- BAT Crypto price is currently in a consolidated momentum and can soon revert to the uptrend. It may soon breakout above the $1 mark
- Technical indicators for BAT price suggest a consolidated momentum for upcoming days. Meanwhile, BAT/BTC pair can also observe a new high in the future
BAT crypto price is currently seeing a halt from the uptrend but can soon breakout the previous resistance. The asset price has seen a gain of more than 100% in the past one month. 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 is observing a strong momentum for a new high. It has an ROI of more than 250% which has always attracted the investors towards it. BAT/BTC pair can also breakout from the previous resistance in the future.
Basic Attention Token has has a market dominance of more than 0.07% and is ranked 85th in the CMC. The volume of the coin along with the market cap has seen a significant increase in the past few days. The volume to Market capitalization ratio for the BAT is near 0.2019, suggesting a consolidated momentum. If the ratio jumps above 0.8 then a strong upside momentum can be observed.
BAT Coin Price Technical Indicators Suggests A Strong Upside Momentum In Future
The weekly technical chart of BAT highlights a strong upside momentum in price for upcoming weeks . On coming to the daily time frame the price has seen a positive breakout for a new high. BAT crypto price is trading above the 50 and 100 Daily Moving Average. The 100MA price is at $0.67202, making it a temporary bounceback zone for the coin. Resistance for the BAT while going upside can be observed near $1, and on the downside, a bounceback can be seen around $0.4. There is a formation of an upside parallel channel on the daily chart. If the price breaks further below the pattern then a strong downtrend can be observed in price.BAT/BTC pair can also see new highs being formed in future . One can position their funds in BAT as per their risk capacity and price action.
Technical Levels
Major Support:$0.4
Major Resistance:$1