Basic Attention Token (BAT) Price Prediction 2022 - Will BAT Hit $2 Soon?

  • Bullish BAT price prediction for 2022 is $0.4489 to $1.4786.
  • The BAT price will also reach $2 soon.
  • Bearish BAT price prediction for 2022 is $0.2608.

In Basic Attention Token (BAT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about BAT to analyze the future movement of the cryptocurrency. 

Basic Attention Token (BAT) Current Market Status

According to CoinGecko, the price of Basic Attention Token (BAT) is $0.394985 with a 24-hour trading volume of $77,123,200 at the time of writing. However, BAT has decreased to 1.3% in the last 24 hours. 

Moreover, Basic Attention Token (BAT) has a circulating supply of 1,495,362,702  BAT. Currently, BAT trades in cryptocurrency exchanges such as Binance, FMFW.io, HitBTC, Bitrue, WhiteBIT, OKX, and Coinbase.

What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is the utility token of a blockchain-based digital advertising platform of Brave. Brave web browser is a secure, privacy-focused browser. BAT can be regarded as the Ethereum Ad Token that was launched as an ERC-20 token in 2017.

Basic Attention Token (BAT) is used as the payment token rewarded to users for viewing ads via Brave. Users, content creators, and advertisers deploy BAT as a mode of exchange. With BAT, Brave browsers confer even more privacy and anonymity to internet users.

Basic Attention Token (BAT) Price Prediction 2022

Basic Attention Token (BAT) holds the 83rd position on CoinGecko right now. BAT price prediction 2022 is explained below with a daily time frame.

BAT/USDT Horizontal Channel Pattern (Source: Tradingview)

Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend. In a horizontal channel, buying and selling pressure is equal and the prevailing price direction is sideways. A horizontal channel or sideways trend has the appearance of a rectangle pattern. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. 

Currently, the Basic Attention Token (BAT) is at $0.394985. If the pattern continues, the price of BAT might reach the resistance level of $0.4444, $0.5628, and $0.6711. If the trend reverses, then the price of BAT may fall to $0.3970, $0.3047.

Basic Attention Token (BAT) Support and Resistance Levels

The chart below shows the support and resistance levels of Basic Attention Token (BAT).

BAT/USDT Support and Resistance Level (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Basic Attention Token (BAT).

Resistance Level 1 $0.4489
Resistance Level 2 $0.6445
Resistance Level 3 $0.9902
Resistance Level 4 $1.4786
Support Level   $0.2608
BAT Resistance & Support Level

The charts show that BAT has performed a bullish trend over the past month. If this trend continues, BAT might run along with the bulls overtaking its resistance level at $1.4768.

Accordingly, if the investors turn against the crypto, the price of the BAT might plummet to almost $0.2608, a bearish signal.

Basic Attention Token (BAT) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Basic Attention Token (BAT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of BAT lies below the cutoff line, indicating weak participants in the current trend.

BAT/USDT RVOL, MA, RSI (Source: Tradingview)

Moreover, the Moving Average (MA) of Basic Attention Token (BAT) is shown in the above chart. Notably, the BAT price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, BAT is in a bullish state. There is a possibility of a reversal trend of BAT at any time.

Meanwhile, the relative strength index (RSI) of the BAT is at a level of 51.96. This means that BAT is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.

Basic Attention Token (BAT) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Basic Attention Token (BAT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

BAT/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Basic Attention Token (BAT). Currently, BAT lies in the range of 9.4211, indicating a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Basic Attention Token (BAT). RVI measures the constant deviation of price changes over a period of time. The RVI of BAT lies below 50, indicating low volatility. In fact, BAT’s RSI is at 51.96, thus confirming a potential sell signal.

Comparison of BAT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Basic Attention Token (BAT).

BTC Vs ETH Vs BAT Price Comparison (Source: Tradingview)

From the above chart, we can interpret ETH, BTC, and BAT are moving in a similar trend but with slight differences. This indicates that when the price of BTC increases or decreases, the price of ETH and BAT increase or decrease respectively. The momentum of BAT is increasing over that of ETH.

Basic Attention Token (BAT) Price Prediction 2023

If the declining price action slows down in momentum and the trend reverses,  Basic Attention Token (BAT) might probably attain $3.3 by 2023.

Basic Attention Token (BAT) Price Prediction 2024

With several upgrades in the network, Basic Attention Token (BAT) might enter a bullish trajectory. If the coin grabs the attention of major investors, BAT might rally to hit $4 by 2024. 

Basic Attention Token (BAT) Price Prediction 2025

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, BAT would rally to hit $4.6.  

Basic Attention Token (BAT) Price Prediction 2026

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BAT would rally to hit $5.1. 

Basic Attention Token (BAT) Price Prediction 2027

If Basic Attention Token (BAT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BAT would rally to hit $5.9. 

Basic Attention Token (BAT) Price Prediction 2028

If Basic Attention Token (BAT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, BAT would hit $6.8.

Basic Attention Token (BAT) Price Prediction 2029

If investors flock in and continue to place their bets on Basic Attention Token (BAT), it would witness major spikes. BAT might hit $7.9 by 2029.

Basic Attention Token (BAT) Price Prediction 2030

With greater advancements in the Basic Attention Token ecosystem, the crypto community might continue to invest in Basic Attention Token (BAT) for the next 8 years and drive significant price rallies for the token. Hence, Basic Attention Token (BAT) might hit $9 by 2030.

Conclusion

With continuous improvements in the Basic Attention Token network, we can say that 2022 is a good year for BAT. For this reason, the bullish price prediction of Basic Attention Token (BAT) in 2022 is $1.4786. On the other hand, the bearish price prediction of Basic Attention Token (BAT) for 2022 is $0.2608.

Furthermore, with the advancements and upgrades in the Basic Attention Token ecosystem, the performance of Basic Attention Token (BAT) might hit $2 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $1.90 in the near future.

FAQ

1. What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is the utility token of an Ethereum-based digital advertising platform launched by the Brave browser. BAT was launched as an ERC-20 token in 2017.

2. Where can you purchase Basic Attention Token (BAT)?

Basic Attention Token (BAT) has been listed on many crypto exchanges which include Binance, FMFW.io, HitBTC, Bitrue, WhiteBIT, OKX, and Coinbase.

3. Will Basic Attention Token (BAT) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token platform, Basic Attention Token (BAT) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Basic Attention Token (BAT)?

On November 28, 2021, Basic Attention Token (BAT) reached its new all-time high (ATH) of $1.90.

5. Is Basic Attention Token (BAT) a good investment in 2022?

Basic Attention Token (BAT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token in the past few months, BAT is considered a good investment in 2022.

6. Can Basic Attention Token (BAT) reach $2?

Basic Attention Token (BAT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Basic Attention Token (BAT) will hit $2 soon.

7. What will be Basic Attention Token (BAT) price by 2023?

Basic Attention Token (BAT) price is expected to reach $3.3 by 2023.

8. What will be Basic Attention Token (BAT) price by 2024?

Basic Attention Token (BAT) price is expected to reach $4 by 2024.

9. What will be Basic Attention Token (BAT) price by 2025?

Basic Attention Token (BAT) price is expected to reach $4.6 by 2025.

10. What will be Basic Attention Token (BAT) price by 2026?

Basic Attention Token (BAT) price is expected to reach $5.1 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You

By sahil

Leave a Reply

Your email address will not be published.