Basic Attention Token Price: $0.35 Key BAT Resistance Levels: $0.41, $0.5 Key BAT Support Levels: $0.28, $0.2

*Price at the time of writing

BAT price long-term trend: Bullish

Basic Attention Token has experienced three months of significantly bullish momentum, providing the BAT market with tremendous gains. From the bottom of $0.1, where the whole bullish scenario started in early February, the BAT price headed up on a series of higher highs, crossing up the prominent 50-day and 100-day SMAs with a bullish drive all the way to $0.5.

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After the positive climb, the token retraced to find support around $0.28 before bouncing back above the 50 SMA. Still supported on the SMA, a swing high is likely to resume price actions to the $0.41 and $0.5 resistances. Breaking away from April’s top could position the cryptocurrency in a more positive trend.

If we consider a bearish move, the previous support of $0.28 might suppress selling pressure. Beneath this support lies the important $0.2 level. Meanwhile, the RSI has followed a reversal trending since April 2 - a divergence move is in play for the BAT market. With this important signal on the RSI, we see a further fall. For now, BAT is still holding above the 50-day SMA.

BAT price medium-term trend: Bearish

For the past three weeks, BAT has been trading below the $0.45 resistance following the last month’s decline, which has actually positioned the sellers in a dominat position. On a second attempt, the bears are trying to surge the token below the important 50 SMA and the 100 SMA a rejection last week.

If a further fall occurs, the market may encounter support around the tight area of $0.28 - $0.25, a crucial zone for the sellers to determine their next moves. A successful breach at this tight area may see BAT plummet to $0.20.

$0.41 remains a psychological resistance for the bulls, and the $0.45 and $0.5 levels will also be important to look out for in the next upward movement. Now that the RSI is reflected below the 50 level, we can expect a bearish continuation if the selling pressure increases. Regardless of the market’s uncertainty, the BAT market is projected in a downtrend for now.

BAT price short-term trend: Bullish

When the market waves in the middle of simple moving averages, plotted 50-day and 100-day, the price actions are certainly preparing for a fresh direction. Looking at the chart structure, the BAT market appears bullish on a short-term outlook.

Breaching the $0.34 controversial support might significantly drop the BAT price through a series levels sitting at $0.32, $0.30 and $0.28. Following the RSI trend, a downward move was revealed at the touch of the oversold territory. A bullish RSI may lead the bidders to $0.38, $0.4 and $0.42. For now, the $0.34 level is still supporting the market in a bullish continuation.