The Basic Attention Token has made it to the second position on the daily crypto movers’ list, as its price increased by 1.67%. As little as this movement may look, it appears to have placed this crypto on good ground for more upside movement. However, it is still a good venture to further examine price activities in this market to get more insight into this market.
BAT Analysis Data:
BAT value now: $0.3058
Basic Attention Token market cap: $449,271,617
Basic Attention Token moving supply: 1,497,353,045
BAT Supply: 1,500,000,000
Basic Attention Token Coinmarketcap ranking: #94
Major Price Levels:
Top: $0.3058, $0.3088, $0.3118
Base: $0.3028, $0.3008 $0.2980
Basic Attention Token (BAT) Price Action Arrives at a Notable Support Level
Basic Attention Token (BAT) has been gathering moderate gains on the daily market. As a result, the last green price candle on this chart now sits on the 9-day Exponential Moving Average curve. Consequently, this implies that price activities in the BAT/USD now occur above the EMAs lines, thus positioning itself for a further upside move. The Moving Average Convergence Divergence (MACD) indicator lines have been moving slightly downward and toward the 0.00 mark of the indicator. However, it appears that the indicator has started changing its course due to recent price developments. Also, the bars of this indicator which are below the 0.00 level are now pale in appearance, which indicates that the headwind in this market is growing weaker. Consequently, this increases the chances of prices rising further in this market.
Basic Attention Token (BAT) Eying the $0.3100 Price Mark
Even on the 4-hour market, BAT/USD is maintaining its upside path. Here, the last price candle has completely taken off from both the 9- and 21-day EMA lines. Also, the MACD indicator lines have given an upside crossover, considering the appearance of a green histogram bar above the 0.00 level of the indicator. In previous sessions when only numerous dashed-shaped price candles appeared, the lines of the MACD indicator were Interwoven to portray indecision. Nevertheless, since the appearance of the last two price candles on this chart, it could be seen that these lines have now indicated a clear price trend. Therefore, traders can predict that the price of this crypto may rise toward $0.3130.
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