Price Analysis

Basic Attention Token Initiates Recovery; May Cross $0.27 Soon

Coincheck exchange- a Japan-based cryptocurrency exchange will soon support trading of Basic Attention Tokens. The Monex Group — the owner of Coincheck exchange, announced that recently. It should be reported that BAT will be the 13th token to be traded on the exchange.

The currency has done exponential growth over the last few months during the pandemic. The total users have recently crossed 15 million marks. It is a good sign for Basic Attention Token. The greater number of users and the widespread adoption of the token will boost its credibility significantly.

Yesterday, BAT/USD spotted at $0.2611, and it continued trading under the bearish influence as it fell to the lowest point of the day at $0.2559. From this low, the token started trading upwards. The slow and steady upside price movement helped BAT to touch $0.2709 around 22:00 UTC.

However, at this high, the Basic Attention Token faced rejection and started correcting downwards. The currency marked a steep fall overnight, and today, from the initial hour, BAT managed to trade above $0.26 with moderate fluctuation.

The MACD reflects bearish crossover, but as per the current price momentum, The Basic Attention Token might test its previous high around $0.27. Investors need to be cautious of any sudden movements of the BAT.

John Spann

John Spann is a full time news writer in CryptoMoonPress team. He holds post graduate degree in english language and literature. He is engaged to financial markets from 2010. He has written for some of foremost magazines of corporate firms. From last five years, he is closely involved in writing and analyzing of cryptocurrencies.

Recent Posts

Must-Watch Tokens in 2024 with 100X potential: OZO, DOT, and ADA

The crypto market has been on a roll in 2024, with most coins enjoying a…

3 months ago

Ozone Chain (OZO) Price Prediction 2024 – 2030

Ozone Chain is the world’s first Quantum resistance blockchain. It is credited with integrating Quantum…

5 months ago

Expert puts XRP price at $7.5, Dogecoin (DOGE) to touch $0.4, safest bet to take

Crypto experts have issued bullish outlooks for XRP and DOGE. Based on their predictions, XRP…

7 months ago

Crypto whale spends $137 million on Ripple’s XRP and this viral Ethereum

The cryptocurrency community has taken notice of a well-known crypto whale who made a stunning…

7 months ago

O2T becomes bigger than BONK coin, investors prepare for 50x rally after June 10th

In the rapidly evolving world of cryptocurrency, new tokens frequently capture the market’s attention, promising…

7 months ago

ETFSwap (ETFS) presale shatters expectations, raises $2M and $100,000 in the last 24 hours

The trending Ethereum-based project ETFSwap (ETFS) has set the crypto world on fire with its…

7 months ago