Basic Attention Token Price Prediction Today: Daily (BAT) Value Forecast – June 17
- The crypto's price is above the EMAs which indicates that the price is likely to rise.
- The BAT price is in the oversold region of the daily stochastic but above 80% range.
BAT /USD Medium-term Trend: Ranging
- Resistance Levels: $0.45, $0.50, $0.55
- Support Levels: $0.35, $0.30 , $0.25
Last week the price of BAT was in a sideways trend. The crypto was trading in a tight range between the levels of $0.30 and $0.40. The 12-day EMA and the 26-day EMA were trending horizontally. The small body candlesticks like the Doji and spinning tops were responsible for the range bound move. The candlesticks described the indecision between the buyers and sellers at the current market price.
On June 16, the bulls broke out of the range-bound movement to make a series of higher highs and higher lows. A trend line has been drawn to determine the duration of the trend. A bullish trend is said to be ongoing if the trend line is unbroken by price.
On the other hand, a trend is terminated when price breaks the trend line and another candlestick closes on the opposite of it. Presently, the bullish trend is ongoing. Meanwhile, the BAT price is in the overbought region of the daily stochastic but below the 40% range. This indicates the price is in a bullish momentum and a buy signal.
BAT/USD Short-term Trend: Ranging
On the 1-hour chart, the price of BAT is in a bullish trend zone. The 12-day EMA and 26-day EMA are pointing northwards. The crypto's price is above the EMAs which indicates that the price is likely to rise. The price of BAT is trading at $0.36 as at the time of writing. Meanwhile, the BAT price is in the oversold region of the daily stochastic but above 80% range. This indicates that price is a bullish momentum and a buy signal.
Live Basic Attention Token (BAT) Price:
1 BAT/USD =$1.4074 change ~ 3.77%
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