BAT Is Struggling to Surpass $0.2000
Basic Attention Token (BAT) is down 4.5% to $0.1870 this week, retreating from the $0.2000 resistance level for the second time in two weeks. Despite this decline, BAT is outperforming the broader market, with Bitcoin (BTC) down 5.2% to $64,590 during the same period.
There isn't a clear catalyst for BAT's relative strength. However, if the overall crypto market stabilizes, BAT might make a third attempt to break through the $0.2000 resistance. Successfully surpassing this level could help BAT re-enter the ascending channel that has been forming since August 17, 2023. Conversely, failure to break the resistance could see BAT dropping to support around $0.1500.
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