Basic Attention Token is also under tremendous market pressure. The currency is seen crashing down at a high speed in today’s market. The fall in the price consists of high volume which has faded the chances of growth for some time now. Well, the coin carries high expectations from the traders, and we have seen BAT recovering the most under high pressure.
The ongoing quarter hasn’t been quite impressive for the investors. BAT also couldn’t recover much due to pressure. Hence, the expectations have shifted to the upcoming months. We are looking up for a better digit in the market by then.
BAT to USD Price Analysis:
The chart is a data feed from Bittrex taken at 11:25:00 UTC on September 25, 2019.
Basic Attention Token started yesterday with a heavy fall as the price counters changed from $0.18 to $0.16 by 13.98%. There was tight hold of the coin around $0.16 but the same wasn’t maintained for a long period. The price again dropped and went to $0.15 from $0.16 marking a regression of 14%. The day ended at $0.15 with an intraday loss of 14.60%. Today, Basic Attention Token jumped to $0.16 from $0.15 by 5.05%. The market pressure brought the currency back to $0.15 by 5.48%.
The slight upsurge noted a few days back was expected to last but today, Basic Attention Token has dropped to the 6-month low and faded the prospect. The traders are disappointed as there is a heavy fall in the market cap of the coin as well. The counters are at $211,128,284.
Basic Attention Token is best suited for long term traders. The specified period is likely to bring the expected result. We would suggest the traders to wait as the current scenario might affect the prediction. A visible upsurge would bring the currency back to the level where the traders can invest in a carefree manner. Based on the above technical analysis and Basic Attention Token price prediction, the coin might record improvement in the upcoming months.