BASIC ATTENTION TOKEN Price Prediction: Long-term (BAT) Value Forecast – June 23
- The SMA indicators still suggest that the BAT/USD bulls may not be able to change the market’s direction far above the $0.35 upper range mark.
- There's the possibility that the bulls may be trapped subsequently after breaking past the immediate distribution territory at $0.40 point.
BAT/USD Long-term Trend – Ranging
- Distribution territories: $0.40, $0.45, $0.50
- Accumulation territories: $0.25, $0.20, $0.15
Basic Attention Token and the US dollar price valuation initially moved in a range around $0.35 mark which represents the market’s upper spot. On June 22, the market suddenly slipped down past its lower range mark at $0.30.
But, the downward market movement couldn’t keep long prior to witnessing a quick reversion after touching a low point at $0.25 immediate accumulation territory. Presently, the market has continued to hover around the upper range mark. The 50-day SMA is located near the upper range over the 14-day SMA. The Stochastic Oscillators now move around ranges 60 and 40 to affirm the stance of the current choppy price movements of the market.
The SMA indicators still suggest that the bulls may not be able to change the market’s direction far above the $0.35 upper range mark in the next trading sessions. Therefore, there’s the possibility of seeing the crypto-market reversing backward after a false breakout might have taken place.
Basic Attention Token (BAT):
Live Basic Attention Token (BAT) Price:
1 BAT/USD =$1.0918 change ~ 2.76%
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