BAT/USDT and GNO/USD prices hint at support and possible trend continuation. GNO prices may reach $300 while BAT prices are open for $0.95 in the days ahead. Gnosis (GNO) GNO is the primary token of this decentralized predictions market on Ethereum. Flexible, third-party developers can also introduce their services with Gnosis. Past Performance of GNO GNO/USDT technical analysis suggests weakness from a top-down perspective. However, in the last three days, there are hints of strength. At spot rates, the GNO price is up 21 and 15 percent, respectively, versus the USD and BTC. Meanwhile, trading volumes are decent, rising 31 percent to $3 million on the last trading day. Day-Ahead and What to Expect: Gnosis Overly, the GNO/USDT price is within a bear breakout pattern judging from development in the daily chart. Additionally, GNO prices are below the middle BB, pointing to sellers. Nonetheless, there is a double bar bullish reversal pattern reversing losses of May 23. The bullish engulfing bar may the basis for buyers to drive prices back to $300 in the medium term. GNO/USDT Technical Analysis The GNO price is under pressure, trading within a bear breakout pattern and below the middle BB. There is a double bar bullish reversal pattern from around the 50 percent Fibonacci retracement level of the Q1 2021 trade range in the daily chart. Presently, aggressive traders may load the dip with targets at $300 or May 2021 highs. Losses below $110—the 61.8 percent Fibonacci retracement level—invalidates the uptrend. Basic Attention Token (BAT) At the heart of the Brave browser–a blockchain-based advertising platform– is BAT. The token rewards users for their attention while providing advertisers a fair result for spending. Past Performance of the BAT BAT/USDT technical analysis points to bulls in the immediate term. It comes after weeks of rapid draw-down and sellers taking charge of proceedings. BAT prices are up 14 percent, although volumes have contracted slightly to around $300 million. Day-Ahead and What to Expect BAT prices are down roughly 80 percent from Q1 2021 peaks. Even so, there are hints of recovery, a net positive for buyers. There are long lower wicks in the daily chart, suggesting demand, although BAT/USDT prices are below the middle BB. BAT/USDT Technical Analysis BAT prices are trending in a bear breakout pattern. Immediate support lies at $0.50. Even with buyers flowing in, BAT bars are aligning along the lower BB, indicating bears. Still, aggressive BAT traders can load on dips with swing targets at $0.95. Losses below $0.50—the 78.6 percent Fibonacci retracement level of the Q1 2021 trade range—cancels bulls.
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