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Basic Attention Token: Can BAT Advance & Reclaim Upper Levels?

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  • 1 The BAT crypto increased 2.68% in the last 24 hours and was trading at $0.25855.
  • 2 The BAT token is ready for more movement on the chart and could continue to go up in the next sessions.

Basic Attention Token (BAT) is a token that runs on a new digital advertising platform that is based on a blockchain. It aims to benefit its users by rewarding them fairly for their attention while giving advertisers a better return on their ad spend.

On the flip side, advertisers can even deliver ads that would be more relevant and engaging and reduce losses due to ad fraud and abuse.

The Basic Attention Token itself is the reward unit in this advertising ecosystem and is traded between advertisers, publishers, and users.

Moreover, in BAT tokens Advertisers pay for their advertising campaigns. Out of this budget, a small part is given to advertisers, while 70% is given to users. Middlemen, who usually increase advertising costs, are eliminated from the process to enhance cost efficiency.

However, basic Attention Token started in 2017 after one of the quickest sell-out initial coin offerings (ICOs) ever, with the platform raising a total of millions in less than a minute.

Since then, it has launched its attention-based advertising experience to users in most countries through its Brave Rewards program.

Let’s Look Inside the Chart of BAT Crypto on 1-D Timeframe

Basic Attention Token: Can BAT Advance & Reclaim Upper Levels?

Source: by TradingView

The BAT price had a long drop from the start of 2023, when it was close to $0.33, and started to bounce back in October 2023.Based on the chart performance, BAT crypto has done well on the chart in the last quarter by 50.83%.

Besides, in the last week, the price has kept the uptrend and risen 9.58%. It indicates more potential as the price is climbing up despite the obstacles in its upward direction on the chart.

At the time of writing, the BAT crypto increased 2.68% in the last 24 hours and was trading at $0.25855.It seems that the BAT crypto is ready for more movement on the chart and could continue to go up in the next sessions.

Therefore, the Basic Attention Token price could go up more from the current level in the next sessions.The Basic Attention Token crypto asset has demonstrated strong performance keeping the price above the major EMAs.

Therefore, if the demand for the BAT increases more, then the next target for the BAT price will be $0.300000.On the other hand, if the BAT crypto price does not hold above the $0.22500 level, it could fall more and break the supporting EMA’s as well.

Basic Attention Token: Can BAT Advance & Reclaim Upper Levels?

Source: by TradingView

Summary

Basic Attention Token (BAT), is the token that runs on a new digital advertising platform that is based on a blockchain.Based on the chart performance, BAT crypto has done well on the chart in the last quarter by 50.83%.

Besides, in the last week, the price has kept the uptrend and risen 9.58%. This indicates more potential as the price is climbing up despite the obstacles in its upward direction on the chart.

It seems that the BAT crypto is ready for more movement on the chart and could continue to go up in the next sessions.Therefore, if the demand for the BAT increases more, then the next target for the BAT price will be $0.300000.

Technical Levels

Support Levels: $0.22500

Resistance Levels: $0.300000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Ritika Sharma

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.

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