Even a quick glance at the weekly chart of Basic Attention Token (BAT) is enough to recognize that the once very promising uptrend had been literally shattered to pieces by the bears who applied such an immense selling pressure that the price action took the shape of a clear-cut V-shaped correction that is far from being over.
BAT is taking another slide to the downside
1-week BAT/USDT chart
The BAT market is a classic example of how ruthless the cryptocurrency market could be at times. After a long but confident recovery to $0.25 - the price level that preceded the coronavirus crash - Basic Attention Token had engaged in a strong rally that lasted for three weeks and held the promise of a full-fledged secondary uptrend.