Price Analysis

Basic Attention Token Price Analysis: Can the present Bullish Trend of BAT be Considered as Trustworthy?

As exhibited, the bullish value trend of BAT is indicating a good turnover soon, but the question lies in the stability of the same. So, the fluctuations will be inevitable in the prices of BAT, just as it is trading in the bullish zone now, it can even plunge down at any time without any substantial hint which confirms its uncertainty.

Current statistics of BAT Coin:

  • Price in USD: 0.3496 USD (05:50 UTC)
  • Price in BTC: 0.00003803 BTC
  • Circulating supply: 1,268,938,630 BAT
  • Market rank: 27
  • Market cap: 442,151,242 USD

BAT Price Prediction:

BAT Price Chart -19 June
BAT Price Chart

From the 5-day chart of BAT to USD price, it is pretty clear that BAT prices have been putting in efforts to hold on to its bull trend in spite of thriving in a highly volatile market. From 13th to 17th June, it was traded in a complete bearish zone with no slightest peep ups in between. On 14th June, its value deterred as low as 0.3090 USD. As it had been thriving in this negative trend for so long, it is understandable that it is getting deprived of support levels due to which sustenance of its bullish ranges is questionable and a matter of serious concern for the position it holds. Yesterday, it attained a bull height of 0.3677 USD within the said time frame. So, a shift in the prices is moderate, and there is no noticeable momentum of BAT in the bullish zone. Rather, it declines at a fast pace in the bearish zone. Within a span of 5-days, the value of BAT got increased by 13.13%. Based on this fact, we think that in the upcoming days, BAT can trade around 0.3433 USD 0.3545 USD.

Conclusion:

Thus, we think that BAT can be considered a good investment only if it maintains its bullish trend in the upcoming days as it is thriving in a highly uncertain market which can deter its value at a significant rate. Considering any sort of investment on BAT can turn into a futile idea with a massive loss to the investors if invested without giving a thought.

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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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