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Price Analysis

Basic Attention Token Price Analysis: Ruffling Price Scenario Of Basic Attention Token (BAT)

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There are no impressive updates yet to woo the willing investors of BAT. No matter how hard BAT’s developers are trying to revive its poor condition with the latest features of Brave Browser and current updates, the intense, volatile condition of the crypto market is shattering almost every single possibility of this crypto. It is still not able to make a move it’s head up above the bearish trend zone and is continuously getting swept in the negative trend lines. Again, some of the renowned investors have already confirmed that volatility will not subside by the end of this year. So, one can well imagine in which condition, BAT will succumb to.

Price Analysis of BAT on 24th June 2019:

  • Price in USD: 0.3240 USD (UTC time 09:32)
  • Price in BTC: 0.00002977 BTC
  • Circulating supply: 1,271,156,300 BAT
  • Market cap: 410,746,777 USD

BAT Price Comparison:

BAT Price Chart - 24 June
BAT Price Chart

From the above 5-day chart, it is completely understandable that there are no improvements in the BAT’s trend rather the momentum towards the bearish zone has been gaining steepness as the days are passing by. Bullish peep ups are hardly getting sustained. As a result, there is no effective support level which can push up the value of BAT at least to some extent. On 20th June, BAT’s value fell to as low as 0.3224 USD. There are negligible peep ups in between the bearish trend and shift in those prices is minimum. It again declined sharply to 0.3145 USD on 22nd June. So, it is more frequently declining than peeping up above the bearish trend and sustaining the positive value. Within the past 5-days, the value of BAT has increased by 3.02%. Considering the above facts, we think that in the upcoming days, BAT can trade around $0.3348.

Conclusion:

The condition of BAT is expected to be like this for this year, and even if it makes any improvements, that will not last long as this is evident in the case of earlier days also. So, any sort of investment on BAT can be a futile idea and can incur a great loss to the investors. It is better to wait till the end of this year until the condition improves, and the market volatility is reduced to an extent.

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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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