• BAT Technical Analysis: Crossing Resistance Levels, New Highs Expected Across $1.9

  • The Basic Attention Token, or BAT, is the driving force behind a new blockchain-based digital advertising platform that aims to fairly reward users for their attention while also providing advertisers with a better return on their advertising spend. The Basic Attention Token is the reward unit in this advertising ecosystem, and it is exchanged among advertisers, publishers, and users. Advertisers pay for their campaigns with BAT tokens. A small portion of this budget is distributed to advertisers, while 70% is distributed to users — while the intermediaries that typically drive up advertising costs are removed from the equation to improve cost-efficiency.

    BAT has made some interesting technical analysis moves recently.

    BAT’s Previous Performance

    Following the announcement of the Brave browser’s integration with Solana, the price of Basic Attention Token increased by approximately 20% this week.

    BAT opened at $1.420 and closed at $1.704 on November 25, 2021. It had reached a high of $1.880 and a low of $1.40 during that time period. Overall, it provided a massive gain of 20% in the last 24 hours.

    Technical Analysis of BAT

    Since April 10, when it reached an all-time high of $1.69, BAT has been declining alongside a descending resistance line. The line has rejected it four times so far. It appears to be preparing for another breakout attempt.

    Because the line also coincides with the $1.40 resistance level, a break above it could accelerate the upward movement.

    The On-balance Volume is 748 million, which is higher than the average volumes it has exceeded thus far.

    The RSI has crossed the 70% mark and is now clearly in the overbought zone. It will keep prices in the highs for a few days.

    The signal line had been above the MA trend line in the MACD. As a result, there is an indication of an impending rise. The MA trend line is on an upward trend. We can be certain that the price will remain stable.

    Technical indicators point to a strong reason for the currency to continue rising.

    Price Predictions for Today and Tomorrow

    According to the overall sentiment, BAT is a STRONG BUY. The oscillators anticipate it to be neutral for the time being, while the moving average indicator indicates a BUY.
    It has already crossed the expected resistances of $1.411, but the second resistances of $1.629 and $1.98 remain to be crossed. These price increases are seen as part of a series of price movements over time.

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