cryptoknowmics.com
SXP and Basic Attention Token prices are bottoming up and building on late May gains. SXP/USDT bulls are targeting $3. On the other hand, BAT/USDT prices could rally to $1.4.
Basic Attention Token (BAT)
The Ethereum and Binance Smart Chain (BSC)-based token primes the blockchain advertisement platform that rewards users for their attention using the BAT token.
Past Performance of BAT
BAT prices remain in range mode even though there are lower highs, indicating bulls.
On the last trading day, BAT prices surged nine percent versus the USD with increasing trading volumes.
Participation rose 20 percent to $257 million.
Day-Ahead and What to Expect
Technical candlestick arrangement points to bulls in the short-term but bears from a top-down analysis for BAT.
BAT/USDT technical analysis indicates that while prices are edging higher, sellers are in control.
This is because BAT bulls haven’t reversed the losses of May 19.
Besides, trading volumes are comparatively low as BAT/USDT prices struggle below the middle BB.
BAT/USDT Technical Analysis
Even though sellers might in control, BAT/USDT bulls might close above the middle BB.
Every low could be a loading opportunity for aggressive BAT bulls as long as prices are above $0.65.
On the other hand, risk-averse traders can wait for a sharp, high volume breakout above $0.95 for trend definition. In that case, their target would be $1.4 or April 2021 highs.
Swipe (SXP)
The mobile dApp is designed for crypto holders to spend their coins just like they would fiat easily. SXP is the native currency. Swipe runs on Ethereum and the Binance Smart Chain (BSC).
Past Performance of SXP
SXP/USDT prices are inching higher, albeit with low participation.
On the last trading day, SXP prices rose 12 percent versus the USD, adding roughly five percent against BTC and ETH.
Even though participation rose, they are markedly low versus those of mid-May 2021.
Day-Ahead and What to Expect
SXP/USDT technical analysis on the daily chart reveals that prices found support at the 61.8 percent Fibonacci retracement level of the Q1 2021 trade range.
Aforementioned, even with increasing prices, trading volumes are shrinking, forming a bearish divergence pattern.
It is also not forgetting SXP/USDT, which are below the middle BB.
SXP/USDT Technical Analysis
There has been a confirmation of the double-bar bullish reversal pattern of May 23 and 24.
Therefore, every low above $2 may provide an opportunity for aggressive SXP/USDT bulls to set aim at $3.
Reversals below $2 with high trading volumes could push SXP prices lower towards $1.2—the 78.6 percent Fibonacci retracement level of the Q1 2021 trade range.