Basic Attention Token (BAT) Technical Analysis 2021 for Crypto Traders

Basic Attention Token (BAT) Technical Analysis 2021 for Crypto Traders

In Basic Attention Token (BAT) Technical Analysis 2021, we use past statistics, price analysis, RSI, RVOL, and much other information about BAT to analyze the future movement of the cryptocurrency. 

Basic Attention Token, or BAT, is the token that enables a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while offering advertisers a better return on their ad spend.

Moreover, this experience is delivered through the Brave Browser, where users could watch privacy-preserving adverts and get BAT rewards for doing so. On the other hand, advertisers could deliver targeted ads to high engagement and cut down losses due to ad fraud and abuse.

Basic Attention Token (BAT) Current Market Status

According to CoinMarketCap, the BAT price is trading at $0.599 with a 24-hour trading volume of $147,174,314, at the time of writing. However, BAT has increased by 1.1% in the last 24 hours. 

In addition, BAT has a circulating supply of 1.50B BAT. Currently, BAT trades in  Binance, OKEx, Huobi Global, FTX, and IDCM. 

Basic Attention Token (BAT) Technical Analysis 2021 

Basic Attention Token (BAT) holds the 78th position on CoinMarketCap right now. The recent development and upgrades might push BAT to reach new heights. Now, let’s deep dive into the BAT technical analysis 2021. The weekly time frame chart of Basic Attention Token (BAT) is shown below.

BAT/USDT Horizontal Channel Breakout (Source: Tradingview)

Horizontal channels are trendlines that join variable pivot highs and lows to deliver the price contained between the upper line of resistance and lower line of support. More so, the horizontal channel is called a price range or sideways trend.

BAT trades in a range of $0.6 to $1.67. If the price breaks the trend line support level of $0.33 then it will lead to a further drop up to the $0.168 level.

Basic Attention Token (BAT) RSI

The below chart shows the relative strength index (RSI) of BAT. 

BAT RSI (Source: TradingView)

As shown in the below chart, RSI remains at 47.52. This shows that BAT’s price is in a neither overbought nor oversold state. However, this shows that traders can trade fearlessly.

Basic Attention Token (BAT) RVOL

The below chart shows the Relative Volume of BAT. RVOL is an indicator that represents to traders how the current trading volume has changed over a period of time compared to the past trading volume.

BAT RVOL(Source: TradingView)

Notably, in the last week of June, it is found that the RVOL of BAT observed is weaker. Currently, the RVOL of BAT remains below the cutoff line which represents the weaker participants in the current trend.

Basic Attention Token (BAT) Moving Average

BAT’s Moving Average (MA) is shown in the chart below. Moving Average is a part of technical analysis that supports traders to find trends.

BAT MA (Source: TradingView)

In the 50 MA (Short-term), the price of the BAT is in a bullish state, and it has broken the 200 MA. However, it will completely go to a bearish state.

Currently, the price of BAT is trading below the 200 MA level so we can expect more bullish in upcoming days.

Basic Attention Token (BAT) Price Comparison With Bitcoin

The below chart shows the price comparison between BAT and BTC. 

BAT vs BTC Price Comparison chart(Source: TradingView)

From the chart we can identify the trend of the BTC and BAT is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of BAT also increases or decreases respectively.

Conclusion

With the ongoing developments and upgrades that are taking place within the BAT platform. Basic Attention Token has a great future ahead in this crypto market. However, BAT can reach new heights.

Bullish BAT price prediction 2021 is $1.67. As mentioned above, it may reach great heights, however reaching $2, if investors have decided that BAT is a good investment in 2021.

FAQ

What is BAT?

Basic Attention Token, or BAT, is the token that empowers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while offering advertisers with a better return on their ad spend.

Where can you purchase BAT?

BAT is listed on many cryptocurrency exchanges that include Binance, OKEx, Huobi Global, FTX, and IDCM. It is present for trading against crypto fiat coins, stablecoins, and other cryptocurrencies.

Will BAT reach a new ATH soon?

With the ongoing developments and upgrades inside the BAT platform, it has the high possibility of reaching its ATH soon.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.