Price Analysis

Basic Attention Token Price Analysis: Again, The Fear Turned Out To Be The Reality Of BAT

Finmax

It was just yesterday when BAT prices highlighted a little hope as it peeped up above the bearish line. But we had also taken this as a mirage of the onset of bullish trends due to its history of such mishaps. It has already lost its significant amount of value to BTC earlier and will remain in the verge of the same throughout this year as the market condition for BAT is not expected to improve before the end of 2019.

BAT Coin Price Current status:

  • Price in USD: 0.3239 USD (02:31 UTC)
  • Price in BTC: 0.00003965 BTC
  • Market cap: 412,000,434 USD
  • Market rank: 28
  • Circulating supply: 1,268,938,630 BAT

BAT Coin Price analysis and future price predictions:

Basic Attention Token Price Chart - 14 June

Finmax BTC

From the 1-day chart, it is evident that yesterday BAT was mostly traded with bullish values. But as mentioned earlier also, BAT can though rise sometimes, but due to the lack of ineffective support levels, it will be tough for it to retain its upward values. The current condition of the coin makes the above concern a reality. It dipped in the bearish zone a little bit around 11:30 UTC yesterday, and it was traded at 0.3285 USD at that time. It again picked up its momentum and continued getting traded in bullish zone till yesterday evening. Later, it declined at a sharp rate in bearish level and as the chart shows that today, it has alarmingly aggravated again in the ruffling zone. Today, it got traded at a value as low as 0.3235 USD. So, within a span of 1-day only, the value of BAT had fallen by 1.5%. Considering these facts, we think that in the upcoming days, BAT can be traded approximately at 0.3245 USD to 0.3302 USD.

Conclusion:

It is a pretty clear picture now that anything happening in the crypto sphere right now, should not be considered as persistent. Rather one should think the exact opposite as it happened in the case of BAT. Trading in bullish ranges is not at all an indication of persisting in the same line and BAT can again fluctuate to a great level in the upcoming days as well.

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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