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The Basic Attention Token has been on a major bullish rally during the past 24 hours. The token is currently inching closer towards its all-time highs because of these gains. Moreover, it is performing better than most altcoins struggling to make notable gains, given that the broader market is showing signs of consolidating.
Basic Attention Token is trading at $1.32 at the time of writing after a 23.4% gain in 24 hours.
BAT price analysis
BAT is currently showing signs of strong bullish momentum, given that the uptrend is not showing any signs of exhaustion. The current bulls are coming from market support, which has grown strong during the past 24 hours.
If this token can continue with its gains, it could test the upper resistance level of $1.40. It has tested this level during the past 24 hours, and if buyers are agile enough, it could again break out and set the next target at $1.45.
The coin is currently aiming at breaking past its all-time high of $1.63. If it reaches these levels, it could be headed towards an even greater bullish rally.
On the downside, buyers could be exhausted because the rest of the market is yet to enter into a strong bullish trend. In case of a flip in the current trend, BAT will drop to the lower support level of $1.20. buyers could start dip-buying if the prices drop towards $1.
The BAT token is popular in the market because of the Brave browser. This browser seeks to offer the same set of services, such as Google, and it has become popular because it is based on the concept of decentralization and blockchain. The browser is also privacy-enabled, which prevents third-party tracking.
Where to buy BAT
To buy BAT during the current bulls, you can create a cryptocurrency exchange account ion eToro. eToro comes with a wide range of user-friendly features such as low trading fees and commissions. It also allows copy trading for a new trader to learn from an expert trader.
Your capital is at risk.