The BAT price action shows a bullish breakout attempt of the prolonged consolidation range between the $0.35 and the $0.45 mark. Key technical points: Basic Attention Token(BAT) prices have been trapped within a consolidation range for almost three months, with a bearish drop to $0.28. The decreasing bearish spread between the 50 and 100-day SMA teases a bullish crossover. With a market cap of $649 Billion, the intraday trading volume of Basic Attention Token has increased by 165% to reach $111 Million. Past Performance of BAT The BAT price action bullish reversal from the $0.28 mark to keep continuing the sideways trend between $0.35 and the supply zone at $0.45. However, the bullish surge fails to exceed the supply zone despite multiple attempts leading to higher price rejection candles near the overhead resistance. Nonetheless, the ongoing bullish cycle takes an early launch from the 50-day SMA to reattempt a bullish breakout. Source- Tradingview BAT Technical Analysis The BAT price action 7.12% jump today to reach the overhead resistance at the $0.45 mark. However, the traders hoping for a breakout rally should wait for a price action confirmation to avoid a bearish reversal trap. The 50-day SMA closes in on the 100-day SMA teasing a bullish crossover reflecting an improvement in the underlying bullishness. Hence, the possibility of a bullish breakout increases. The RSI slope shows a bullish turnaround from the halfway lin...
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