Image of BPT
BPTBest Patent
$0.0004488
-0.93%
1D

Best Patent Analysis

Investment Score
A quick view into Best Patent's investment prospects.
4.6

The setup lacks strong confirmation and carries enough risk to justify caution at current levels.

What is helping
  • MACD is confirming the current directional bias.
  • The current level still offers a favorable reward-to-risk profile.
Main risks
  • The higher-timeframe trend is still working against fresh longs.
  • Price is trading below the volume-weighted average, which suggests the move is losing volume-backed support.
Market State Summary
Current regime
Bear Quiet
Confidence: 95%
Why this state?
  • BPT is below SMA50
  • SMA50 is below SMA200
  • SMA50 slope is negative over the last 10 days
  • 30-day return is negative
  • ATR volatility is below the 60th percentile of its trailing 180-day history
Suggested strategy

In the current Bear Quiet regime, the best-fit approach is Stay defensive and wait for confirmation. The market is weak without panic-level volatility, which usually argues for staying defensive, avoiding aggressive entries, and waiting for clearer evidence of a reversal.

Trend
Bearish
BPT is trading below key moving averages and the medium-term trend is still weakening.
Momentum
Oversold
RSI is 28.54, which points to stretched downside momentum.
Volatility
Quiet
BPT ATR volatility is below the 60th percentile of its trailing 180-day history.
Key Levels
Resistance zone
$0.0004933 - $0.0005194
Active zone
$0.0004370 - $0.0004631
Support zone
$0.0004191 - $0.0004530
Chart Patterns
SMA50
SMA100
SMA200
RSI
Oversold
MACD
Bullish
ATR%
Quiet
Volume
Low
Support & Resistance

Best Patent support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.

Support zone
$0.0004191 - $0.0004530
Resistance zone
$0.0004933 - $0.0005194
Active zone
$0.0004370 - $0.0004631
Levels Table
LevelZoneStrength
Support 1$0.0004191 - $0.0004530
Resistance 1$0.0004933 - $0.0005194
Resistance 2$0.0005336 - $0.0005597
Resistance 3$0.0005912 - $0.0006195
Resistance 4$0.0007048 - $0.0007632
Active 1$0.0004370 - $0.0004631
Scenario Analysis
Bullish scenario

BPT clears the resistance zone at $0.0004933 - $0.0005194 and holds above it. That would strengthen the breakout case and shift attention to $0.0005336 - $0.0005597.

Bearish scenario

BPT loses the support zone at $0.0004191 - $0.0004530. That would weaken the setup and open the way toward $0.0004191 - $0.0004530.

Neutral scenario

BPT continues trading between $0.0004530 and $0.0004933. In that case, range-trading conditions remain active.

Technical Indicators

Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.

IndicatorValueSignalInterpretation
SMA50
$0.0007134
Bearish
BPT is trading below the 50-day average.
SMA200
$0.001555
Bearish
BPT remains below the long-term trend line.
EMA50
$0.0007712
Bearish
BPT is trading below the 50-day exponential average, which weakens the recent trend.
EMA200
$0.001478
Bearish
BPT is below the 200-day exponential average, which keeps the longer-term structure under pressure.
RSI (14)
28.54
Oversold
RSI (14) is depressed at 28.54, which suggests downside momentum may be getting exhausted.
Stoch RSI (14)
8.00
Oversold
Stoch RSI (14) is low at 8.00, which shows momentum is pressing near its recent lower extreme.
MACD
-0.00008339
Bullish
MACD is above its signal line.
ATR
5.76%
Quiet
Volatility is below its 180-day median.
VWMA
$0.0005142
Bearish
Price is below the volume-weighted average.
Commodity Channel Index (20)
-82.01
Neutral
CCI (20) is at -82.01, which keeps price relatively close to its recent average.
Awesome Oscillator (5, 34)
$-0.0001272
Bearish
Awesome Oscillator is below zero at $-0.0001272, which supports bearish momentum.
Williams Percent Range (14)
-98.40
Oversold
Williams Percent Range (14) is near the bottom of its recent range at -98.40.
Bull Bear Power (13)
$-0.00003385
Bearish
Bull Bear Power (13) is negative at $-0.00003385, which suggests sellers are controlling price relative to the EMA baseline.
Ultimate Oscillator (7, 14, 28)
12.01
Oversold
Ultimate Oscillator is weak at 12.01, which suggests multi-timeframe downside momentum may be stretched.
Hull Moving Average (9)
$0.0004435
Bullish
BPT is trading above the Hull Moving Average (9), which supports the near-term trend.
Ichimoku Cloud B/L (9, 26, 52, 26)
$0.0005906
Bearish
BPT is trading below the Ichimoku base line, which points to weaker structure.
Assets Similar to Best Patent

Over the past 7 days, Best Patent price was most positively correlated with the price of Flare (FLR), Canton (CC), LEO Token (LEO), Nexo (NEXO) and World Liberty Financial (WLFI) and most negatively correlated with the price of Dash (DASH), NEAR Protocol (NEAR), Decred (DCR), Litecoin (LTC) and Sun Token (SUN).

Positively Correlated Currencies
NameCorrelation
Image of FlareFlare0.711
Image of CantonCanton0.573
Image of LEO TokenLEO Token0.559
Image of NexoNexo0.524
Image of World Liberty FinancialWorld Liberty Financial0.493
Negatively Correlated Currencies
NameCorrelation
Image of DashDash-0.901
Image of NEAR ProtocolNEAR Protocol-0.830
Image of DecredDecred-0.826
Image of LitecoinLitecoin-0.798
Image of Sun TokenSun Token-0.788

Best Patent price is negatively correlated with the top 10 coins by market cap with a price of -0.441, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.326. Currencies that are positively correlated with Best Patent indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Best Patent, a move in one direction for Best Patent would translate into a move in the opposite direction for the negatively correlated coin.

The CoinCheckup Cryptocurrency Price Tracker
Track over 40,000 crypto prices in real-time with ease.
Google Play Store link
4.3 • 10,000+ Ratings
Image of mobile app