- BAT price is moving inside an accumulation zone with a hint of a downtrend. It has also given a negative crossover in the moving average on the daily chart.
- BAT token price is seeing a decrease in the retail investors from the past weeks. Meanwhile, the technical indicators suggest a downside momentum in the price for the upcoming days.
BAT coin price is currently trading near the value of $0.64 with an intraday loss of 1.4%. It came into investors’ range for its new way which powers a blockchain-based digital advertising platform. It is designed to fairly reward the viewers for their attention while giving companies a better return on their ad spends. Basic Attention Token price projects again up to $3 shortly. It has an ROI of more than 250% and has gained more than 7X in the past few months. BAT is correlated with Bitcoin and is expected to grow further up to $3 by the end of next year.
Basic Attention Token has a market capitalization of $959,934,258 and is ranked 66th in the crypto-verse. The volume of the coin has also seen an increase of 6.04% in the past 24 hours. The volume passed 24 hours. The volume to Market capitalization ratio for the asset is 0.199. If the ratio goes above 0.8, then an uptrend can be seen.
Technical Indicators Projects A Bearish Momentum For BAT Coin Price
BAT coin price is in a downtrend on the weekly technical chart. On coming to the daily time frame it is in a consolidated zone with a hint of bearish momentum. BAT price is trading below the 50 and 100 Daily Moving Average. There is a negative crossover in the DMA which can push the price further below. The 50MA price is at $0.9, making it temporary resistance for the coin. Resistance for the BAT on the upside can be seen near t$1.3, and on the downside, it will see support from $0.5. There is a formation of an accumulation zone in the daily chart. If the price breaks 17% above it, then a robust bullish momentum can be observed. BAT/BTC pair can also see a fall down to lower levels.
RSI(Bearish): RSI for the asset price is currently near 40 with a small negative slope. The negative slope formed in RSI hints at a downside momentum. If it crosses above the threshold of 60, then a strong uptrend can be seen.
Technical Levels
Major Support:$1
Major Resistance:$1.3