- BAT Coin price can give a positive breakout from its consolidation phase in the upcoming days. It may hit a high of $0.8 in the future.
- Technical indicators for BAT price suggest a continuation in uptrend for the future. Meanwhile, BAT/BTC pair can also see an uptrend in the future.
BAT coin price is currently observing an uptrend and is trading near the value of $0.58. The asset price has seen an increase of 11% in the intraday session despite the fall in BTC. BAT platform caught the eyes of investors for its new and unique way by which it powers a blockchain-based digital advertising platform. The platform is designed to fairly reward the viewers for their attention while giving companies a better return on their money spent on ads. Basic Attention Token price has been moving up against the market. It has an ROI of more than 250% and is expected to grow more in the future. BAT/BTC pair can also see similar gains in the upcoming days.
Basic Attention Token has a market capitalization of $859,934,258 and has a market dominance of more than 0.07%. The volume of the coin has also been on a rise with a gain of 105% in the past 24 hours. The volume to Market capitalization ratio for the BAT is near 0.4185, suggesting a consolidated momentum. If the ratio goes above 0.8, then a strong bullish momentum can be seen.
Technical Indicators Projects A Strong Uptrend For BAT Coin Price In The Future
The weekly technical chart of BAT highlights a consolidated momentum for upcoming weeks . On coming to the daily time frame the price can give a positive breakout in the future. BAT coin price is trading below the 50 and 100 Daily Moving Average. The 50MA price is at $0.62, making it a temporary hostile region for the coin. Resistance for the BAT while going upside can be seen near $0.81, and on the downside, a bounceback can be seen from $0.4. If the price jumps 17% above the current price , then a robust bullish momentum can be observed. BAT/BTC pair can also observe a breakout above the current point . One can position their funds in BAT as per their risk adversity.
Technical Levels
Major Support:$1
Major Resistance:$1.3