X

Basic Attention Token Price Analysis: BAT Crypto Price Forms A Strong Supply Zone In Between The Moving Average

  • BAT coin price is currently seeing a consolidated momentum but can soon test the new high. It is down by more than 0.8% in the intraday session
  • Basic Attention Token Price may soon see a breakout for $1 . Meanwhile, BAT/BTC pair has observed a loss of more than 7% in the intraday session.

BAT coin price is currently observing a consolidated move which can lead it to the next support. The asset price is currently looking to recover its lost gains and can soon touch the high of $1. Basic attention token price has seen a loss of more than 0.8% in the intraday session and is trading near the value of $0.73. BAT uses Brave browser to deliver the privacy advert content to its users and reward them with the BAT coin. The platform is designed to fairly reward the viewers for their attention while giving companies a good return on their money spent on advertisements. Basic Attention Token price is currently seeing a consolidated momentum but can soon revert to the uptrend. It has an ROI of more than 250% and is growing for more. One can forecast huge growth in BAT price in the future.

Basic Attention Token market dominance along with the market cap is seeing a strong recovery and can soon retain the previous levels. The coin price is down by 56% from its all-time high value. The volume to Market capitalization ratio for BAT hints towards a strong upside momentum in price. One can invest in BAT as per their needs and risk capacity 

BAT Crypto Price Bulls Are Ready To Push It For A New High

Source: Trading view

 The weekly technical chart of BAT price suggests a strong momentum for the upcoming weeks On coming to the daily time frame the coin has formed a strong supply zone.  BAT crypto price is trading in between the 50 and 100 Daily Moving Average, with an upcoming positive crossover. The 100MA price is at $0.68, making it a temporary bounceback region for the asset price. The breakout of the coin above the 50MA might push it to a new high. Resistance for the BAT on the bullish trend can be seen near $0.9, and on the downside, the support region can be found near $0.5.  BAT/BTC pair is also looking to give a positive breakout for a new high. 

Technical Levels

Major Support:$0.5

Major Resistance:$1

Get this news hand-delivered to you on Telegram. Join our Telegram for similar News and Information related to CRYPTOCURRENCY, BITCOIN, BLOCKCHAIN NEWS, and Price prediction

Categories: News
Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.