BAT Price Analysis: Explaining BAT Price Patterns

• The price of BAT is trading close to $0.170952. The coin’s price increased by 4.40% in the last 24 hours.
• The BAT price has been observing a decline of -13.06% in the last seven days.
• The BATmarket capital is at $254612056.

By evaluating the previous price data, BAT is in a downtrend currently. The price decreased by -13.06% last seven days, and BAT is underperforming right now. From its peak price of $1.90, it fell -91.00% in the previous year and destroyed the investors’ wealth. The current market sentiments could be better, and no significant volume or buyers are available in the current market condition. It could be a reason for the poor performance of the coin.

BAT Price Analysis

EMA: The price of BAT is trading beneath 50 and 200 EMA, which suggests the cost is downward. If the sellers continue to push the price downwards, it could fall more in value in the upcoming week if they destroy the current support. 

MACD: Right now, MACD is giving bearish views. The MACD line is at -0.01492239, and the signal line is at -0.01249263. Both are on the negative side, giving bearish signals, and are below the zero line.

RSI: The RSI line has been moving in the oversold territory for the past few days. The 14 SMA has a value of 30.50 points, and the RSI line is around 29.72. It indicates that the BAT market is in the oversold zone.

Stochastic RSI: The current %d line is at 7.67, and the %k line is at 16.46, which indicates BAT is in an oversold zone.

Bollinger Band: The Bollinger Band is showing a bearish signal. The price is resting on the lower band.

Trendline Analysis

As per the Trendline, the price is respecting the Trendline. It’s getting support from the trendline and can go upward to the resistance line shortly. But shortly, it appears to be bearish. So, the price of BAT can continue to fall and try to break the current support.

Volume Analysis

BAT trading volume of 24 hours is $12491046, with a 1.90% increase in importance in the last 24 hours. Currently, the volume is low because of adverse market conditions and a lack of buyers. Buyers need more confidence in the market.

Technical Levels

• Support – The current support level of BAT is $0.154.

• Resistance –The current Resistance level of ROSE is BAT $0.239.

Conclusion

According to the analysis, the indicators indicate a bearish signal. Bears control the price, and it is expected to fall more shortly. The cost of BAT presently shows a pessimistic scenario. Major reliable indicators like EMA, RSI, and MACD give negative signals about the BAT coin. Investors need to show significant buying interest, which could be happening because of the consistently poor performance of the coin. If the coin breaks the current level, then the chances of the coin falling further may also increase.

Disclaimer

The analysis given above is for informational and educational purposes only. You should not be taken it as financial, investment, or any other trading advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.