Basic Attention Token – ready for a bounce or about to fall through the floor? While majors are chopping after the latest crypto headline storm about regulation and ETF flows, BAT quietly slid back into a big historical demand zone. According to industry sources, interest around privacy and ad‑tech tokens is picking up again, so this pullback happens right where longer‑term players tend to reload.
On the 4H chart, price is sitting in that thick orange support block with visible volume memory and RSI hanging near the low 30s after a sharp dump. I’m leaning bullish from here – classic “liquidity grab into demand” vibe – looking for a mean‑reversion push back toward the recent local highs. If buyers step in, this could turn into a short‑squeeze setup as late shorts get trapped.
My plan: ✅ look for a higher low or a strong green 4H candle from this zone and target the mid‑range levels above, then potentially the upper red resistance area if momentum really kicks in. If we lose this orange block with clear selling volume, I switch bias – below here it can quickly slide to fresh lows and the bounce idea is dead. I might be wrong, but for now I’m stalking longs and letting price action prove me right or stop me out fast.
