Price Analysis

Basic Attention Token Price Analysis: Although “RED ALERT” Is Ravaging BAT, But It Seems That It May Peep Above The Danger Zone Soon

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One thing that has to be kept in mind always is the erratic and turbulent nature of BTC. Moreover, the crypto market, as of now is highly volatile. So, both factors are integral in impacting the values of altcoins, and this is the reason why altcoin like BAT is losing their value substantially. From the 5D chart of BAT, it is evident enough to understand that it is hardly able to pertain its value in a positive zone, and gradually it is sweeping downwards within between peep-ups.

BAT Coin Current Statistics:

BAT price chart - June 4

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BAT Price in USD: 0.3384 USD (UTC 05:06)

BAT Price in BTC: 0.00004234 BTC

Circulating supply: 1,267,888,630 BAT

Market cap: $428,473,168 USD

Market rank:  26

BAT Price Prediction & Analysis:

The above 5 Day chart shows that on 31st May, BAT had a sharp deep and amounted to 0.3201 USD at that time. Although it tried picking up its momentum to a minor extent, due to persisting bearish trend and deficit support levels, it cannot hold on to the upward trend for long and had dipped in between. From the evening 1st June till the night of 3rd June, the BAT price maintained its bullish trend in spite of the market being highly volatile. On 3rd June, it had reached a high peak of 0.3735 USD, but after the midnight of that on that day till now, it is completely submerged under the bearish zone. Within 5 days, the value of BAT has decreased by 9.13%. From the arrow, it is understandable, that BAT coin may peek up its momentum in the upcoming days, but as the support levels are lacking, its persistence in the bull zone will be questionable.

Conclusion

Fluctuation in the values of BAT is inevitable and will be the same in future also. The propensity will be higher till the end of this year as it is expected that volatility may reduce after 2019. It is also predicted that in the upcoming days even if BAT try to make a rise, it can soon aggravate downward. So, medium-term investment for BAT seems to be a better option as of now until the price takes one stand to perform.

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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