10 June 2023 : In this article we will walk you through Basic Attention Token price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Basic Attention Token, Is BAT a good investment? Basic Attention Token support & resistance levels etc. But before diving deep into the BAT technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,044,656,281,667. The total trading volume stands at $48,484,552,662. Bitcoin shares 47.73 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,697.04 level after a decline of -3.62%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.7 percent reaching to $1,745.07 during the previous 24 hours.
While publishing this blog, BNB traded at $236.28, following a price change of -9.98%within the same time frame. XRP the native coin of XRP is down by -8.37 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Basic Attention Token (BAT)
|BAT Resistance Levels||BAT Support Levels|
|Resistance Level 1||$0.31||Support Level 1||$0.27|
|Resistance Level 2||$0.33||Support Level 2||$0.24|
|Resistance Level 3||$0.35||Support Level 3||$0.22|
The price of Basic Attention Token (BAT) is at $0.22, up 1.62% in the past 24-hours and has a price change of 2.46% over the week. One day trading volume for BTC is 10,025,757.00 USD while total marketcap reached $332,127,377.00 USD. There are almost 1,489,138,514 are in circulation out of 1500000000.
BAT price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Basic Attention Token.
|Simple Moving Average (10)||0.29||Sell|
|Exponential Moving Average (10)||0.29||Sell|
|Simple Moving Average (20)||0.30||Sell|
|Exponential Moving Average (20)||0.30||Sell|
|Simple Moving Average (50)||0.31||Sell|
|Exponential Moving Average (50)||0.31||Sell|
The BAT/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. RSI implying near oversold phase while trading at 38 and is trying to break out of the bearish zone. The coin is going down as it break below two crucial support levels of $0.27 and $0.24. The market is not suitable for bulls and bears might take BAT towards the next support at $0.22. While BAT’s Williams %R indicator is at -39.588 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.
Basic Attention Token market shows a bullish signs, and bulls can push BAT higher in the coming sessions. BAT has a resistance at $0.31, beyond which the coin would move toward next crucial resistance at $0.33.