Basic Attention Token Price Prediction for Today, July 31: BAT/USD Could Drop Below $0.20 Support

Updated: 01 August 2023

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The Basic Attention Token price prediction reveals that BAT may find a halt at $0.20 as the price is down by 2.99% over the last 24 hours.

Basic Attention Token Prediction Statistics Data:

Basic Attention Token price now – $0.20
Basic Attention Token market cap – $306.6 million
Basic Attention Token circulating supply – 1.4 billion
Basic Attention Token total supply – 1.5 billion
Basic Attention Token Coinmarketcap ranking – #104

BAT/USD Market

Key Levels:

Resistance levels: $0.25, $0.27, $0.29

Support levels: $0.16, $0.14, $0.12

Basic Attention Token Price Prediction for Today, July 31: BA/USD Could Drop Below $0.20 Support — BATUSD – Daily Chart

BAT/USD may drop further lower to find another support at the $0.18 level. The daily chart reveals that the Basic Attention Token price may go lower below the 9-day and 21-day moving averages before rising again. Therefore, if the bears continue to push the market further lower, the immediate support below the $0.18 level may be located. Beneath this, further supports may be found at $0.16, $0.14, and $0.12.

Basic Attention Token Price Prediction: BAT Price May Head to the South

As the daily chart reveals, if the buyers can hold the support at $0.20, the Basic Attention Token price may begin to climb higher, and bulls could expect immediate resistance to be located above the 9-day and 21-day moving averages, which is not too close to the upper boundary of the channel.

However, crossing above the upper boundary of the channel may locate the higher resistance levels at $0.25, $0.27, and $0.29 respectively. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below the 50-level, which shows that the market price may drop more.

When compares with Bitcoin, the Basic Attention Token price is moving to the downside within the descending channel, where the price is expected to cross below the 9-day and 21-day moving averages. Therefore, should the price slide toward the lower boundary of the channel, the market could hit the support level at 600 SAT and below.

On the contrary, if the bulls could manage and push the market toward the north, it may cross above the upper boundary of the channel. If successful, the BAT price may reach the resistance level of 830 SAT and above. Moreover, the technical indicator Relative Strength Index (14) confirms that the market is been controlled by the sellers as the signal line moves to cross below the 60-level.

Alternatives to Basic Attention Token

According to the daily chart, the BAT price is sliding toward the 9-day and 21-day moving averages. However, if the buyers reclaim the daily high of $0.21, the first resistance level may be located at $0.22 as this could also be followed by $0.24. For the time being, the market price may slide below the moving averages while the trading volume may begin to confirm the bearish movement.

Nevertheless, the Wall Street Memes has already a very large and strong community, it has a merch collection of caps, t-shirts, mugs, and sweatshirts, stepping into the world of crypto fashion and giving people the chance to show support for this movement with almost $19 million raised in the presale.

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