Basic Attention Token Price Analysis: BAT Up 24% Biweekly, Despite Bitcoin’s Bloodbath

BAT saw a 7% increase today and it currently trades at $0.25. This price increase comes at the same time the entire market is collapsing. It seems that BAT is battling against the overall trend after surging by a total of 24% over the past 2 weeks alone.

Basic Attention Token is the 28th largest cryptocurrency as it holds a market cap of $336 million. Apart from Chainlink, BAT is the strongest performing cryptocurrency out of the top 30 ranked projects after rising by a total of 33% over the past month.

After dropping to $0.15 in September, BAT managed to surge by a total of 72% to reach its current price of $0.25. The cryptocurrency managed to climb above the 100-days EMA at $0.21 and the 200-days EMA at $0.23 to reach the current resistance.

From above: The nearest level of resistance lies at $0.25. Above this, resistance lies at $0.2620 (bearish .382 Fibonacci Retracement), $0.28 (1.414 Fib Extension), and $0.2962 (bearish .5 Fibonacci Retracement level). Read More...