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- BAT closed three weeks green and started its fourth week with bullish resistance challenges.
- Historical patterns suggest BAT’s bullish potential could lead to sustained growth over the coming months.
Basic Attention Token (BAT) is attracting interest as analysts foresee a notable bullish future in its trajectory. Popular crypto analyst Alan Santana on TradingView highlights that BAT has shown encouraging indicators.
It closed three consecutive weeks in the green and started its fourth week with a strong push against resistance levels. Santana compares this current trend to January 2021, when BAT experienced a remarkable period of sustained growth.
BAT: Historical Patterns and Future Growth Potential
BAT closed four green weeks in 2021, then one red week, then three green weeks, then one red week alternately. This trend continued for 98 days, indicating constant positive momentum before peaking. Santana notes that although the present cycle may not evolve exactly, there is clearly underlying optimism.
He underlines that such patterns generally involve the law of alternation, which makes exact predictions difficult but also highlights the likelihood of a notable increasing trend.
Santana also emphasizes as a sign of positive activity the trade volume. BAT’s consecutive green closures show that it is still early in this positive cycle, even if there has not been a significant volume rise thus far.
In the next months, he advises BAT to witness development ranging from 300% to as high as 900% possibly aiming for an all-time high of $4.81. This estimate shows a rewards potential of up to 1,500%, so placing BAT as a token with great expansion possibilities.
Meanwhile, BAT is swapped hands at about $0.2623 as of writing. Over the last 7 days, it has gained 18.91% and over the last 30 days, it has grown 61.61%.
More general market factors suggest an altcoin season about to arrive. Driven by expected pro-crypto policies under the Trump administration and changes in liquidity, CNF reported that cryptocurrency performance may explode.
A decline in Bitcoin dominance below 58% could indicate the beginning of this altcoin season, claims a report by QCP Capital. Should this situation develop, BAT is positioned to ride the positive wave alongside other cryptocurrencies.
