Brothers, recently BAT has dropped 7.2%, with the current price at $0.25907, directly touching the lower band of the 4-hour Bollinger Bands (0.25948). It may seem like panic, but in fact, it’s a rare opportunity for strategic positioning!
Core data support, BAT’s potential should not be underestimated
1. Support level as solid as a rock: The 4-hour line at $0.25948 is a strong support at the lower Bollinger Band, and the previous low of $0.24019 formed a double bottom structure. The current $0.25907 is very close to the support level, with only 4% downside potential, but over 12% upside potential! 2. Volume release in place: 24-hour trading volume is 570,200 USDT, 30% lower than during the initial decline, indicating that selling pressure has basically been cleared, and funds are quietly accumulating; 3. Mid-term trend unchanged: The 4-hour MA60 (at $0.26386) remains a mid-term support. Previously, it rose from $0.24019 to $0.29294, a 22% increase, proving it has strong rebound potential.
Clear growth space ahead
- Short-term rebound first target: $0.275 (4-hour MA20 level), about 6% increase; - Mid-term rebound second target: $0.293 (previous high), over 13% increase; - Long-term outlook: The DeFi sector continues to warm up. As an established DeFi token, BAT relies on the blockchain advertising ecosystem. Once sector rotation occurs, it is expected to break through a 20% increase!
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Brothers, recently BAT has dropped 7.2%, with the current price at $0.25907, directly touching the lower band of the 4-hour Bollinger Bands (0.25948). It may seem like panic, but in fact, it’s a rare opportunity for strategic positioning!
Core data support, BAT’s potential should not be underestimated
1. Support level as solid as a rock: The 4-hour line at $0.25948 is a strong support at the lower Bollinger Band, and the previous low of $0.24019 formed a double bottom structure. The current $0.25907 is very close to the support level, with only 4% downside potential, but over 12% upside potential!
2. Volume release in place: 24-hour trading volume is 570,200 USDT, 30% lower than during the initial decline, indicating that selling pressure has basically been cleared, and funds are quietly accumulating;
3. Mid-term trend unchanged: The 4-hour MA60 (at $0.26386) remains a mid-term support. Previously, it rose from $0.24019 to $0.29294, a 22% increase, proving it has strong rebound potential.
Clear growth space ahead
- Short-term rebound first target: $0.275 (4-hour MA20 level), about 6% increase;
- Mid-term rebound second target: $0.293 (previous high), over 13% increase;
- Long-term outlook: The DeFi sector continues to warm up. As an established DeFi token, BAT relies on the blockchain advertising ecosystem. Once sector rotation occurs, it is expected to break through a 20% increase!