- Basic Attention price prediction suggests the downtrend momentum of BAT crypto as the coin is going through a descending parallel channel.
- BAT crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of BAT/BTC is at 0.0000149 BTC BTC with an intraday drop of 2.40%.
On the daily chart, the price of Basic Attention Token has successfully exited the parallel declining channel. BAT Crypto is currently working to maintain its position. Since August 2022, the token has been descending via the channel. Investors in BAT have been anticipating the token’s comeback above the channel for a very long time. Finally breaking through the channel, the token is now attempting to sustain itself. Bulls must now gather in order to give the token the throttle.
The Basic Attention Token’s market value fell to $0.25885 the day before by 4.14%. However, the number of trades declined by 44.01% during intraday trading. This shows how the bears are trying to convince short sellers to buy the token.
The BAT cryptocurrency price is attempting to remain above the channel. To keep the token in its position, buyers must give it the necessary upthrust. To demonstrate its recovery phase on the daily price chart, BAT cryptocurrency must increase. However, the volume change is below normal and must increase for BAT cryptocurrency to rise above the channel.
Ce sugerează indicatorii tehnici despre BAT?
Technical indicators point to a BAT token daily chart decline momentum. Relative Strength Index demonstrates the BAT cryptocurrency’s downward velocity. The RSI is at 39 and moving into oversold territory. The sideways motion of BAT crypto is visible on MACD. Over the daily chart, the MACD line is below the signal line. Investors in BAT must watch the daily chart for any directional changes.
Concluzie
On the daily chart, the price of Basic Attention Token has successfully exited the parallel declining channel. BAT Crypto is currently working to maintain its position. However, the volume change is below normal and must increase for BAT cryptocurrency to rise above the channel. The sideways motion of BAT crypto is visible on MACD. Over the daily chart, the MACD line is below the signal line. Investors in BAT must watch the daily chart for any directional changes.
Nivele tehnice
Niveluri de asistență: 0.20 USD și 0.15 USD
Niveluri de rezistență: 0.28 USD și 0.30 USD
Declinare a responsabilităţii
Părerile și opiniile exprimate de autor sau de orice persoană numită în acest articol sunt doar pentru idei informative și nu stabilesc sfatul financiar, de investiții sau de altă natură. Investiția în sau tranzacționarea activelor cripto implică un risc de pierdere financiară.
Source: https://www.thecoinrepublic.com/2022/11/12/basic-attention-token-price-prediction-bat-exploring-an-interesting-roller-coaster-ride/