Although BAT, XTZ, and EOS had been under strain during the month of December, prices picked up pace over the past few trading sessions which painted a picture of optimism for the altcoins.
Basic Attention Token [BAT]
Source: BAT/USD, TradingView
While BAT’s price tried to gain momentum since mid-December after a difficult start to the month, resistance at $0.265 had thwarted upward movement and prices fell drastically over the past week. At the time of writing, prices were picking up once again after bouncing back from support at $0.208. In the short term, prices could continue to rise and test resistance at $0.222. A move higher could see BAT challenge next resistance at $0.239.
MACD was on the rise and implied that bullish momentum could continue to drive prices higher. Parabolic SAR also highlighted that BAT was moving upwards.
Source: XTZ/USD, TradingView
A look at XTZ’s price on the charts suggested that December had mostly been uneventful for the crypto asset. For the most part, prices traded within the confines of a tight channel, between $.203 and $2.43. Even though prices fell below the present support at $2.03 over the past few days, an upwards movement soon followed. In the near future, prices could move slightly…