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Basic Attention Token Price Analysis: Will BAT Coin Price Hit The $1 Mark Before Jumping To A New High?

  • BAT coin price is currently seeing a downside trend and can soon see a new high in the future. It has observed a dip of more than 11% in the intraday session.
  • Basic Attention Token Price technical indicators hint towards a bearish trend in price. Meanwhile, BAT/BTC pair has also observed a dip of more than 6%.

BAT coin price is currently in a strong downside move with the fall in Bitcoin in the past session. The resource cost is presently seeing a downside trend and can before long return to another high. Basic Attention token cost is right now exchanging close to the worth of $1.16 and has seen a deficiency of over 12%. BAT utilizes the Brave program to convey the security advert content to its clients and award them with the BAT coin and different others. The stage has been genuinely intended to remunerate the clients and give the financial backers a re-visitation of their speculations. Basic  Attention Token cost is as of now noticing a downside trend and can soon see a new high in the future. It has an ROI of over 250% which may soon see growth in the future. One can gauge an immense return in the BAT in the future.

Basic Attention Token market predominance alongside the market cap is in a downside trend and can soon see a new high in the future. The asset has to cover more than 40% of its current value to reach high. The volume to Market capitalization proportion for BAT suggests a bearish move in price and can long before see a new high. One can put resources into BAT according to their requirements and risk capacity.

BAT Coin Price Might Observe A Downside Correction In The Future

Source: Trading view

 The weekly technical chart of BAT price hints towards a consolidated momentum in the price for the future. On coming to the daily time frame the asset is seeing a bearish move and can soon see a new high in the future.  BAT crypto price is trading below the 50 and 100 Daily Moving Average, and can soon see a positive crossover in the future. The 100MA price is at $0.68, making it a temporary support region for the price. The breakout of the coin above the 50MA can see a strong upside move in the future. Resistance for the BAT while moving forwards can be seen near $1.2.  BAT/BTC pair can see a new high in the future

Technical Levels

Major Support:$0.5

Major Resistance:$1.5

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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.