In this Basic Attention technical analysis, we will examine the current price action, trading volume, key levels and indicators for BAT-USDT. Basic Attention Token (BAT) is an Ethereum-based token that aims to improve the efficiency and effectiveness of digital advertising by providing a decentralized platform for advertisers and publishers to connect and transact. BAT utilizes blockchain technology to create a more transparent and rewarding experience for all parties involved in the digital advertising ecosystem. By leveraging smart contracts, BAT enables real-time attribution and compensation for content creators and publishers, ultimately leading to higher quality content and a more sustainable advertising model.
Basic Attention Price Overview:
As of July 06, 2024, Basic Attention is trading at approximately 0.1702 USDT. Let’s dive into the detailed price action for BAT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.1681 |
| High (H) | 0.172 |
| Low (L) | 0.1661 |
| Close (C) | 0.1702 |
| Volume (C) | 2,538,907.00 |
- Open (O): The opening price for today’s trading session was approximately 0.1681 USDT.
- High (H): Basic Attention reached a daily high of around 0.172 USDT.
- Low (L): The daily low for BAT-USDT was approximately 0.1661 USDT.
- Close (C): At the time of analysis, Basic Attention is trading near its daily close of 0.1702 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.19% |
| 3D Change (%) | -7.85% |
| 7D Change (%) | -9.90% |
| 30D Change (%) | -30.56% |
| 90D Change (%) | -43.70% |
| YTD Change (%) | -33.75% |
Over the past three days, BATUSDT has declined by approximately -7.85%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -9.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BATUSDT maintaining a downward trend of approximately -30.56%, despite intermittent fluctuations. Examining the last 90 days, BATUSDT has witnessed substantial decline of approximately -43.70%, reflecting strong long-term confidence. Year-to-date, BATUSDT has steadily decreased by around -33.75%, 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-USDT 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 0.56354.
- Momentum score is -0.20281.
BAT USDT Technical Analysis
Basic Attention Trading Volume:
The trading volume for Basic Attention (BAT) over the past 24 hours has been insignificant, with approximately 2,538,907.00 USDT 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-USDT is currently in the low zone, around 36.52282. This suggests that Basic Attention is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Basic Attention (BAT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore potential downturns for Basic Attention (BATUSDT) at 1.70e-01 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Take the next step in your exploration by delving into our detailed insights on BAT BTC Basic Attention Technical Analysis; it’s a natural follow-up if you enjoyed this post.
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.