Basic Attention Token has been through a sluggish momentum since the beginning of the ongoing month. Over the first ten days, it traded around $0.25 mark flatly. Later, on August 11, it gained a slight hike and touched $0.28, but then, it faced correction and retested a $0.25 mark. However, after August 13, the BAT/USD managed to continue steady upside momentum till the next four days.
On August 17, the currency marked a sudden hike and crossed $0.30 mark. Then, the Basic Attention Token kept the uptrend intact with moderate volatility.
Over the last 24 hours, BAT price has been through a zig-zag movement. It has moved from $0.3171 to $0.377 in the said period. Yesterday, it was at $0.3171 in the first hour, and over the next 8 hours, the price escalated to $0.37. However, it couldn’t remain at this level for long and faced massive correction. By 15:00 UTC, the BAT price fell to $0.3265.
After hitting $0.32 mark, the Basic Attention Token managed to regain momentum and marked steep hike and touched $0.377. However, it got hit by a bearish strike again and fell to $0.3169 near 04:00 UTC today. Despite the steep fall, the token managed to stay above the $0.316 mark. And at the time of writing this analysis, the price of BAT/USD was spotted at $0.3407.
The MACD shows a bearish crossover due to a recent decline. As per the current movement, the Basic Attention Token might reflect range-bound trading around $0.35 mark for the short-term.