BAT is Losing Traction
Basic Attention Token (BAT) prices are declining by 4.5% to $0.23 after touching a resistance at $0.25 on the weekend. A correction is typical in such situation. However, this time a correction could be extended by another 12% to the support at $0.20. A downside sentiment in the crypto market is pushing BAT prices down too. It looks like spot Bitcoin-ET rally is over after BTC hit the resistance at $36,000-38,000 per coin. Bitcoin prices rolled back by 2.5% in the recent two days.
The halving of Bitcoin is a month ahead, which may give BTC some time to drop towards the support at $24,000-28,000. Altcoins’ prices are likely to follow. BAT has simply not enough strength to continue its 50% rally since October 16. Positive BAT network’s metrics like increasing development activity and rising social media activity could not help prices to continue up.
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