BAT Technical Analysis Report | 06th-April-2023

The Basic Attention Token (BAT) could enter a period of bullish sentiment among investors. Media, music and content assets are down 4.9%, while the broader crypto market is down by nearly 1.45%. BAT is currently trading near its midpoint for the past five days. The token is 7.03% below its 5-day high and 20.61% above its 5-day low of $0.245. The price of BAT is currently trading above the resistance. With support around $0.27 and resistance at $0.288, the Basic Attention Token may find itself in a volatile position if the rally peters out.

At the time of writing, BAT was trading at $0.2858.

BAT Chart | 06th April 2023
Basic Attention Token (BAT) Chart

BAT after surging almost by 109% from $0.1602 to 0.3360, witnessed a sharp profit booking at the higher levels, and the prices corrected by 40% and dropped to $0.1997. However, it closed above the support level of $0.20. The asset made a ‘Spinning Top’ candle followed by a ‘Bullish Engulfing’ candle at the support and rallied up to $0.3245. BAT has a strong resistance zone from $0.3360 (its recent high) to $0.365 ( Horizontal Trendline). Hence, to further rally, it needs to break, close and sustain above the resistance level. $0.275 and $0.23 will act as strong support levels for the asset.

Key Levels:

  Support 2Support 1AssetResistance 1Resistance 2

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.

ZebPay Weekly

Subscribe for latest crypto news & stay updated!

    Start Trading Now