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Is it a good idea to bat for Basic Attention Token right now
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The Basic Attention Token (BAT) managed to take hold of everyone’s attention over the last 10 days. BAT investors were certainly elated until a week ago, however since then the picture changed very quickly. It now looks like the same investors are turning their ship around.
Over the week since its last all-time high BAT has been observing a downtrend during which it has already lost over 21%.
If this downtrend doesn’t break soon the coin could invalidate its November end week’s rally of 60%, 32% of which came just from 23 November.
Basic Attention Token price action | Source: TradingView – AMBCrypto
But looking at the state of on-chain metrics the chances of a revival for the rally are 50-50 currently.
Investors’ participation hasn’t been very
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