Basic Attention Token Price Analysis: BAT looks positive for near future?

  • Basic Attention Token gain bullish momentum over the past week gaining 13.2%.
  • 24-hour trading volume for Basic Attention Token is hovering at $26,732,021.00.
  • The EMA(50) is currently at $0.31.
  • Basic Attention Token has a medium term resistance at $0.33.

29 February 2024 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,270,459,173,853. The total trading volume stands at $155,608,056,446. Bitcoin shares 53.01 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $61,240.58 level after an upward movement of 1.47%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.07 percent reaching to $3,348.99 during the previous 24 hours.
While publishing this blog, BNB traded at $402.25, following a price change of -1.46%within the same time frame. SOL the native coin of Solana is up by 12.08 and currently trading at $127.33. Additionally, XRP reached $0.60 after seeing a uplift of 4.54% 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.

Basic Attention Token Support and Resistance

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

Basic Attention Token Performance

The price of Basic Attention Token (BAT) is at $0.20, up 1.55% in the past 24-hours and has a price change of 13.2% over the week. One day trading volume for BTC is 26,732,021.00 USD while total marketcap reached $302,023,630.00 USD. There are almost 1,490,115,132 are in circulation out of 1500000000.

Basic Attention Token Price Analysis

BAT price analysis for 29 February 2024 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.

Moving Averages Price Indicator
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 Basic Attention Token has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take BAT price below the crucial support level of $0.27. 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.