAT Is Ready for More Upside Movements
On the Basic Attention Token 4-hour chart, one can see that price action has continued upward since the previous session. The previous session brought a notable recovery to the market from below the 9-day EMA curve.
Meanwhile, the ongoing session has brought the token to trade above the 9-day EMA line. Furthermore, one can observe that the SRSI indicator lines have delivered a clear upward crossover just above the 20 threshold of the indicator. Consequently, it seems this market may rise further toward the $0.3000 price level.
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