- The 24-hour trading volume of Basic Attention token surged by 390%.
- The Basic Attention Token price is up by 29% in the last 2 days, indicating bullish dominance.
On a wider time frame, the Basic Attention Token (BAT) price has been in a bearish trend and failed to surpass the $0.300 hurdle. But in the short term, the BAT crypto price has been in a strong bullish trend and rose by 57% in a month showcasing the buyers’ grip.
Recently, the Basic Attention Token crypto price triggered a pullback and witnessed a one-directional momentum which raised the price by approximately 40%.
The current market price of Basic Attention Token is $0.326 with an intraday gain of 9.70%. The market capitalization is $489.54 Million which has increased by 16.50% in the last 24 hours. The 24-hour training volume is $191.58 and ranks 75th in the cryptocurrency market according to the trading volume.
BAT Crypto Price is at 52-Week High; What’s Next?
On a daily time frame, the BAT crypto price has been in a bullish trend and today it has recorded a 52-week high of $0.3600. The price has performed positively the past week which has risen by taking support on the 20-Day moving average and surpassed the strong resistance level of $0.2800.
BAT crypto price is near the resistance level of $0.3400 and the recent candlestick has shown a strong price rejection from the 52-week high. If the BAT price manages to sustain the resistance level and buyers accumulate, then the buyers will become strong.
If the BAT price gives a positive breakout with volume after consolidation for a few days then it may be considered as a genuine breakout and buying momentum for the next few weeks or months can be seen.
Alternatively, if the BAT cryptocurrency fails to sustain the $0.3400 level then it may easily melt to the $0.3000 mark. But if the profit booking initiates then selling pressure can be initiated and the price will drop below the $0.3000 hurdle.
BAT Price Prediction Over 4-H Timeframe
The BAT price has witnessed strong buying pressure for a few days and is currently at a 52-week high. On March 1st, the price triggered a pullback and rose by 17% intraday.
According to the technical chart, if the Basic Attention Token price faces resistance from the $0.3300 level and declines to the $0.3200 mark, then a pullback is possible. But if it fails to defend the $0.3200 level, then the investors will prefer to book profit which will lead to a bearish trend.
On the other hand, if the BAT crypto price surpasses the $0.3300 level and sustains, then buyers may become confident, and a spike in buying momentum can be expected.
Conclusion
According to the technical chart, the BAT price has been in a bearish trend for a wider time frame but buyers are dominating in the short term. The price has surged by approximately 40% in a week and it has approached a 52-week high. If the investors prefer to book profits then selling pressure can be expected.
Technical Levels
Resistance Levels: $0.3500 & $0.4000
Support Levels: $0.2700 & $0.2400
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.