- Basic Attention Token Price Prediction suggests the BAT token’s recovery phase over the daily time frame chart.
- BAT crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average while preparing for 200-days DMA.
- The pair of 0.00001286 BTC with an intraday gain of 3.43%.
Basic Attention Token price prediction suggests the token’s uptrend momentum inside the rising parallel channel over the daily time frame chart. BAT crypto has started its recovery phase after gaining support from $0.16 level and has been trading inside the parallel channel since then. BAT cryptocurrency needs to recover maximum in order to showcase its potential to the crypto traders. BAT crypto price has recovered around 56% during the period of a month which signifies that BAT cryptocurrency holds the potential to recover maximum during 2023.
Basic Attention Token price was at $0.294 and has lost 1.79% of its market capitalization during the day’s trading session. Trading volume has surged around 133% during the intraday trading session. This demonstrates that buyers are trying to recover BAT crypto through this channel. Volume to market cap ratio was at 0.2022.
Basic Attention Token price prediction suggests the token’s uptrend momentum inside the rising parallel channel over the daily time frame chart. BAT cryptocurrency needs to maintain the current accumulation rate in order to recover maximum during the day’s trading session. Meanwhile, BAT crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average while preparing for 200-days DMA. Trading volume can be seen above average and needs to grow under full influence of buyers.
Will Basic Attention Token Price Surge Maximum?
Basic Attention Token price prediction suggests that the BAT token may recover maximum during 2023. Technical indicators suggest the downtrend momentum of BAT crypto. Relative Strength Index showcases the downtrend momentum of BAT crypto. RSI was at 64 and heading towards neutrality. MACD exhibits the struggle of buyers to push BAT crypto. The MACD line is above the signal line after a positive crossover. Investors in BAT cryptocurrency need to wait until BAT crypto continues soaring inside the parallel channel.
Summary
Basic Attention Token price prediction suggests the token’s uptrend momentum inside the rising parallel channel over the daily time frame chart. BAT crypto has started its recovery phase after gaining support from $0.16 level and has been trading inside the parallel channel since then. Meanwhile, BAT crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average while preparing for 200-days DMA. Technical indicators suggest the downtrend momentum of BAT crypto. Investors in BAT cryptocurrency need to wait until BAT crypto continues soaring inside the parallel channel.
Technical Levels
Support Levels: $0.27 and $0.25
Resistance Levels: $0.32 and $0.35
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/02/08/basic-attention-token-price-prediction-bat-crypto-recovering-through-an-interesting-channel/