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BAT Technical Analysis Report and Forecasting Model
| 23rd-June-2022

The Basic Attention Token, also known as Bat, is a crypto asset that runs on the ERC-20 network. It enables a revolutionary blockchain-based digital advertising ecosystem that rewards consumers fairly while also giving advertisers a run for their money. This intelligence is made available through the Brave Browser, where users may view adverts while protecting their privacy and earning BAT rewards. To improve engagement and prevent losses brought on by things like ad fraud and abuse, marketers can provide customised advertising on this site. The token’s market cap has increased by 13% during the past 7 days to $5.84 million.

At the time of writing, BAT was trading at $0.3865

Brave (BAT) Chart | 23rd june 2022
Brave (BAT) Chart

BAT was trading sideways in a range from $0.45 to $0.35. It gave a breakout on the downside and made a low of $0.2581 by forming a ‘Lower Top Lower Bottom’ pattern. Post this move, the asset made a ‘Hammer’ candle and rallied almost by 60% from the low up to $0.40. Currently, BAT is trading above its 20-Day Moving Average and it can face a stiff resistance at $0.45. Once the asset breaks or closes above the resistance of $0.45, then we may expect it to further surge up to $0.6 to $65 levels.

Key Levels:

Support 2Support 1AssetResistance 1Resistance 2
$0.25$0.33BAT$0.45$0.6

Disclaimer: Investments in crypto assets viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by the Author is for informational purposes only and should not be treated as investment advice.

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