In this Basic Attention technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAT-BTC. Basic Attention (BAT) is a blockchain-based cryptocurrency that seeks to revolutionize the digital advertising industry by providing a more efficient and transparent way for advertisers to reach their target audiences. Through its innovative Brave Rewards system, BAT incentivizes users to watch ads while protecting their privacy and security. By leveraging blockchain technology, BAT creates a more equitable and sustainable ecosystem for all stakeholders involved in digital advertising.
Basic Attention Price Overview:
As of October 02, 2023, Basic Attention is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for BAT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 381,249.00 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Basic Attention reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for BAT-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Basic Attention is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.92% |
| 3D Change (%) | -2.90% |
| 7D Change (%) | -2.30% |
| 30D Change (%) | -1.55% |
| 90D Change (%) | -4.93% |
| YTD Change (%) | -36.74% |
Over the past three days, BATBTC has decreased by approximately -2.90%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BATBTC maintaining a downward trend of approximately -1.55%, despite intermittent fluctuations. Examining the last 90 days, BATBTC has witnessed substantial decline of approximately -4.93%, reflecting strong long-term confidence. Year-to-date, BATBTC has steadily declined by around -36.74%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Basic Attention Live Chart:
You can access a live price chart for BAT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.26147.
- Momentum score is -0.01546.
BAT BTC Technical Analysis
Basic Attention Trading Volume:
The trading volume for Basic Attention (BAT) over the past 24 hours has been significant, with approximately 381,249.00 BTC traded against BAT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): BAT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Basic Attention is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BAT-BTC is currently in the neutral zone, around 45.45262. This suggests that Basic Attention is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Basic Attention (BAT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
