Basic Attention Token Holds Daily Trend as Hourly Momentum Weakens

Basic Attention Token (BAT) stood at $0.1972 on Oct. 16, below its prior daily close of $0.2159, even as daily chart readings stayed stronger than the token’s hourly momentum.

BAT logged a $0.2159 close for its prior completed daily session at 8 p.m. ET Oct. 15 (00:00 UTC Oct. 16). At $0.1972, the token remained above its 20-day exponential moving average (EMA) at $0.1335, 50-day EMA at $0.1055 and 200-day EMA at $0.09959. The daily relative strength index (RSI), a momentum measure, was 78.8, and the moving average convergence divergence (MACD) histogram was positive and widening.

Hourly readings were softer. The hourly RSI was 47.1, and its MACD histogram was negative and widening. BAT was below its 20-hour EMA at $0.1974 but above its 50-hour EMA at $0.1901 and 200-hour EMA at $0.1606.

Brave’s July 9 roadmap outlined plans to expand BAT’s role across Brave Wallet, BravePay and a Rewards Card. The plan ties repurchases to revenue and leaves their scale and schedule dependent on market conditions and program requirements; it gives no date-specific buyback plan for Oct. 16.