Basic Attention Token Dropped -1.16% in Last Month and is Predicted to Drop to $0.190185 By Aug 18, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Basic Attention Token is down -4.15% today against the US Dollar
• BAT/BTC decreased by -4.06% today
• BAT/ETH decreased by -3.91% today
• Basic Attention Token is currently trading 11.42% above our prediction on Aug 18, 2023
• Basic Attention Token dropped -1.16% in the last month and is down -55.05% since 1 year ago

BAT price is expected to drop by -10.42% in the next 5 days according to our Basic Attention Token price prediction

Basic Attention Token price today is trading at $ 0.211913 after losing -4.15% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.50% in the same time period. BAT performed poorly against BTC today and recorded a -4.06% loss against the world’s largest cryptocurrency.

According to our Basic Attention Token price prediction, BAT is expected to reach a price of $ 0.190185 by Aug 18, 2023. This would represent a -10.42% price decrease for BAT in the next 5 days.

BAT Price Prediction Chart

Buy/Sell Basic Attention Token

What has been going on with Basic Attention Token in the last 30 days

Basic Attention Token has been displaying a negative trend recently, as the coin lost -1.16% in the last 30-days. The medium-term trend for Basic Attention Token has been bearish, with BAT dropping by -2.89% in the last 3 months. The long-term picture for Basic Attention Token has been negative, as BAT is currently displaying a -55.05% 1-year price change. On this day last year, BAT was trading at $ 0.471442.

Basic Attention Token reached its all-time high price on Nov 28, 2021, when the price of BAT peaked at $ 1.91. The current BAT cycle high is $ 0.227483, while the cycle low is at $ 0.154312. BAT has been displaying low volatility recently – the 1-month volatility of the coin is at 3.00. Basic Attention Token recorded 19 green days in the last 30 days.

Basic Attention Token technical analysis for today – Aug 13, 2023

The sentiment in the Basic Attention Token markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.212902, $ 0.209807 and $ 0.203897, while $ 0.221907, $ 0.227818 and $ 0.230912 are the key resistance levels.

Bearish sentiment for Basic Attention Token

10 indicators are currently signaling a bullish prediction for Basic Attention Token, while 20 indicators are showing a bearish forecast. With 67% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Basic Attention Token.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 54 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Basic Attention Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Basic Attention Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Basic Attention Token is at 59.20, suggesting that BAT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Basic Attention Token over the last 50 days. Currently, Basic Attention Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BAT closing price for the last 200 days. BAT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Basic Attention Token prediction

After considering the above factors, we can conclude that the current forecast for Basic Attention Token price prediction is Bearish. BAT would have to decrease by -10.42% to hit our $ 0.190185 target within the next five days. Moving forward, it will be important to monitor the BAT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Basic Attention Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.