Basic Attention Token lacked the volatility to support a significant price swing, but market strength was growing. As the price hit the $21.7 resistance range, Cosmos displayed some market weakness. Monero attempted to reclaim the area above $262.7 once more, and the indicators pointed to a successful outcome this time.
Meanwhile, Bitcoin continued to stagnate around $59k and noted a 24-hour trading volume of $45.2 billion.
Basic Attention Token [BAT]
After the price of Basic Attention Token fell from record highs, the Bollinger Bands remained compressed and volatile. This meant that the consolidation would most likely last for a few days before the next major breakout. The focus levels were $1.27 and $0.9, and the price was supposed to oscillate between these levels.
While the OBV remained stable at higher levels, there was no increase in purchasing activity. However, since trade rates were growing, it was difficult to ignore a bullish possibility. A break through BAT’s immediate resistance would result in new records, and good cues from the wider market might also drive the price towards the $1.5 level.
Weekly gains of 17% signalling a resurgence in the Cosmos market. If the market did crack through two overhead barriers from $16.7 support, the bears put up some resistance at $21.7.
At the time of publication, the RSI was displaying overbought conditions and had changed course. The OBV exhibited a bearish divergence, suggesting that the stock was not yet able to break through the $24 barrier. The following sessions would have more clarity on ATOM’s short-term trajectory. Meanwhile, for sharper market movements, 24-hour trading rates can be observed.
Monero climbed above its horizontal channel on the 4-hour timeline after an upward breakout from $239.05. Gains were capped at $262.7, and the MACD indicated a bearish presence in the market after the price was rejected at this stage. However, the index was closing in on a bullish crossover as XMR tried another breakout at the time of publication.
The ADX has been consistently rising for nearly two weeks, indicating a demand improving pattern. A break over the overhead resistance seemed possible, but higher amounts were needed to break through the next barrier at $282.9.
156 Interactions, 4 today