BAT and XLM Have Moved Above Their 200-Day MA’s

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In Brief
  • BAT has broken out from a descending wedge and the 200-day moving average (MA).

  • The next resistance areas are found at 2670, 2850 and 3250 satoshis.

  • XLM is trading above the 50 and 200-day moving averages (MA), which have made a bullish cross.

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The prices of both Basic Attention Token (BAT) and Stellar (XLM) have broken out from important resistance levels. While BAT is currently moving upwards, XLM might retrace a little further before potentially reversing its trend. Basic Attention Token (BAT) The weekly chart shows that BAT has broken out from a descending wedge that had been in place since October 2019. The price has

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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