Basic Attention Token (BAT) Price Prediction 2023 – Will BAT Hit $2 Soon?
- Bullish BAT price prediction for 2023 is $0.2710 to $0.6453.
- Basic Attention Token (BAT) price might also reach $2 soon.
- Bearish BAT price prediction for 2023 is $0.1640.
In Basic Attention Token (BAT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BAT to analyze the future movement of the cryptocurrency.
Basic Attention Token (BAT) Current Market Status
Current Price
$0.195887
24 – Hour Trading Volume
$19,879,342
24 – Hour Price Change
1.5% down
Circulating Supply
1,494,373,166
All – Time High
$1.90 (On November 28, 2021)
What is Basic Attention Token (BAT)?
Basic Attention Token (BAT) is the utility token of a blockchain-based digital advertising platform of Brave. The Brave web browser is a secure, privacy-focused browser. BAT can be regarded as the Ethereum Ad Token that was launched as an ERC-20 token in 2017.
Basic Attention Token (BAT) is used as the payment token rewarded to users for viewing ads via Brave. Users, content creators, and advertisers deploy BAT as a mode of exchange. With BAT, Brave browsers confer even more privacy and anonymity to internet users.
Basic Attention Token (BAT) Price Prediction 2023
Basic Attention Token (BAT) holds the 90th position on CoinGecko right now. BAT price prediction for 2023 is explained below with a daily time frame.
The above chart of Basic Attention Token (BAT) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
Currently, the Basic Attention Token (BAT) is in the range of $0.195. If the pattern continues, the price of BAT might reach the resistance levels of $0.1886, and $0.2470. If the trend reverses, then the price of BAT may fall to $0.1602.
Basic Attention Token (BAT) Support and Resistance Levels
The chart below shows the support and resistance levels of the Basic Attention Token (BAT).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Basic Attention Token (BAT).
| Resistance Level 1 | $0.2710 |
| Resistance Level 2 | $0.4471 |
| Resistance Level 3 | $0.6453 |
| Support Level | $0.1640 |
The charts show that Basic Attention Token (BAT) has performed a bullish trend over the past month. If this trend continues, BAT might run along with the bulls overtaking its resistance level at $0.6453.
Accordingly, if the investors turn against the crypto, the price of Basic Attention Token (BAT) might plummet to almost $0.1640, a bearish signal.
Basic Attention Token (BAT) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of the Basic Attention Token (BAT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BAT lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of the Basic Attention Token (BAT) is shown in the chart above. Notably, the Basic Attention Token (BAT) price lies below 50 MA (short-term), so it is downward. Currently, BAT has entered a bearish state. Therefore, there is a possibility of a reversal trend of BAT at any time.
Meanwhile, the relative strength index (RSI) of BAT is 57.79. This means that Basic Attention Token (BAT) is nearly in an overbought state. However, this means a major price reversal of BAT may occur in the upcoming days. So, traders need to trade carefully.
Basic Attention Token (BAT) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of the Basic Attention Token (BAT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of the Basic Attention Token (BAT). Currently, the ADX of BAT lies in the range of 44.1100 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of the Basic Attention Token (BAT). RVI measures the constant deviation of price changes over a period of time. The RVI of BAT lies above 50, indicating high volatility. In fact, the RSI of Basic Attention Token (BAT) is at 57.79 thus confirming a potential buy signal.
Comparison of BAT with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Basic Attention Token (BAT).
From the above chart, we can interpret that the price action of BAT is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of BAT increases or decreases respectively.
Basic Attention Token (BAT) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of the Basic Attention Token (BAT) between 2024 and 2030.
Basic Attention Token (BAT) Price Prediction 2024
With several upgrades in the network, Basic Attention Token (BAT) might enter a bullish trajectory. If the coin grabs the attention of major investors, BAT might rally to hit $3.5 by 2024.
Basic Attention Token (BAT) Price Prediction 2025
If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 7 years, BAT would rally to hit $4.
Basic Attention Token (BAT) Price Prediction 2026
If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, BAT would rally to hit $4.5.
Basic Attention Token (BAT) Price Prediction 2027
If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, BAT would rally to hit $5.
Basic Attention Token (BAT) Price Prediction 2028
Basic Attention Token (BAT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BAT would hit $5.5 in 2028.
Basic Attention Token (BAT) Price Prediction 2029
If investors flock in and continue to place their bets on Basic Attention Token (BAT), it would witness major spikes. BAT might hit $6 by 2029.
Basic Attention Token (BAT) Price Prediction 2030
With greater advancements in the Basic Attention Token ecosystem, the crypto community might continue to invest in BAT for the next 8 years and drive significant price rallies for the token. Hence, Basic Attention Tokens (BAT) might hit $6.5 by 2030.
Conclusion
With continuous improvements in the Brave network, we can say that 2023 is a good year for BAT. For this reason, the bullish price prediction of Basic Attention Token (BAT) in 2023 is $0.6453 On the other hand, the bearish price prediction of Basic Attention Token (BAT) price prediction for 2023 is $0.1640.
Furthermore, with the advancements and upgrades to the Brave ecosystem, the performance of BAT would help to reach above its current all-time high (ATH) of $1.90 very soon. But, it might also reach $2 if the investors believe that BAT is a good investment in 2023.
FAQ
Basic Attention Token (BAT) is the utility token of an Ethereum-based digital advertising platform launched by the Brave browser. BAT was launched as an ERC-20 token in 2017.
Basic Attention Token (BAT) has been listed on many crypto exchanges which include Binance, OKX, Bybit, BingX, and XT.COM
With the ongoing developments and upgrades within the Brave Platform, BAT has a high possibility of reaching its ATH soon.
On November 28, 2021, Basic Attention Token (BAT) reached its new all-time high (ATH) of $1.90.
Basic Attention Token (BAT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token in the past few months, BAT is considered a good investment in 2023.
Basic Attention Token (BAT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Basic Attention Token (BAT) will hit $ 2 soon.
Basic Attention Token (BAT) price is expected to reach $3.5 by 2024.
Basic Attention Token (BAT) price is expected to reach $4 by 2025.
Basic Attention Token (BAT) price is expected to reach $4.5 by 2026.
Basic Attention Token (BAT) price is expected to reach $5 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/basic-attention-token-bat-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
