Basic Attention Token Price Prediction 2022 – Will BAT Hit $2 Soon?
- Bullish BAT price prediction is $1.01 to $1.95.
- The BAT price will also reach $2 soon.
- BAT bearish market price prediction for 2022 is $0.4282.
In Basic Attention Token’s (BAT ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about BAT to analyze the future movement of the cryptocurrency.
Basic Attention Token Current Market Status
According to CoinGecko, the price of BAT is $0.911 with a 24-hour trading volume of $136,022,861 at the time of writing. However, BAT has increased nearly 3.4% in the last 24 hours.
Moreover, BAT has a circulating supply of 1,497,173,045 BAT. Currently, BAT trades in cryptocurrency exchanges such as Binance, OKX, Bybit, FTX, and BingX.
What is Basic Attention Token (BAT )?
Basic Attention Token (BAT) is the token that powers a new blockchain-based digital advertising platform developed to fairly reward users for their attention while providing advertisers with a better return on their ad spend. The primary use case for the Basic Attention Token is as a payment token for running advertising campaigns through Brave Ads. Basic Network Token (BAT) is an ERC-20 token. BAT is built on the Ethereum blockchain. This consensus algorithm makes sure only valid are confirmed, while the combined work of the Ethereum mining network ensures BAT transactions are essentially irreversible once confirmed.
Basic Attention Token (BAT ) Price Prediction 2022
Basic Attention Token holds the 89th position on CoinGecko right now. BAT price prediction 2022 is explained below with a daily time frame.
The inverted head and shoulders pattern used as an indicator. This pattern is related to the reversal of the downward trend in prices. This is one of the most common signs of reversal. When the price drops, it will hit a bottom (trough), and then start to recover and rise. Market resistance pushed it back to another trough.
The price fell to the point where the market could not maintain a lower price, and the price began to rise again. Again, market resistance pushed prices down, and prices fell for the last time. If the market cannot support the lower price, the previous low will not be made. This will trigger a higher low before the price rises again. This movement produces three valleys or troughs called the left shoulder, the head, and the right shoulder.
Currently, BAT is in the range of $0.91. If the pattern continues, the price of BAT might reach the resistance level of $1.12. If the trend reverses, then the price of BAT may fall to $0.4282.
Basic Attention Token (BAT ) Support and Resistance Level
The below chart shows the support and resistance level of BAT.
From the above daily time frame, it is clear the following are the resistance and support levels of BAT.
- Resistance Level 1 – $0.78
- Resistance Level 2 – $1.01
- Resistance Level 3 – $1.39
- Resistance Level 4 – $1.65
- Resistance Level 5 – $1.95
- Support Level 1 – $0.63
- Support Level 2 – $0.42
The charts show that 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 $1.95.
Accordingly, if the investors turn against the crypto, the price of the BAT might plummet to almost $0.42, a bearish signal.
Basic Attention Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of BAT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of BAT lies below the cutoff line, indicating weaker participants in the current trend.
More so, the BAT’s Moving Average (MA) is shown in the chart above. Currently, BAT is in a bullish state. Notably, the BAT price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of BAT at any time.
Meanwhile, the relative strength index (RSI) of the BAT is at level 66.79. This means that BAT is in a nearly 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 Price Prediction 2022 — ADX, RVI
Let us now look at Basic Attention Token’s Average Directional Index (ADX). 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. Currently, BAT lies in the range of 33.40, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of BAT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of BAT lies above the 50 levels, indicating that the direction of volatility is high. In fact, BAT’s RSI is at 66.79 level thus confirming a potential buy signal.
Comparison of BAT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Basic Attention Token.
From the above chart, we can identify the trend of the BTC is moving at the upward trend. But, the recent trend of ETH and BAT moves in a downward direction.
Conclusion
With continuous improvements in the Basic Attention Token network, we can say that 2022 is a good year for BAT. For this reason, the bullish price prediction of Basic Attention Token in 2022 is $1.95. On the other hand, the bearish BAT price prediction for 2022 is $0.4282.
Furthermore, with the advancements and upgrades on the BAT ecosystem, the performance of BAT would help to reach above its current all-time high (ATH) $1.65 very soon. But, it might also reach $2 if the investors believe that BAT is a good investment in 2022.
FAQ
Basic Attention Token (BAT) is the token that powers a new blockchain-based digital advertising platform developed to fairly reward users for their attention while providing advertisers with a better return on their ad spend.
BAT has listed on many crypto exchanges which include Binance, OKX, Bybit, FTX, and BingX.
With the ongoing developments and upgrades within the BAT platform, it has a high possibility of reaching its ATH soon.
On November 28, 2021, 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 BAT in the past few months, BAT is considered a good investment in 2022.
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 $3.9 by 2023.
Basic Attention Token (BAT ) price is expected to reach $4.7 by 2024.
Basic Attention Token (BAT ) price is expected to reach $5.3 by 2025.
Basic Attention Token (BAT ) price is expected to reach $6 by 2026.
Disclaimer: The opinion expressed in this chart solely the author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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