- Basic Attention Token (BAT) is facing a headwind challenge amid a range-bound market.
- Bat crypto moves towards the resistance area.
- Trading volume dropped by 29% in the last 24 hours, which was reported at $18.8 million.
On November 20, the Basic Attention Token (BAT) fell below the ascending trendline. This minor price drop was insufficient to keep the BAT crypto selloff going. On November 14, the bears managed to reach an annual low near the $0.20 support, but the bulls quickly accumulated a substantial portion of BAT tokens, with a trading volume of $35.5 million published. Subsequently, on a daily basis, the trading volume gradually decreases.
At the time of writing, BAT crypto is trading around $0.226 per USDT. However, the daily price candle remains in the red, with a 1.65% decline so far. Similarly, the BAT crypto bitcoin pair is down 1.16% at 0.00001374 satoshis. Despite the fact that the cryptocurrency is trending sideways, the weekly price candle is still up by 3.56%.
Basic Attention Token (BAT) reaches close to resistance zone (red zone). In contrast, buyers have a key defending zone near demand zone. Above this zone, buyers are expecting 11% gain until previous swing high of $0.27. Trading volume dropped 29% in the last 24 hours, reported at $18.8 Million. Therefore, the Choppiness index is increasing higher in 4 hour chart.
In terms of the daily price chart, BAT crypto price is moving towards the mid-band of the Bollinger Bands indicator. This is the only bullish hurdle amid the bullish rally. The RSI indicator just shot-up above the 30 level. Now its peak is at 40 level, it also shows negativity in BAT crypto.
Conclusion
Basic Attention Token is trading slightly above its latest 52-week low. The bulls are driving the price of the crypto towards the mid-band of the Bollinger Bands indicator.
Support level – $0.20 and $0.17
Resistance level – $0.27 and $0.350
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/11/25/basic-attention-token-surged-this-week-inside-candle-spotted-in-chart/