The post Will BAT Crypto Break the November High? appeared on BitcoinEthereumNews.com.

BAT price prediction stays bullish for the next few months till it sustains above the $0.2000 level. BAT crypto price took support near the 50-day EMA and showed a decent bounce. It shows the presence of buyers at the lower levels so downside risk is low.  The 50-day EMA positively intersected with the 200-day EMA indicating that an uptrend may continue. Meanwhile, the buying volume also surged and the price was positively impacted so the participation of the big players is visible.  In mid-November, the Basic Attention Token price attempted to break out of the $0.2600 hurdle. However, the sellers were active and succeeded in rejecting the price.  Later, the price witnessed booking and reversed downward. It retraced back to the previous breakout at $0.2000 and eroded 50% of the gains. Luckily, buyers were active near the support and succeeded in halting the downfall.  Gradually, the price recovered and reached the November 2023 high. But the question is whether the buyers can break the $0.2600 hurdle or face rejection. Will BAT Price Perform Well in the Coming Months? Source: BAT/USDT daily chart by Tradingview BAT price is in the recovery mode and buyers look more aggressive as compared to sellers. The short-term sell-off is getting absorbed near the support. It indicates that some big player is active and will not let the price go below the $2.000 level.  However, the next phase of recovery in BAT will trigger when buyers can break the $0.2600 hurdle. Till the price sustains above both the EMAs, the probability of breaking the $0.2600 barrier remains high.  The analysis suggests that BAT crypto price is inside the bulls’ grip and may show a good performance in the coming months.  BAT Price Analysis: Bears Losing the Grip in Supply Zone Basic Attention Token price is forming…

---

Filed under: News - @ December 7, 2023 10:26 pm