Resistance

Million

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>BAT token price is near the 200 day EMA mark, signifying bearishness.</a></li>
 <li><span>2</span> <a>Technical indicators suggest a possible rebound ahead.</a></li>
</ul>
<p>The BAT token price signifies a selloff and has retested the 200 day EMA mark. It is awaiting a rebound in the coming sessions. However, the token has decisively held the region and is aiming for a significant pullback to manage the gains ahead. Amidst the market bearish sentiments, the token has dragged only by 20% this month and is looking neutral on the charts. The price action signifies that the correction has been done and the token will regain momentum in the next sessions.</p>
<p>At press time, the Basic Attention token (BAT) price was $0.2626 with an intraday gain of 3.52%, reflecting neutrality on the charts. It has a monthly return ratio of -13.20% and 6.45% yearly. The pair of BAT/BTC is at 0.00000404 BTC, and the <a href="https://www.thecoinrepublic.com/2023/12/04/bitcoin-attains-market-cap-of-814b-higher-than-berkshire-hathaway/" target="_blank" rel="noopener noreferrer nofollow">market cap</a> is $391.08 Million. Analysts are neutral and suggest that the BAT token may retain strength and will outperform in the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-bat-price-volume-profile-analysis-on-daily-charts-strong"><strong>BAT Price Volume Profile Analysis On Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (BAT), Volume (BAT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=avalanche&amp;pt=AVAX&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_kWRSV-k0V5YJ&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bbasic-attention-token%3BBAT%5D%3B%5B1%3Bvolume_usd%3Bbasic-attention-token%3BBAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The daily chart of BAT token showcases a retracement and has been in a correction phase for the past sessions. However, the token showcased oversold status and will rebound in the coming sessions. The token held the gains at the 200 day EMA mark and buyers are starting to accumulate. The intraday trading volume dropped over 26.30% to $11.93 Million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-weighted-sentiment-outlook-strong"><strong>Price Volatility &amp; Weighted Sentiment Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (BAT), Weighted sentiment (Total) (BAT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=avalanche&amp;pt=AVAX&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_kWRSV-k0V5YJ&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bbasic-attention-token%3BBAT%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bbasic-attention-token%3BBAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Amidst the range bound price move, the token displays a downmove in the price volatility curve this week. The price volatility curve noted a decline over 12.90% to 0.01, suggesting a negative outlook. However, the weighted sentiment looks neutral and stayed near the midline around -0.393.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-followers-overview-strong"><strong>Social Dominance and Twitter Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (BAT), Twitter Followers 7d (BAT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=avalanche&amp;pt=AVAX&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_kWRSV-k0V5YJ&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bbasic-attention-token%3BBAT%5D%3B%5B1%3Btwitter_followers_7d%3Bbasic-attention-token%3BBAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The Social Dominance data noted a spike and surged over 2.40% to 0.348%, noting average movements and neutral outlook in the discussion reports. Similarly, the Twitter follower’s data replicated a stable move and stayed above the midline around 104.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Total Open Interest Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (BAT), Total Open Interest in USD (BAT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=avalanche&amp;pt=AVAX&amp;df=2023-06-08T00%3A00%3A00.000Z&amp;dt=2024-04-20T18%3A29%3A59.476Z&amp;sat=shchcfg_kWRSV-k0V5YJ&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bbasic-attention-token%3BBAT%5D%3B%5B1%3Btotal_open_interest%3Bbasic-attention-token%3BBAT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The development data witnessed a significant decline of over 15.67% and dragged below the midline around 24.36, showing a neutral outlook. However, the derivative data signifies long unwinding, reflecting profit booking; the open interest fell over 1.79% to $6.45 Million in the last 24 hrs.</p>
<p>Per the Fib levels, the BAT token price hovered around its 23.6% zone and is near the crucial support zone at around $0.2500. Similarly, the RSI curve stayed in the oversold region, and a positive crossover was noted on the charts.</p>
<p>The total supply of the BAT token is 1.50 Billion, whereas the volume-to-market cap ratio is 0.0309, and it is ranked 177 in terms of market cap in the global crypto market.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The BAT token price hovers around the 200 day EMA mark and is signifying retracement in the past. Moreover, the trend is neutral and the token is aiming for a pullback. It tried to pick up momentum and is eyeing the $0.3000 mark.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.2500 and $0.2300</p>
<p><strong>Resistance Levels:</strong> $0.2700 and $0.2800</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

BAT Price Prediction: Can BAT Regain Strength Amid Correction?

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Thecoinrepublic.com

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