BAT is Losing Traction on General Negative Sentiment
Basic Attention Token prices performed a recovery during first half of September. The token added 10% in a serious effort to break through the downside trend.
The network development activity of the project’s network has increased substantially during this month; the number of active network addresses is rising too despite low activity from the whales. Such network activity supported primarily by small investors is a good sign of network’s development and attraction of the project.
However, most of this positive vibes were derailed by general negative sentiment as all risky assets went on sell-off after hawkish comments of the Fed’s Chair Jerome Powell. BAT has lost more than 3% on the news and continues to retreat from the resistance of $0.171 towards the support at $0.150.
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