• BAT/USD market has been more of falling than rising around its SMA trading indicators.
• The BAT/USD market bulls are most likely going to continue encounter strong market point at $0.35 mark.

BAT/USD Long-term Trend – Bearish

• Distribution territories: $0.40, $0.45, $0.50
• Accumulation territories: $0.20, $0.15, $0.10

The market moving forces of the BAT/USD have been more of falling than rising around its SMA trading indicators. Between June 26 and 27, the crypto-market recorded notable strong upward and downward movements in price.

During the course of that price action, the pair experienced slight breaks of $0.35 market territory on those two trading days. But, that of the 27th of June witnessed a longer length of lower market point as $0.25 was breached southwards on the day. But, as it is, the crypto has been showing a signal of recovery around the smaller SMA trading indicator. The 50-day SMA is located over the 14-day SMA. The Stochastic Oscillators have crossed at range 40 to slightly point to the north.

The BAT/USD market bulls are most likely going to continue encounter strong market point at $0.35 mark. As a result, it will most likely be a better zone for the bears to make a good entry in the market.

Basic Attention Token (BAT):

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