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Basic Attention Token Technical Analysis: BAT May Retest Q1 2022 Lows at $0.56


cryptoknowmics.com 05 July 2022 19:05, UTC
Reading time: ~2 m

The Basic Attention Token crypto is one of the top performers, adding 10 percent in the last 24 hours. In a defined trend, BAT bulls may load the dip above $0.36 while targeting March 2022 lows.

Past Performance of Basic Attention Token (BAT)

The Basic Attention Token crypto is at around June 2022 highs and positive on the last trading day. As per the BAT candlestick arrangement in the daily chart, buyers have the upper hand, building on the gains of June 15. Therefore, with BAT token prices up an impressive 10 percent, buyers may find entries on lower time frames.

BAT Technical Analysis

 The Basic Attention Token coin price is firmly on the upside. Since bulls are in control, there could be more room for the upside, especially if prices print above $0.45. This breakout above June 2022 highs should ideally have high participation levels, triggering demand. In such an event, prices could rip even higher to retest $0.56. Even at spot rates, BAT token bulls may find entries above $0.36 or the 38.2 percent Fibonacci retracement level of the June 14 and 25 price range, targeting March 2022 lows.

What to Expect from BAT?

The BAT technical analysis in the daily chart shows that the coin is on the cusp of breaking higher, above June 2022 highs. In anticipation, buyers have the upper hand. Basic Attention Token traders may find loading opportunities above the 20-day moving average and $0.36 in short to medium term.

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