BAT seems to be in a bearish trend
The price of BAT crypto was on the rise since October 2023 and it experienced a significant increase from $0.16500 to $0.39000 by March 9th, 2024. The past six months and three months were very promising for BAT as it showed a gain of 58.06% and 11.56% respectively. However, in the last week and month, the price declined by -6.46% and -27.0% respectively, which indicates a strong downtrend.
However, the BAT crypto has revealed a massive slump in price in the last couple of sessions and the price shows struggling signs of bulls and bearish dominance is extremely high. Contingent on seller pressure, the massive drop could shatter more support and could target $0.26000 and $0.24000 support on the daily chart.
The price of BAT seems to be in a bearish trend, as it has been heading downwards after breaking the dynamic supports of the 20-day and 50-day EMAs from above. This indicates that, depending on the level of selling pressure, there is a significant potential for it to drop further.
Furthermore, the BAT crypto asset could accelerate this ongoing bearish trend, if the price slips more of its ground support, and coincidingly the MACD has started to decline abruptly from the zero line which is at -0.00393 and has cut the signal line sharply from above.
Meanwhile, the RSI is at 39.87 and has moved lower after beating the 14-SMA from above like a falling knife, a push from the bear side could accelerate more deterioration.
Basic Attention Token Price Forecast
At the time of publishing, the BAT crypto is at $0.27462 and shows an intraday decline of -4.14%.
Therefore, if the BAT crypto fails to maintain the $0.26000 price level, the price could show a spectacular drop. However, if the price manages to show a resurgence, the price could break out oin the upside and reach $0.35000, and $0.39000.
However, the BAT crypto has revealed a massive slump in price in the last couple of sessions and the price shows struggling signs of bulls and bearish dominance is extremely high. Contingent on seller pressure, the massive drop could shatter more support and could target $0.26000 and $0.24000 support on the daily chart.
The price of BAT seems to be in a bearish trend, as it has been heading downwards after breaking the dynamic supports of the 20-day and 50-day EMAs from above. This indicates that, depending on the level of selling pressure, there is a significant potential for it to drop further.
Furthermore, the BAT crypto asset could accelerate this ongoing bearish trend, if the price slips more of its ground support, and coincidingly the MACD has started to decline abruptly from the zero line which is at -0.00393 and has cut the signal line sharply from above.
Meanwhile, the RSI is at 39.87 and has moved lower after beating the 14-SMA from above like a falling knife, a push from the bear side could accelerate more deterioration.
Basic Attention Token Price Forecast
At the time of publishing, the BAT crypto is at $0.27462 and shows an intraday decline of -4.14%.
Therefore, if the BAT crypto fails to maintain the $0.26000 price level, the price could show a spectacular drop. However, if the price manages to show a resurgence, the price could break out oin the upside and reach $0.35000, and $0.39000.
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