436 Interactions, 4 today
The Basic Attention Token was hovering just above the $1 mark. As its downtrend progressed, NEM experienced considerable uncertainty. Tezos moved within a band and looked to be on the brink of a move to $4.5 in the coming days.
Basic Attention Token [BAT]
In the previous week, the descending channel (cyan) illustrated a strong pattern for BAT. Fibonacci retracement thresholds were also used as guidance, as shown by the quick bounce off the 50% retracement mark at $0.94.
However, momentum would most likely cause BAT to fall below the $1 mark once more, as MACD was below the zero axis. The latest rebound resulted in a bullish crossover, but this is not yet a signal of bullish strength.
Consolidation above the $1 mark over the next few days is likely, which could lead to BAT recovering back towards $1.25 in the coming weeks. If BAT falls below $1, it will likely shift to $0.94, and potentially lower.
XEM was valued at $0.84 in early March, but has since sustained substantial losses. The $0.4 mark reflects the 50% retracement of XEM’s rise from $0.189 to $0.86, and the retest of the same as resistance was a bearish development.
Support at $0.351 failed to hold, and XEM could fall below $0.34, the 61.8 percent retracement mark. The Chaikin Money Flow tracker was in neutral territory, suggesting buyer-seller equilibrium, while the Amazing Oscillator was below the zero axis.
For the last 20 days, XTZ has traded in a range of $3.79 to $4.5. At the time of publication, the price was slightly higher than the midpoint of the spread, at $4.13. A shift to each side of the mid-point signals a move to the range’s boundary.
The RSI was at 51, and momentum had been neutral for a few days. XTZ had recently bounced strongly from range lows to retake the mid-point and seemed to be in the process of checking it as support, suggesting that XTZ would possibly climb higher in the coming days to challenge $4.5 as resistance.