2020-8-21 16:26 |
Basic Attention Token (BAT) is another of many altcoins that have managed to reach a new YTD recently, thanks to a series of bull runs that took place over the summer. BAT has now gone past $0.40, after growing by nearly 20% in the last 24 hours.
BAT before the mid-March price dropBAT has not seen that much activity in 2020, at least when compared to other cryptocurrencies. Its YTD chart shows that the token has had plenty of small oscillations throughout the year. Its price is constantly going up and down, but only by a small amount.
However, the bigger picture shows that the coin has also had a movement that accurately follows the market sentiment.
For example, BAT started the year just below the price of $0.20. During the first few weeks of January, its price was rather stable, apart from the mentioned small oscillations.
In late January, it grew a bit, which was followed by a strong surge in the first half of February. After reaching its peak in the middle of the month, BAT dropped, and then crashed past the support at $0.20 in mid-March.
BAT after the price crashIn months that followed, BAT saw consistent growth — once again, accompanied by numerous small ups and downs. But, on a greater scale, it kept going up, as can be seen in a chart above.
This was noticed by the community that bought BAT along the way, further fueling its growth. However, the coin then came to a stop after hitting $0.27.
It remained below this level from late June until only a week ago, when it started seeing a major spike up. This surge took it up to $0.36, and while this level briefly troubled it, BAT finally broke it earlier today, thus continuing its strong surge, which took it to the current price of $0.415127.
ConclusionBAT price followed the market sentiment throughout the year, and only about a week ago, it started surging up rather strongly. Today, it managed to breach a major resistance and skyrocket by 20%.
The post Basic Attention Token (BAT) breaches $0.40 after 20% surge appeared first on Invezz.
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