- BAT/USD bullish momentum rekindles after a bearish wave .
- Bulls have been able to surpass the resistance level at $0.18.
- Bulls dominate the 4 hour chart posing for further upswing.
Today, BAT has been among the top 10 most purchased tokens and also among the 1000 largest ETH whales in the past 24 hours. Whales have influenced BAT’s upswing to recover from yesterday’s bearish momentum.
The current BAT market looks exceedingly optimistic following a brief bearish period the day before. The token has been on an incline lately and is now being bought and sold for $0.1844, which is higher than the low of $0.178 seen within the last 24 hours. Bulls have dominated the market, which has helped push BAT/USD beyond $0.177.
Bulls succeeded in surpassing the initial resistance of $0.18 for BAT, establishing an immediate prop at this level. If sustainment is achieved, BAT/USD may soon make a foray above the $0.2 threshold within the near future. Conversely, if the BAT/USD rate decreases beneath the support threshold, it is feasible that the digital asset stumbles over to $0.15.
The one-day BAT/USD price analysis is going positively for it as there has been a considerable increase in the price value. The price has surpassed the crucial resistance present at the $0.18 level today and is aiming for a further higher level. Currently, the price has reached $0.1845, gaining 2.18 percent at the time of writing.
The 1-day graph’s moving average (9MA) has reached a little above the candlesticks due to the bullishness of the preceding week; however, the 20-day simple moving average still operates beneath its 50-day mean.
At the same time, the Bollinger bands are showing positive momentum as they are expanding while the price is increasing, indicating high vitality in the market.
The RSI is currently at 28.85, which indicates that there might be some bullish activity soon.
On the 4-hour chart, the MACD exhibits a bullish divergence, but the momentum line has crossed above the signal line and is showing positive results.
Looking at the 4-hour timescale of prices, the bulls have once more mustered up sufficient energy to push BAT/USD costs higher. Currently established at $0.1844, the outlook foretells more gains soon.
After reversing the downhill momentum, the bulls have achieved a winning edge on the four-hour interval chart as the moving index rests at $0.1845. The Bollinger bands indicator exposes an upper value of $0.25 and a lower value of $0.17, indicating the potential for cost oscillations.
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