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Basic Attention Token Prediction: Will the coin Surge in Future?

Basic attention token (BAT) is one such a coin that has shown huge bullish movement and has consistently been an underperformer since it was launched. The coin has shown a 60% downfall from its peak price this year but it can still be said that overall the coin has gained 30% after a huge fall.

Basic attention token (BAT), as of writing this article was trading at $0.1715 against the United States dollar (USD). The coin was showing a downward fall of 10.7 percent. The market cap of the coin was $219,388,573 United States dollar (USD) and the 24 hours trading volume of the coin was $28,697,240 United States dollar (USD).

The NACD indicator is still showing negative divergence suggesting that the price of Basic attention token (BAT) against the United States dollar (USD) may fall further. The overall sentiment for the Basic attention token (BAT) coin among the buyers and traders in the Crypto market is neutral but still, the overall feeling for the coin can be said to be bearish.

 

 

But the thing is that the 200 periods moving average is converging around the bearish pattern. The daily time frame suggests that if the 50-day moving average crosses the 200 day moving average the death cross can be negated and bulls can take over further. The downside potential is focused around the neckline of the bearish head and shoulders pattern on the four-hour time frame.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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