In new technical analysis, Basic Attention Token (BAT) is a cryptocurrency that aims to eliminate the inherent inefficiencies and security violations in the digital ad world. In the recent past, this altcoin has witnessed unprecedented growth with the large-scale adoption of BAT by leading brands. It is also being used as a utility token by many blockchain-based gaming apps and platforms.
<h2><b>Past Performance</b></h2>
On May 21, 2021, BAT opened at $0.88. On May 27, 2021, BAT closed at $0.84. Thus, <a href="https://www.cryptoknowmics.com/news/basic-attention-token-bat-and-gnosis-gno-technical-analysis-what-to-expect/">in the past week</a>, the BAT price has decreased by roughly 4.5%. In the last 24 hours, BAT has traded between $0.81-$0.86.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/y/YTQfevDp.png" alt="https://s3.tradingview.com/snapshots/y/YTQfevDp.png" width="996" height="471" />

<a href="https://s3.tradingview.com/snapshots/y/YTQfevDp.png">https://s3.tradingview.com/snapshots/y/YTQfevDp.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, BAT is trading at $0.84. The price has decreased slightly from the day’s opening price of $0.845. Thus, the market seems bearish.

Both <strong>MACD and signal lines</strong> are positive. Thus, the overall market momentum is positive. However, both the lines are close to the zero line and a bearish crossover by the MACD line over the signal line has occurred. Thus, the market momentum may turn negative soon.

Currently, the <strong>RSI indicator</strong> is at 60%. It faced rejection at 50% and rose to the current level. Thus, buying pressures are higher than selling pressures.

The <strong>A/D indicator</strong> is steadily rising. Hence, whale accumulations are higher than whale distributions. High buying activity will exert upward pressure on the BAT price. Thus, both the RSI and A/D indicators have given positive signals.

In a nutshell, when we look at all three oscillators together, we can say that as of now, all of them have indicated an impending price rise. However, we have to wait and watch if the market momentum turns negative or the bulls start gaining strength.
<h2><b>BAT Technical Analysis</b></h2>
Currently, the price is above the <strong>Fibonacci pivot point</strong> of $0.836. The price may break out of the <strong>first Fibonacci pivot resistance level</strong> of $0.856 soon. Thereafter, we have to wait and watch if the price starts declining again.

Presently, the price has tested and broken out of the <strong>38.2% FIB retracement level</strong> of $0.84. The price may soon break out of the <strong>23.6% FIB retracement leve</strong>l of $0.85. Thus, as of now, it seems bulls are becoming stronger. In that case, the price may continue to rise today and tomorrow.

BAT Technical Analysis: Price Above $0.836, May Breakout of the First Fibonacci Pivot Resistance Level of $0.856

BAT price has tested and broken out of the 38.2% FIB retracement level of $0.84. It seems bulls may push the price to continue to rise today and tomorrow.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

BAT Technical Analysis: Price Above $0.836, May Breakout of the First Fibonacci Pivot Resistance Level of $0.856

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