Basic Attention Token Price Forecast 2022 – Will BAT Hit $2 Soon?

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Bullish BAT price forecast is $1.01 to $1.95. The BAT price will also reach $2 soon. The bearish market price forecast for 2022 is $0.4282.

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

Basic Attention Token Current Market Status

According to CoinGecko, the price of BAT is $0.911 with a 24-hour trading volume of $136,022,861 at the time of writing. However, BBT is up almost 3.4% in the last 24 hours.

In addition, BBT has a circulating supply of 1,497,173,045 BBT. Currently, BAT trades cryptocurrency exchanges such as Binance, OKX, Bybit, FTX, and BingX.

What is Basic Attention Token (BAT)?

Basic Attention Token (BAT) is the token that forms the basis for a new blockchain-based digital advertising platform developed to fairly reward users for their attention while providing advertisers with a better return on their ad spend. The primary use case for the Basic Attention Token is as a payment token for running ad campaigns through Brave Ads. Basic Network Token (BAT) is an ERC-20 token. BAT is built on the Ethereum blockchain. This consensus algorithm ensures that only valid ones are confirmed, while the combined work of the Ethereum mining network ensures that BAT transactions are essentially irreversible once confirmed.

Basic Attention Token (BAT) Price Forecast 2022

Basic Attention Token currently holds 89th position on CoinGecko. BBT price forecast 2022 is explained below with a daily time frame.

BAT/USDT Reverse Head and Shoulder Pattern (Source: Tradingview)

The inverted head and shoulders pattern used as an indicator. This pattern is related to the reversal of the downward trend in prices. This is one of the most common signs of reversal. When the price falls, it will reach a bottom (trough) and then start to recover and rise. Market resistance pushed it back to another low.

The price fell to the point where the market could not maintain a lower price, and the price started to rise again. Again, market resistance pushed prices down and prices fell for the last time. If the market cannot support the lower price, the previous low will not be hit. This will cause a higher low before the price rises again. This movement produces three dips or troughs called the left shoulder, the head, and the right shoulder.

Currently, the BAT is in the $0.91 range. If the pattern continues, the price of BAT may reach the USD 1.12 resistance level. If the trend reverses, BAT’s price could drop to $0.4282.

Basic Attention Token (BAT) support and resistance level

The chart below shows BAT’s support and resistance level.

BAT/USDT support and resistance level (Source: TradingView)

From the above daily time frame, it is clear that the following resistance and support levels are from BAT.

Resistance Level 1 – $0.78Resistance Level 2 – $1.01Resistance Level 3 – $1.39Resistance Level 4 – $1.65Resistance Level 5 – $1.95Support Level 1 – $0.63Support Level 2 – $0.42

The charts show that BAT has been on a bullish trend for the past month. If this trend continues, BAT could follow the bulls overtaking its resistance level at $1.95.

Accordingly, if the investors turn against the crypto, the price of the BAT could drop to close to $0.42, a bearish signal.

Basic Attention Token Price Forecast 2022 – RVOL, MA and RSI

The relative volume (RVOL) of BAT is shown in the graph below. It is an indicator of how the current trading volume has changed over time from the previous volume for traders. Currently, BAT’s RVOL is below the boundary line, indicating weaker participants in the current trend.

What’s more, the moving average (MA) of the BAT is shown in the chart above. Currently, BAT is in a bullish state. In particular, the BAT price is above 50 MA (short term), so completely on an upward trend. Therefore, there is a possibility of a reversal of BAT at any time.

Meanwhile, the BAT’s relative strength index (RSI) is at the 66.79 level. This means that BAT is almost overbought. However, this means that there could be a major price reversal of BAT in the coming days. So traders should act with caution.

Basic Attention Token Price Forecast 2022 – ADX, RVI

Now let’s look at the Average Directional Index (ADX) of Basic Attention Token. It helps to gauge the overall strength of the trend. The indicator is the average of the growing price range values. This system attempts to measure the strength of price movements in positive and negative directions using DMI indicators with ADX.

The chart above represents the ADX of the basic attention token. Currently, BBT is in the 33.40 range, so it indicates a strong trend.

The chart above shows the relative volatility index (RVI) of BAT. RVI measures the constant deviation of price changes over a period of time rather than price changes. BAT’s RVI is above 50 levels, indicating that the direction of volatility is high. In fact, BAT’s RSI is at the 66.79 level, confirming a potential buy signal.

Comparison of BAT to BTC, ETH

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

BTC vs ETH vs BAT Price Comparison (Source: TradingView)

From the chart above, we can see that the trend of BTC is moving in an uptrend. But the recent trend of ETH and BAT is moving in a downward direction.

Conclusion

With continuous improvements in the Basic Attention Token network, we can say that 2022 is a good year for BAT. For this reason, Basic Attention Token’s bullish price prediction in 2022 is $1.95. On the downside, the bearish BAT price forecast for 2022 is $0.4282.

In addition, with the advancements and upgrades of the BAT ecosystem, BAT’s performance would help it rise above the current high (ATH) $1.65 very soon. But it can also reach $2 if the investors believe that BAT is a good investment in 2022.

FAQ

1. What is a Basic Attention Token?

Basic Attention Token (BAT) is the token that forms the basis for a new blockchain-based digital advertising platform developed to fairly reward users for their attention while providing advertisers with a better return on their ad spend.

2. Where can you buy BAT?

BAT has listed on many crypto exchanges, including Binance, OKX, Bybit, FTX, and BingX.

3. Will BAT reach a new ATH soon?

With the continuous developments and upgrades within the BAT platform, it has a high probability of reaching its ATH soon.

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

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

5. Is BAT a good investment in 2022?

Basic Attention Token (BAT) seems to be one of the top scoring cryptocurrencies this year. According to BAT’s recorded performance in recent months, BAT is considered a good investment in 2022.

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

Basic Attention Token (BAT) is one of the active cryptos that continues to maintain its bullish status. Ultimately, if this bullish trend continues, Basic Attention Token (BAT) will soon reach $2.

7. What will the BBT price be in 2023?

The price of Basic Attention Token (BAT) is expected to reach $3.9 in 2023.

8. What will the BBT price be in 2024?

The price of Basic Attention Token (BAT) is expected to reach $4.7 in 2024.

9. What will the BBT price be in 2025?

The price of Basic Attention Token (BAT) is expected to reach $5.3 in 2025.

10. What will the BBT price be in 2026?

The price of Basic Attention Token (BAT) is expected to reach $6 in 2026.

Disclaimer: The views expressed in this chart are those of the author only. It is not interpreted as investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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