Basic Attention Token Price Analysis: Will BAT Token Price See A Major Downtrend Due To Existing Retailers?

  • BAT price is currently seeing a downtrend with an intraday loss of 4.13%. Meanwhile, the BAT/BTC pair is facing difficulty reverting back to the bullish trend.
  • Basic Attention token i is seeing a decrease in the new user’s address. Meanwhile, the technical indicators do not show any sign of positive recovery

BAT price is currently trading at $0.6528 with an intraday loss of 4.59%. Basic Attention Token came into investors’ radar for its unique concept that gives strength to a new blockchain-based digital advertising platform. It is designed to fairly reward users for their attention span while giving advertisers a better return on their ad spend. BAT token price might reach $3 by the end of the year. It is loosely correlated with BTC and its BTC pair might also see an uptrend.

Are Retailers Backing Out From BAT Token?

Source: Into the Block

The graph shows the new address, active address, and zero address in correlation with the price. It tells the sentiment of small retailers and short-term traders towards BAT. One can observe that in the last three months there is a decrease in the new address. It tells that the short term traders are backing from the project  

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BAT token has also seen an increase in positive sentiment in social media. This can reverse the trend for retailers in the future.

Technical Indicators Projects A Downtrend For BAT Token Price

Source: Trading view

BAT weekly technical chart shows a bearish momentum of increasing strength. On the daily chart. BAT price is consolidated momentum. It is currently trading below 50 and 100 Daily Moving Average with a negative crossover on the daily chart. The 50MA is at the line is currently at $0.97, making it temporary resistance for the asset price. The coin’s resistance on the upside can be observed near $1, and on the downside, support can be seen near $0.5. The price has formed an accumulation zone in the 4-hour chart. If the price breaks 10% below the area, then a downtrend till $0.3 can be seen. BAT/BTC pair might also see a recovery in the future.

RSI(Bearish): RSI for the asset is currently near 38 with a downside slope. The slope in the RSI indicates a bearish momentum for the price. If it crosses above 60, then a strong bullish momentum can be observed.


BAT token price is currently projecting a downtrend for the upcoming days. Basic Attention Token price can reach up to $3 till the next year. Investors should do their due diligence before investing.

Technical Levels

Major Support:$0.5

Major Resistance:$0.97

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Adarsh Singh
Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.

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