Basic Attention Token Price Prediction Today: Daily (BAT) Value Forecast – June 7
- The price of BAT fluctuates between the levels of $0.30 and $0.40.
- On the upside, if the bulls break the $0.40 resistance level, the crypto’s price will rally above $0.45 price level.
BAT/USD Medium-term Trend: Ranging
- Resistance Levels: $0.45, $0.50, $0.55
- Support Levels: $0.30, $0.25, $0.20
Yesterday, June 6, the BAT price was trading in a sideways trend. The price of BAT fluctuates between the levels of $0.30 and $0.40. In April, the crypto was in a bullish trend, as the bulls reach a high of $0.45 price level. However, the bulls were resisted at the $0.45 overhead resistance. The BAT market made a downward correction to the support of the 12-day EMA. The bearish pressure continued until the crypto found support at the $0.30 price level.
The $0.30 price level was the previous resistance level in April. The $0.30 lower price range has not been broken since April 2019. On May 10, the bulls made a bullish move to the upper price range but were resisted at the $0.40 price level. The $0.40 upper price level has not been broken after the downward correction of May 9.
On the upside, if the bulls break the $0.40 resistance level, the crypto’s price will rally above the $0.45 overhead resistance level. On the other hand, if the bears break the $0.30 price level, the crypto’s price will depreciate to a low at $0.20. Meanwhile, the BAT price is in the oversold region of the daily stochastic but below the 20% range. This indicates that the price is in a bearish momentum and a sell signal.
BAT/USD Short-term Trend: Ranging
On the 4-hour chart, the price of BAT is in a sideways trend zone. The bulls are making concerted efforts to break the $0.38 price level but were being resisted. Each time the bulls tested the $0.38 price level, the crypto’s price would fall to the lower price range.
The bears would break the EMAs and reach a low of $0.32. Meanwhile, the daily stochastic has reached the overbought region but above 60% range. This indicates that price is a bullish momentum and a buy signal.
Live Basic Attention Token (BAT) Price:
1 BAT/USD =$1.2295 change ~ -13.80%
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