BAT, Stellar, OKB Price Analysis: 30 December

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After a minor correction, the world’s largest cryptocurrency Bitcoin ^[1] climbed once again on the charts and headed towards the $28,000 mark. However, not every altcoin in the broader market was able to follow Bitcoin’s movement. Altcoins BAT and Stellar went against the trend and registered price drops, while OKB continued to rise upwards.

Basic Attention Token [BAT]

Source: BAT/USD ^[2], TradingView

A look at the charts indicates that the Basic Attention Token has been in a downtrend since the latter half of December. After meeting resistance at $0.65, prices dropped by over 33% in the next one week as selling pressure mounted on the crypto asset. Since then, prices have consolidated between $0.222 and $0.208. The said consolidation could continue in the short term, with neither sellers nor buyers taking control of the market.

The Bollinger Bands indicated less volatility in price and could continue to trade on the lower band for a few more sessions before a pullback takes place. In case a reversal comes sooner than expected, prices could rise and test resistance at $0.239

The Awesome Oscillator was neutral to bearish with the red bars having moved below the Zero line.

Stellar [XLM]

Source: XLM/USD ^[3], TradingView

The past week has been rough on Stellar. Prices have fallen by nearly 13% in the last seven days, placing the cryptocurrency among the top losers of the

BAT, Stellar, OKB Price Analysis: 30 December

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