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BAT Price Analysis: BAT Coin Struggles to Break Above $0.80

  • BAT coin price action is in an uptrend of 3.6% during the intraday trading session.
  • The 24-hour trading volume is at $100 million.
  • BAT/BTC pair is trading positive by 1.6% at 0.00001630 BTC.

The daily technical chart of the BAT coin displays an upward trend. According to the pivot levels, the primary support level is $0.58. On the other side, if it rushes up, the resistance level to follow is $0.80. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upside with medium reliability.

The Zig-Zag framed a top of $1.69 on May 07. After that, investors can notice a massive correction of 75%, all the way low to $0.42. Now price levels are back around the range of $0.70 this week. 

The volume of (72.763K) is beneath the MA of 20-days (214.173K). As a result, volume is low in BAT, causing its price to struggle around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The RSI indicator gave a (bullish) signal with 67, projecting a buy signal in the coin. Investors may observe an inclining slope from 35 to 67. It may surge in future trading sessions.

BAT Coin Oscillators Indicates Bullish Move

Today’s Basic Attention Token price is 0.752473 USD, and the 24-hour trading volume is 100,742,523 USD. The price of BAT has risen by 3.6% in the past 24 hours. Its circulating supply is 1.5 billion BAT coins, and its total supply is 1.5 billion. In addition, the price moves around the resistance zone. The RSI indicator shows a buy signal, and the traders have guided low volume. Technically, the price shows signs of positivity and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $0.80

Support Level: $0.58

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.