您现在的位置是:Basic Attention Token (BAT) continues to decline, here's why? >>正文
Basic Attention Token (BAT) continues to decline, here's why?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3143人已围观
简介It is safe to say that Basic Attention Token (BAT)has been nose-diving for the best part of three mo...
It is safe to say that Basic Attention Token (BAT)has been nose-diving for the best part of three months now. In fact, the general trend on this coin which is associated with the Brave Browser has been downwards. Sadly, the signs show that this bearish move will remain for longer. Here are some highlights:
- BAT is trading 60% lower from its all-time highs in November.
- The coin was trading at $0.71 at press time, virtually the same compared to a day ago.
- BAT also remains lower from its 50- and 200-day moving averages.
Data Source: Tradingview
Basic Attention Token (BAT) – Why the bearish trend will remain?
There are both technical and fundamental factors that make BAT bearish at the moment. Starting with the fundamentals, it is clear that overall sentiment in the crypto market has slowed.
After a surge at the start of the month, most investors are holding back their capital as they watch events in Eastern Europe and tightening monetary policy in the United States. As for technical factors, the price action for BAT has generally moved downwards.
In fact, after hitting all-time highs in November 2021, the coin has lost nearly 60% of the market cap. It is also trading way lower compared to both its 200- and 50-day simple moving average. Also, a look at the Relative Strength Index suggests that BAT is yet to reach the “Oversold” threshold. As such, more weakness could still come.
Can investors buy Basic Attention Token (BAT) now?
The answer is yes. In general, the dip offers probably the most decent chance to enter into BAT. However, since it is projected that the token could in fact fall even further, you can still be patient. Watch for $0.5 in the coming days. That should be a good entry point for the long- and short-term investments.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4354.html
相关文章
World’s first compostable footwear marries fashion and sustainability
Basic Attention Token (BAT) continues to decline, here's why?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.There'...
阅读更多
Stoner Cats NFTs creator charged by SEC, to pay $1M fine
Basic Attention Token (BAT) continues to decline, here's why?SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of N...
阅读更多
This first FDA
Basic Attention Token (BAT) continues to decline, here's why?By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Could a r...
阅读更多
热门文章
- Dream Chaser spaceplane survives NASA’s ultimate shaker tests
- Curve Finance on the cusp of releasing new dollar
- This new bladeless fan is the future of wind turbines
- Hong Kong crypto exchange JPEX suspends trading amid SFC probe
- NASA to 'wiggle' Ingenuity's wings to assess damage
- Hodlnaut records nearly $200 million in a financial shortfall
最新文章
Zcash risk as ViaBTC controls 51% of hashrate
Massive earthquake hits Turkey, Musk offers help with Starlink
Ariana Grande Claps Back at Critics on ‘Yes, And?’
Binance could delist multiple stablecoins as MiCA takes effect next year
Dan Morehead believes that Bitcoin’s next bull market is on its way
BNB breaches key support