Basic Attention Token Made The Highest Gains In 24 Hours

Basic Attention Token (BAT) is up by 12% in 24 hours, the highest among top 100 coins.

Basic Attention Token (BAT) is the highest gainer among the top 100 coins. Data available at Coinmarketcap shows that the coin has made a 12% gain over the last 24 hours. It is currently trading at $0.317 and ranked number 69 according to market capitalization.

On the weekly chart, the coin is down by 22% having dropped from its 7-day high of $0.409 on June 9. Within the week, Basic Attention Token dropped to a low of $0.2626 on June 14, which was 24 hours ago.

Community Call Event

The Basic Attention Token (BAT) Community Call was held on June 14. This could be instrumental to the activity around the coin.

It currently has a trading volume of $179 million. This is a 141% spike in the past 24 hours. Its market capitalization is up by 12%.

According to Tradingview charts, BAT broke its 11-months low support, falling to values it last bounced off in July 2021. Year to date, the coin is down by 75%, having dropped from its value of $1.25 since the beginning of the year.

BAT Price Analysis

Technical indicators such as the moving average and the Relative Strength Index shows that the coin is in a down trend. The 7-day, 21-day and 50-day moving averages show that BAT trend is still downwards in the near and mid-term.

BAT/USD chart

According to Mayfair Markets, $0.3, the current market price is a good entry point for BAT. It is expected that BAT could ride the recent pump up to  $0.331. The RSI value for BAT/USDT price is 35.

Having bounced off at 27 on June 13, the coin is still in the oversold region. Higher values are expected in the short-term for $BAT. From the volume we have seen, it won’t be surprising for BAT to bounce up to the $0.38 region before a remarkable bearish pressure gets to bear on the price.

 

Author: Jinka Kamma

Jinka Kamma is passionate about the prospects of blockchain and the freedom cryptocurrencies afford people across borders. He holds small amounts of bitcoin and tether.

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