Over the week since its last all-time high BAT has been observing a downtrend during which it has already lost over 21%.
If this downtrend doesn’t break soon the coin could invalidate its November end week’s rally of 60%, 32% of which came just from 23 November.
Network growth as a result only observes a spike around the time BAT is performing well and goes back down soon after. This indicates that the altcoin is presently lacking solid support from the network to achieve a prolonged rally.
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