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. Currently 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 currently trading around $0.170 and is attempting to cross above the 9-day and 21-day moving averages. The coin is currently in a range-bound movement. To maintain its upward movement, BAT needs increased buying pressure.
Basic Attention Token Price Prediction: Can BAT Cross Above $0.180 Level
The Basic Attention Token price is currently moving sideways. If it manages to cross above the 9-day and 21-day moving averages, it is likely to continue its upward trend. However, the red line of the 9-day MA is still below 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.
If the bullish movement continues, the nearest resistance level is at $0.180. Further bullish movement could push 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 bullish signals may emerge.
BAT/BTC Trades Bullishly
Against Bitcoin, BAT is currently trading at 662 SAT above the 9-day and 21-day moving averages. If buying pressure increases, the market price could reach the resistance level of 700 SAT. On the downside, if the market drops below the lower boundary of the channel, the next support level may be at 570 SAT.
On the bullish side, further upward movement could push 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 bullish movement if the signal line crosses above the 50-level.
Alternatives to Basic Attention Token
While other tokens may 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 significant increase is a prudent decision.
Hot Take:
The anticipated listing of Wall Street Memes before the end of this month is excellent news for those seeking wise investment opportunities.
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.