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Basic Attention Token Price Analysis: BAT Coin Price Is Ready For Negative Crossover In Moving Average

  • BAT coin price sees a downside momentum despite the rise in the overall market. It is currently down by more than 0.62% in the past 24 hours.
  • Basic Attention Token Price technical indicators suggest a strong bull rally in the price for the future. Meanwhile, BAT/BTC pair has seen a loss of more than 0.55%.in the intraday session.

BAT coin price is currently seeing a strong downside correction and can soon see a new high business. The asset price is currently seeing a strong consolidation and can soon revert to a new high. Basic attention token price is currently trading near the value of $0.7 and has seen a loss of more than 0.75%. BAT uses Brave browser to deliver the privacy advert content to its users and reward them with the BAT coin and various others. The platform has been fairly designed to reward the users and give the investors a return on their investments. Basic Attention Token price is currently observing a consolidation but can soon see a new high. It has an ROI of more than 250% and can soon see a new high. One can forecast a huge return in the BAT in price in the future.

Basic Attention Token market dominance along with the market cap is seeing a downslide and can soon see a new low. The coin price has to cover more than 40% of the current level to reach a new high. The volume to Market capitalization ratio for BAT suggests a strong bull trend in the future. One can invest in BAT as per their needs and risk adversity.

BAT Coin Price Might Observe A Downside Correction In The Future

Source: Trading view

 The weekly technical chart of BAT price hints towards a bearish trend for the future. On coming to the daily time frame the asset price is seeing a downside momentum.  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. The breakout of the coin above the 50MA can push it to a new high. Resistance for the BAT while going upwards can be seen around $1.1.  BAT/BTC pair can also see a strong bull trend in the future.

Technical Levels

Major Support:$0.5

Major Resistance:$1

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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.