Basic Attention Token Persists Uptrend Despite Volatility
Basic Attention Token (BAT) has become the most used DeFi token in Q2 2020. This has been used to incentivize digital ad consumption on the Brave browser. Recently, BAT has recorded $931 million in DeFi volumes, which is $300 million more than ETH.
BAT Price Analysis
Over the last three months, Basic Attention Token has reflected massive volatility. However, the token managed to trade above the $0.25 mark in the previous 30 days. Since the beginning of the ongoing month, the currency was trading with upward momentum and breached $0.26 mark, but then, it faced a sudden drop, and the price fell to $0.24.
Yesterday, BAT price spotted at $0.24015, and then it regained upside momentum. Just before 09:00 UTC, it retested $0.2514. Later, with moderate ups and downs, the price of Basic Attention Token reached the highest point of the day at $0.2563. However, at this high, the token faced rejection and started downward correction. Towards the closing of the day, it fell to $0.2489.
Today, BAT price marked decent recovery, and at the press time, it trades around $0.2540. The MACD reflects a bullish crossover due to a recent hike in the price. As per the current momentum, the token might cross the next resistance around $0.26.
