Price Analysis

Basic Attention Token (BAT) Price Analysis: Following the Market Trend, BAT Shows Some Sturdiness

The action in Basic Attention Token is directly affected by the movement of Bitcoin and Ethereum. Interestingly, both the top two cryptos have shown a bit of strengthening and so does BAT. It seems that the declining storm has passed and this bull run has come as a breath of fresh air.

Current Statistics of BAT to USD:

BAT price chart - Aug 13
BAT Chart By TradingView
  • On August 12, at UTC 09:28, Basic Attention Token (BAT) vs. USD was trading around 0.20443797 USD.
  • Against Bitcoin, the crypto was valued around 0.00001806 BTC per chip.
  • At present, the coin is ranked at 33rd position in the crypto market.
  • Additionally, the market capitalization of the coin is around 261,588,597 USD.
  • At the same time, the 24-hour trading volume in the altcoin is 29,032,880 USD.
  • With a return on investment of 21.79%, a total of 1,276,725,522 BAT chips were circulating in the market at the time of writing.

Basic Attention Token Comparison:

On July 18, BAT coin was trading around 0.2308837 USD. Nevertheless, today after 25-days, the crypto has declined by 11.15%. In the weekly trading, the altcoin has gone down as well by 11.69% from the trading price of 0.23290019 USD on August 06. However, the digital currency has shown some strength in yesterday’s trading. The coin opened, the previous day, at 0.202737 USD and with a slight bounce-back of 2.59%, it wrapped the day at 0.207989 USD.

BAT Price Prediction:

After a week of decline, BAT token has shown some strengthening in yesterday’s trading. However, making any bullish forecast at these levels is pretty intricate, especially for the short-term. For now, the immediate resistance for the coin is at 0.2067 USD, and the support level is at 0.2034 USD.

Conclusion:

As far as trends in Basic Attention Token is concerned, the crypto is slightly bullish in the short-term. However, the long, as well as the medium-term, is bullish.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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