BAT Technical Analysis Report | 09th-Feb-2023

The Basic Attention Token, or BAT, is the token powering a new blockchain-based digital advertising platform designed to fairly reward users for their attention while offering advertisers a better return on their ad spend. The asset has fallen by almost 5%, while global volume has been down by almost 27%. One of the key differentiators of Basic Attention Token and the Brave Browser ecosystem is the ability to reward users (tips) who are not yet part of the network. This includes websites and individual Twitter users. These users can securely register on the platform to collect accumulated tips.

At the time of writing, BAT was trading at $0.2910

BAT Chart | 09th February 2023
BAT Chart

BAT after making the low of $0.1602 started trading in an uptrend and the prices surged almost by 100% within forty trading sessions and made the weekly high of $0.3214. Post this move the asset has made a ‘Long Legged Doji’ candle at the high which indicates indecision in trend. BAT is facing strong resistance at $0.3 and 200 Day Moving Average and is struggling to give a daily close above that level. The longer upper shadow at these levels indicates profit booking at higher levels. Hence, to further rally, it needs to close and sustain above $0.3. The asset has strong support at $0.25 and $0.2.

Support 2Support 1AssetResistance 1Resistance 2

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