The past month has been very bullish for all cryptocurrencies. That is to be expected, as Bitcoin has shown plenty of signs of recovery.

For Basic Attention Token price watchers, there have been plenty of gains along the way. Today may signal a small reversal, but the overall uptrend hasn't been broken in any way. 

Basic Attention Token Price Trend

All cryptocurrency markets have come a long way over the past 30 days. When looking at the Basic Attention Token price, this becomes apparent quickly. Its value has jumped from $0.183277 to $0.257024 in very quick succession. It has not been a straight shot up, as there is always plenty of pushback along the way. 

Once the $0.223 level was broken, there hasn't been any real bearish pressure to speak of. This weekend is a bit different, but that is only normal. Weekends are notorious for volatility that wouldn't take place otherwise. It doesn't affect the Basic Attention Token price too much, but there will be some volatility.

Even on this Sunday, BAT generated ample trading volume. That is a good sign for those hoping to extend the overall uptrend. Top trading pairs are BAT/BTC and BAT/ETH. A lot of the volume comes from LAToken, IDCM, Binance, and Exrates. Nothing out of the ordinary in this department. 

BAT/USDT Technical Indicators

Bollinger Bands: The BAT Bollinger Bands are wide open, confirming there is ample liquidity to go around. As a red candle is forming on the daily chart, it will be interesting to see if it engulfs the previous green one. So far, that is not necessarily the case, but the day is far from over. 

Moving Averages: Bullish action for BAT in this department. The MA20 cross the MA200 roughly two weeks ago. Today, the MA50 is also crossing the MA200. An overall confirmation of the Basic Attention Token price uptrend. 

RSI: BAT Appears to be dropping out of overbought territory into the neutral zone again. The downward slope remains in effect, indicating that today may prove to be a potential turning point for the overall trend. A bit of accumulation wouldn't hurt this market by any means.

Fibonacci Retracement Levels: BAT/USDT is currently on the border of a Fib level. That is often an area for excitement that can easily swing either way. With a red candle taking shape, a drop to the previous Fib is not out of the question. That would take the Basic Attention Token price to $0.2269. A steep decrease, but it will mainly hinge on how well Bitcoin performs.  

Resistance Levels:  The current $0.2567 level is a resistance of its own. That is primarily due to it being very close to the Fib level of $0.2533. Since that level has not been broken definitely, it may remain a point of contention for a while. If it cannot be overcome successfully, a drop to $0.2269 is certainly possible. In terms of upward potential , the next resistance sits at $0.276, which may prove somewhat difficult to overcome right now.

Like this kind of analysis? Make sure to check out https://fintoism.com for daily market analysis posts!