Cardano Creator Unveils Cross-Chain Airdrop Targeting XRP Holders
Glacier Drop Airdrop Announcement: Charles Hoskinson, founder of Cardano, announced the Glacier Drop, a large-scale token distribution event targeting over 37 million users across eight blockchain networks, introducing two new tokens, NIGHT and DUST, aimed at promoting fairness by excluding allocations to VCs.
Encouraging Cross-Chain Collaboration: The Midnight sidechain, which supports cross-chain participation and allows developers to pay fees in their native currencies, aims to foster cooperation among different blockchain communities, addressing competition that hinders industry growth.
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Technical Analysis for BAT
Technical Sentiment Analysis for Basic Attention Token (BAT). As of , Basic Attention Token (BAT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BAT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BAT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Basic Attention Token (BAT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0618 | 0.0794 | 0.102 | 0.12 | 0.143 | 0.16 | 0.183 |
| Fibonacci | 0.0794 | 0.0948 | 0.104 | 0.12 | 0.135 | 0.145 | 0.16 |
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