Basic Attention Token (BAT) Price Prediction 2022 – Will BAT Hit $2 Soon?

• Bullish BAT price prediction is $0.4514 to $1.4743.
• Basic Attention Token (BAT) price might also reach $2 soon.
• Bearish BAT  price prediction for 2022 is $0.2592.

In Basic Attention Token (BAT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about BAT to analyze the future movement of the cryptocurrency. 

Basic Attention Token (BAT) Current Market Status

According to CoinGecko, the price of the Basic Attention Token (BAT) is $0.303716  with a 24-hour trading volume of $36,524,163 at the time of writing. However, BAT has increased by nearly 1% in the last 24 hours.

Moreover, the Basic Attention Token (BAT) has a circulating supply of 1,497,265,277 BAT. Basic Attention Token (BAT) trades in cryptocurrency exchanges such as Binance, OKX, Bybit, BingX, and XT.CO.

What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is the utility token of a blockchain-based digital advertising platform of Brave. The Brave web browser is a secure, privacy-focused browser. BAT can be regarded as the Ethereum Ad Token that was launched as an ERC-20 token in 2017.

Basic Attention Token (BAT), used as the payment token rewarded to users for viewing ads via Brave. Users, content creators, and advertisers deploy BAT as a mode of exchange. With BAT, Brave browsers confer even more privacy and anonymity to internet users.

Basic Attention Token (BAT) Price Prediction 2022

Basic Attention Token (BAT) holds the 89th position on CoinGecko right now. BAT price prediction 2022 is explained below with a daily time frame.

Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern, often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel, drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts

Currently, the Basic Attention Token (BAT) is in the range of $0.303716. If the pattern continues, the price of BAT  might reach the resistance levels of $0.3240, $0.3618, and $0.4173. If the trend reverses, then the price of BAT may fall to $0.2841.

Basic Attention Token (BAT) Support and Resistance Levels

The chart below shows the support and resistance levels of the Basic Attention Token (BAT).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Basic Attention Token (BAT). 

Resistance Level 1	$0.4514
Resistance Level 2	$0.6445
Resistance Level 3	$1.0042
Resistance Level 4	$1.4743
Support Level	$0.2592

The charts show that Basic Attention Token (BAT)  has performed a bullish trend over the past month. If this trend continues, BAT might run along with the bulls overtaking its resistance level at $1.4743.

Accordingly, if the investors turn against the crypto, the price of Basic Attention Token (BAT)  might plummet to almost $0.2592, a bearish signal.

Basic Attention Token (BAT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of the Basic Attention Token (BAT) shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BAT lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of the Basic Attention Token (BAT) is shown in the chart above. Notably, the Basic Attention Token (BAT) price lies below 50 MA (short-term), so it is downward. Currently, BAT has entered a bearish state. Therefore, there is a possibility of a reversal trend of BAT at any time.

Meanwhile, the relative strength index (RSI) of BAT is 43.69. This means that Basic Attention Token (BAT) is in a nearly oversold state. However, this means a major price reversal of BAT may occur in the upcoming days. So, traders need to trade carefully. 

Basic Attention Token (BAT) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of the Basic Attention Token (BAT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of the Basic Attention Token (BAT). Currently, the ADX of BAT lies in the range of 25.2369 and thus, it indicates a very strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of the Basic Attention Token (BAT). RVI measures the constant deviation of price changes over a period of time. The RVI of BAT lies above 50, indicating high volatility. In fact, the RSI of Basic Attention Token (BAT) is at 43.69 thus confirming a potential sell signal.

Comparison of BAT with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Basic Attention Token (BAT).

From the above chart, we can interpret that the price action of BAT is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases or decreases, the price of BAT increases or decreases respectively.

Basic Attention Token (BAT) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Basic Attention Token (BAT) might probably attain $3 by 2023.

Basic Attention Token (BAT) Price Prediction 2024

With several upgrades in the network, Basic Attention Token (BAT) might enter a bullish trajectory. If the coin grabs the attention of major investors, BAT might rally to hit $3.5by 2024. 

Basic Attention Token (BAT) Price Prediction 2025

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, BAT would rally to hit $4. 

Basic Attention Token (BAT) Price Prediction 2026

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BAT would rally to hit $4.5. 

Basic Attention Token (BAT) Price Prediction 2027

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BAT would rally to hit $5. 

Basic Attention Token (BAT) Price Prediction 2028

Basic Attention Token (BAT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BAT would hit $5.5. in 2028.

Basic Attention Token (BAT) Price Prediction 2029

If investors flock in and continue to place their bets on Basic Attention Token (BAT), it would witness major spikes. BAT might hit $6 by 2029.

Basic Attention Token (BAT) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in BAT for the next 8 years and drive significant price rallies for the token. Hence, Basic Attention Tokens (BAT) might hit $6.5 by 2030.

Conclusion

With continuous improvements in the Basic Attention Token Network, we can say that 2022 is a good year for BAT. For this reason, the bullish price prediction of Basic Attention Token (BAT) in 2022 is $1.4743. On the other hand,  the bearish price prediction of Basic Attention Token (BAT) price prediction for 2022 is $0.2592.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of BAT would help to reach above its current all-time high (ATH) of $1.90 very soon. But, it might also reach $2 if the investors believe that BAT is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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