- BAT token price is in a downtrend by 15% since this week
- BAT 24-hour trading volume is $50 Million
- BAT/BTC pair is trading positive by % at 0.00001619 BTC
The daily technical chart of BAT token price is hovering around the support level. According to Pivot points (FIB), BAT’s vital support level is $0.46. Conversely, if it rides up, the important resistance level to observe is at $0.62. Thus, while the intraday chart forms a Doji star candlestick pattern, predicting prices may remain at the constant range.
The moving average (MA) composed of 50,100,200-MA can be a reliable support for currency price changes. However, investors can observe the price moves below the lines, ensuring a downtrend, so until the price stays below the MA-200, A death cross can be marked in the chart.
Volume of (2.61M) is beneath the MA of 20-days (8.95M). Trading volume is low in BAT, making its price remain in immediate support areas. Investors may also observe diminishing volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The MACD indicator gives (bullish) crossover above the signal line on June 28, indicating a buy signal in the coin. Moreover, Investors can see faded tiny green bars in the Histogram index.
BAT Token Price Action Accumulating Near Support Areas
The trading price of BAT token is $0.52, with a daily gain of 2.1% and a weekly loss of 14.2%. In addition, the price crawls around the support levels. The MACD indicator shows a buy signal, and the trading volume decreases. Technically, the price shows weakness and is sustaining above support. Therefore, the current trend remains bearish. Based on the overall market sentiment, the price may try to move towards $0.46 support in the next few days.
Resistance: $0.62
Support: $0.46
