BAT Technical Analysis: Basic Attention Token Price Forecast for September 7

BAT Technical Analysis: Basic Attention Token Price Forecast for September 7


The Basic Attention Token Price Prediction: Aiming for the North

The Basic Attention Token (BAT) is on an upward trajectory as it seeks to surpass the moving averages. As of now priced at $0.170, BAT has a market cap of $250.6 Million and a circulating supply of 1.48 Billion tokens. With a total supply of 1.5 Billion tokens, BAT ranks at #110 on Coinmarketcap.

BAT/USD Market

Key Levels:

Resistance levels: $0.200, $0.210, $0.220

Support levels: $0.140, $0.130, $0.120

BAT/USD is as of now trading around $0.170 and is trying to cross over the 9-day and 21-day moving averages. The coin is as of now in a range-bound movement. To sustain its upward movement, BAT needs increased buying pressure.

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Basic Attention Token Price Prediction: Can BAT Cross Over $0.180 Level

The Basic Attention Token price is as of now moving sideways. If it manages to cross over the 9-day and 21-day moving averages, it is very likely continue its upward trend. Nonetheless, the red line of the 9-day MA remains under the green line of the 21-day MA, which could keep the coin on a downward trajectory. If the coin experiences bearish movement, the next support levels can be found at $0.140, $0.130, and $0.120.

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If the positive trend movement continues, the nearest resistance level is at $0.180. Further positive trend movement might propel the price towards the upper boundary of the channel, with resistance levels at $0.200, $0.210, and $0.220. The Relative Strength Index (14) suggests more positive trend signals may emerge.

BAT/ Bitcoin Trades Bullishly

Against Bitcoin, BAT is as of now currently worth 662 SAT over the 9-day and 21-day moving averages. If buying pressure increases, the market price could  accomplish the resistance level of 700 SAT. On the downside, if the market falls below the lower boundary of the channel, the next level of support could be at 570 SAT.

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On the positive trend side, further upward movement might propel the market towards the upper boundary of the channel, hitting the resistance level of 750 SAT and beyond. The Relative Strength Index (14) may confirm the positive trend movement if the signal line crosses over the 50-level.

Alternatives to Basic Attention Token

Although while other tokens could be losing popularity, BAT remains a “buy” recommendation due to its attractively low presale price. With gains exceeding $25 Million, acquiring some tokens at their current price before a whole lot of increase is a prudent decision.

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Hot Take:

The anticipated listing of Wall Street Memes before the end of these 30 days is excellent news for those seeking wise investment opportunities.

Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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