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Brave: BAT token price goes up 11%
Brave: BAT token price goes up 11%
Trading

Brave: BAT token price goes up 11%

By Federico Izzi - 25 Mar 2020

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One of the biggest rises of today is the price of Basic Attention Token (BAT), which with a jump of 11% is among the top three of the top 100. BAT benefits from Brave’s announcement concerning the partnership with Binance. With today’s increase, the price of BAT will rise more than 80% after having sunk below 10 cents on March 13th, which was the all-time low.

With today’s rises, BAT continues to react and revises the 16 cents, a very important level of resistance that is becoming noticeable.

Among the worst, there are no particular declines, although the first 10 are all below parity. 

coin360 20200325
Source: COIN360.com

Monero (XMR) continues to hold very well and is still fluctuating around the parity today.  With the increases that are characterizing it, the privacy coin conquers the 12th position in the ranking.

With the current downturn, the market cap remains at $180 billion, with overall trading volumes above $100 billion. 

Trading volumes are still very strong as far as Bitcoin is concerned, which yesterday, for the second day in a row, saw volumes of more than 2 billion dollars.

The dominance of Bitcoin remains above 65.5% while Ethereum and Ripple are unchanged from yesterday’s levels, respectively above 8% and below 4%. 

BTC 20200325
Bitcoin chart by Tradingview

Bitcoin (BTC) price

Bitcoin, in the last few hours, attempts to break the previous weekly maximum by pushing itself one step closer to $7,000.  Profit-taking then prevailed, rejecting prices below $6,500

In a weekly perspective, BTC prices should not go below $5,600-5,500.  A sinking below this level would begin to give a first warning signal on a weekly basis. 

It should be noted that the current weekly cycle, if thus confirmed, with the $5,500 holding, would be the first to rise after more than a month.

ETH 20200325
Ethereum chart by Tradingview

Ethereum (ETH)

Ethereum tries to follow Bitcoin’s lead and push over $145, but without the support of the volumes, it can’t keep the same momentum, managing to reach the $143 and missing the mark by $3, falling back under $135 at the moment. 

For Ethereum, like for Bitcoin, even if with a weaker trend, the weekly cycle is about to end. 

It is important to hold on to the $115 over the next few days. A hold of this level of support that coincides with the weekend lows would also give a first bullish signal for Ethereum after more than a month. 

 

Federico Izzi
Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. Since May 2017 he is officially a Bigbit technical analyst. He was interviewed as a #cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on #Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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