Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
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Market Analysis

BAT Technical Analysis – $0.21 Resistance Key for Bulls

As with almost every Altcoin in the recent term, the bears have been well in control; BAT has been no exception. Price has been in a downtrend since April highs of $0.50. Although the fundamentals have always been strong, and continuous positive annoucements have been a constant theme, the technicals have not reflected this.

Short-term resistance comes at $0.21, a level that the bulls were recently unable to maintain. Should th0.ey finally manage to, then the descending trendline that has been respected so well will needed to be broken. As it stands the bullish momentum looks weak at best. If we can see this change, $0.29 and $0.45 are upward price targets. However, if the bears maintain to drive price down, we can see BAT go down to $0.12-0.13.

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