Basic Attention Token, one of the top 50 cryptos of the global market, is seen declining after gaining at the onset of the week, when it rose as high as $0.285, while currently trading at $0.222. BAT was seen drawing a clear uptrend against the US Dollar after the significant pullback and YTD low marked earlier this year in March. It was then when the coin plummeted as low as $0.101 while spurred as high as $0.442 in the previous quarter and marked a fresh YTD high.
Moreover, Basic Attention Token is a volatile crypto. Over the previous year, BAT was seen trading within the top 30 cryptos of the market, which has now slipped to trading amongst the top 50 due to lack of momentum compared to the previous year, at the time of writing.
Just when Bitcoin was close to reclaiming a fresh All-Time High trading as close as $19.5k, BAT token could manage to spike as high as $0.28 just to fall below $0.20 before trading at $0.222. However, although Basic Attention Token could manage to strengthen, it failed to reclaim the YTD high.
Basic Attention Token Price Analysis
At the press time, the BAT token was seen trading at $0.222 after having declined as low as $0.18 in the wee hours of the trading session today. Just when the price rose, BAT/USD spurred and breached the upper BB before today’s fall. With the current fall, BAT price lost support from the 200-day daily MA at $0.243 while retained 50-day daily MA support at $0.209, the major support price.
The MACD still holds a bullish divergence despite the steep pull back on the daily chart but is likely to have a bearish crossover if the token pulls back any further. The RSI is seen lying at 52.61 with no trading extremities hit at the moment as per the current price movement of Basic Attention Token.