Basic Attention Token Price Prediction-Will BAT's Price Hit $1.44 in 2022?
Basic Attention Token (BAT) was co-founded by Brendan Eich and Brian Bondy. Advertisers are able to maximize their returns since the algorithm used ensures that only real users are exposed to adverts.
Present and Past Status of Basic Attention Token
In the last 24 hours, the price of the Basic Attention Token (BAT) has increased by 9.46%. The current price of BAT at the time of writing is $06427. This is due to the increase in Basic Attention Token (BAT) trading volume from $143,918,400 on May 4th to $147,606,534 presently. This represents a 2.5% increase in the past 24 hours.
Within seven days, the price of Basic Attention Token (BAT) closed at $0.6296 on April 29th and is presently trading at $0.6427. This represents a 2.08% increase. This is due to the increase in BAT trading volume from $77,970,002 on April 29th to $147,606,534 presently. This represents 89.31% in the last 7 days.
Comparison of Basic Attention Token (BAT) with Bitcoin
Source: https://www.tradingview.com/x/x9MNsQWI/
From the chart above, we can observe that Basic Attention Token (BAT) and Bitcoin (BTC) follow the same trend. According to information available in CoinGecko, BAT price has reduced by 3.4% in the past 7 days while BTC price has increased by 0.9% within the same duration. Hence, it would have been more profitable to invest in Bitcoin than BAT within the past week.
Price Analysis of Velas from Different Indicators
Source: https://www.tradingview.com/x/xTKmHyBY/
The chart above represents the accumulation/distribution indicator (A/D) for BAT/USDT. A/D is used to determine the relationship between the price of a coin and the volume of trades. Since the price of Basic Attention Token (BAT) is moving in the same direction as the volume of trades indicated by the indicator- it means that buyers are having their way. This can lead to a further increase in the price of BAT.
Source: https://www.tradingview.com/x/9pyYeJMs/
The chart above represents the 60MA and 30-MA for BAT/USDT. Both indicators are above the present candlestick, and the 60-MA is above the 30-MA. This signifies a bullish run in the price for BAT soon.
Source: https://www.tradingview.com/x/oRIudRyp/
The chart above represents the Williams Alligator indicator for BAT/USDT. It is used to determine the trend direction. The blue, red, and green lines represent the jaw, lips, and teeth respectively. Since the teeth are below the present candlestick formed, it means that we should expect a strong bullish run soon.
Recent Candlesticks Interpretation
Source: https://www.tradingview.com/x/vFy13Ttw/
From the chart above, the penultimate candlestick is a bullish Marabozu. This signifies that buyers are having their way. Since, this follows a dip, investors that are patient will benefit from another price surge in the coming days.
Key levels Price Prediction for Basic Attention Token (BAT)
Source: https://www.tradingview.com/x/iHa14KIc/
The chart above represents the resistance and support levels of BAT/USDT on a 1Day Chart. The following can be deduced from it:
Tradeview Technicals Deduction on Basic Attention Token (BAT)
https://www.tradingview.com/symbols/BATUSD/technicals/
From the link above, we can deduce that 13 out of the 26 indicators considered show sell. Ten and three indicators represent neutral and buy respectively.
Market Sentiments on Basic Attention Token (BAT) Price
Price prediction
According to Price prediction, the price of Basic Attention Token (BAT) would reach a minimum and maximum price of $1.16 and $1.37 in 2022 respectively.
DigitalCoinprice
According to Digitalcoinprice, the price of Basic Attention Token (BAT) will reach a minimum and maximum price of $0.79 and $0.91 in 2022 respectively.
Our Price Prediction for Basic Attention Token (BAT) in 2022
From the key level chart above, the price of Basic Attention Token (BAT) will reach a maximum price between $0.87 and $1.44 in 2022 and a minimum price of $0.47 in 2022.
Conclusion
Considering the recent data on Basic Attention Token (BAT) that is bullish, and the possibility of increased partnerships and upgrades, the price of BAT might attain higher psychological resistance in 2022.