Bitcoin SV has fallen below a retracement level following its recent gains, with the crypto retesting at the same level as resistance. The Basic Attention Token has passed $ 0.5, but it remains to be seen if the bulls can push higher. Finally, Compound has shown signs of rising above its resistance level at $ 494.
Bitcoin SV [BSV]
For BSV’s move from $ 157 to $ 240 since the end of January, the Fibonacci retracement tool has highlighted some retracement levels that could serve as support. Recent trading sessions have seen BSV drop sharply to the 38.2% retracement level and rebound to test the 23.6% level at $ 217 as resistance.
Even on the 4-hour chart, the trading volume was declining, while the MACD formed a bearish cross. The retest of $ 217 as resistance indicated further losses for BSV, but it was not necessarily a long-term uptrend reversal, but rather only a pullback.
BSV can be expected to experience some demand in the $ 204 and $ 194 areas.
Basic attention token [BAT]