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BAT Price Analysis: BAT Crypto is on The Way Towards $1.0 Mark

  • The BAT crypto price is at an upward trend of around 2.9% during the intraday trading session.
  • The 24-hour trading volume is at $153 million.
  • BAT/BTC pair is also trading positive by 2.6% at 0.00001754 BTC.

The daily technical chart and price action of BAT crypto display an upward trend. According to the pivot levels, the primary support level is $0.74. On the other side, if it rushes up, the resistance level to follow is $0.90. Although the chart forms a bullish harami candlestick pattern within the day, it is predicted that the price may remain upwards with medium reliability.

The Ichimoku Cloud, consisting of lead 1 & lead 2 with a displacement value of 1. It operates as a pivot level and a leading indicator in the asset price change. Investors may witness the price break above the Red Moku Cloud and now flies above the Green Moku Cloud, so until the price resides above the Green Moku Cloud, it will assure a bullish trend in BAT.

The volume of (117.356K) is below the MA of 20-days (376.295K). As a result, the volume is moderate, causing its price to remain at the pivot zones. 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 Stochastic RSI (bullish) with a value of K-11 D-8 presents a buy signal in the coin. Investors may observe an inclining slant and a positive crossover in the index. It may remain in positive territory for future trading sessions.

BAT Crypto Oscillators Indicate Bullish Move

Today’s Basic Attention Token price is 0.835151 US dollars, and the 24-hour trading volume is 153,355,750 US dollars. The price of BAT has risen by 2.9% in the past 24 hours. Its circulating supply is 1.5 billion BAT coins, and its total supply is 1.5 billion. The Stochastic RSI indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price is showing stability around the pivot zone and remains in an upward trend. Therefore, as with overall market sentiment, the trend remains bullish in upcoming trading sessions.

Resistance Level: $0.90

Support Level: $0.74

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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.