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BAT gears up for bullish ride; Link and Synthetix trend downwards

Rakshitha Narasimhan

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BAT gears up for bullish ride; Link and SNX trend downwards
Source: Unsplash

The market crash on March 12 turned the spotlight on altcoins; coins like BAT, Cardano, OKB have recovered faster than BTC. However, some coins like ChainLink and SNX are witnessing downward breakouts after recording a quick recovery, at the moment.

ChainLink [LINK]

Source: LINK/USD, TradingView

ChainLink has been trending upwards for some time and has maintained constant support at $2.01. The coin suffered a drop by 59% on March 12, but it soon recovered by 73% in a period of 3 days. MACD indicator with a bearish crossover confirms a downward price breakout.

Resistance: $2,38, $2.69, $3.86
Support: $2.01, $1.93, $1.68, $1.54

At press time:

Price: $2.28
Market Cap: $800,153,817
24-hour Trading Volume: $187,377,905

Basic Attention Token [BAT]

Source: BAT/USD, TradingView

Similarly, Basic Attention Token also indicates a symmetrical triangle formation, but CMF indicator which rests at 0.07 indicates a potential upward breakout. BAT’s price dropped by 62% during the ‘Black Thursday’; the price, however, rose by 64% in just a week’s time and has been maintaining the support at $0.12

Resistance: $0.16, $0.28, $0.20
Support: $0.12, $0.11, $0.09

At press time:

Price: $0.147
Market Cap: $211,682,287
24-hour Trading Volume: $69,192,542

Synthetix

Source: SNX/USD, coinmarketcapSNX has not been performing well since the start of February; it was one among the worst-performing altcoins in March. Synthetix Network Token rests at the 45th position. Additionally, the coin is down by -0.44% over the last 24 hours and is currently trading on 18 active markets, according to CoinMarketCap.

At press time:

Price: $0.658089
Market Cap: $116,383,599
24-hour Trading Volume: $1,745,753

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A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.

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