Basic Attention Token Price Prediction: Bullish Trend Renewed
The Basic Attention Token (BAT) price has renewed its bullish trend after crossing above the moving averages and reaching a daily high at $0.209. Here are some key statistics and data:
- Current BAT price: $0.204
- Market cap: $304.4 million
- Circulating supply: 1.48 billion
- Total supply: 1.5 billion
- Coinmarketcap ranking: #101
BAT/USD Market:
- Resistance levels: $0.250, $0.255, $0.260
- Support levels: $0.165, $0.160, $0.155
The BAT/USD pair is expected to continue its upward movement as it approaches the upper boundary of the channel. Currently, the price is above the 9-day and 21-day moving averages, indicating a possible bullish cross above the channel.
Basic Attention Token Price Prediction: BAT May Cross into the Higher Side
The Basic Attention Token price is recovering and aiming for the resistance level of $0.210. If the coin manages to cross above the channel, it could create additional highs. However, there may be more resistance levels at $0.210 and above.
The trend is currently in favor of the bulls, supported by the Relative Strength Index (14) moving above the 50-level. If the price breaks above the $0.210 and $0.215 resistance levels, it could potentially reach the resistance levels at $0.250, $0.255, and $0.260. On the other hand, a break below the moving averages could lead to support levels at $0.165, $0.160, and $0.155.
Against Bitcoin (BATBTC):
The BAT price against Bitcoin is consolidating and trading above the 9-day and 21-day moving averages. The bulls are pushing the price towards the upper boundary of the channel, which could lead to a breakout above the 830 SAT resistance level.
If the price decides to follow a downtrend, crossing below the moving averages could bring it to the critical support level of 600 SAT and below. The Relative Strength Index (14) is indicating more bullish signals as it moves above the 60-level.
Basic Attention Token Alternatives:
Looking at the daily chart, if the BAT price stays above the 21-day moving average, it is likely to break above the upper boundary of the channel with increased buyer pressure. The crossing of the 9-day MA above the 21-day MA would confirm the presence of bulls in the market.
Overall, the Basic Attention Token has gained significant popularity and is poised to create new crypto millionaires. It has already raised nearly $21 million in its ongoing presale phase.
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