Modest Gains Pop Up in the Basic Attention Token (BAT) Market

The Basic Attention Token has recorded another modest gain in today’s trading activity. However, this price increase has been just enough to make it one of the more notable coins at the time of writing.

BAT Statistics

Current Price: $0.2149

Market Capitalization: $324.15M

Circulating Supply: 1.58B

Total Supply: 1.49B

CoinMarketCap Rank: 120

Key Levels

Resistance: $0.2500, $0.2750, $0.3000

Support: $0.2000, $0.1750, $0.1500

Basic Attention Token Maintains a Slight Upward Path

Taking a broad view of the BAT market since July shows that upside forces have generally supported a gradual upward trend, although the market has experienced some sharp swings along the way.

In the ongoing session, BAT is posting short-term gains but continues to trade below the 9-day Exponential Moving Average (EMA) line.

Likewise, the Stochastic Relative Strength Index (SRSI) indicator lines show a mild upward slope while converging at their terminal ends. This suggests that downward pressure is still present despite the longer-term bullish bias.

BAT Sets a Path Toward Short-Term Gains

While the longer-term bullish structure appears somewhat weakened at the moment, the market still shows potential for short-term upside. The most recent price candle remains green and has pushed slightly above the 9-day EMA curve.

At the same time, the SRSI indicator lines are taking on a steeper upward trajectory following a recent crossover. The SRSI lines are now moving toward the 50 level, indicating that price action may continue advancing toward nearby targets around the $0.2300 level.

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