BRETTUSDT SPOTLong
the BRETT tried to rise
The BRETT meme coin is based on the blockchain of 'BASE". It reveals that in May 2024 start, a rise of 550% was witnessed, reaching $0.19650 by June 9th, 2024. This monthly high failed to cross past the supply block and deflected the lower low.
Similarly, this price fall led to the lower low spree; by the August start, it fell majorly beneath the 20-day and 50-day EMA bands.
On August 5th, the BRETT tried to rise as the formation of a liquidity grab candle witnessed major buying. However, the failure to cross $0.10694 has proved the higher bearish pressure.
As of writing, the BRETT trades near $0.07411, with a 2.50% intraday growth. With more increased bearish pressure, the price could hit the nearest support of $0.05653. Beyond this, if the fall extends, then a major demand area near $0.03025 would be the support bears could eye at.
Therefore, the mentioned supports could be a point where a resurgence could be displayed ahead of this month.
Similarly, this price fall led to the lower low spree; by the August start, it fell majorly beneath the 20-day and 50-day EMA bands.
On August 5th, the BRETT tried to rise as the formation of a liquidity grab candle witnessed major buying. However, the failure to cross $0.10694 has proved the higher bearish pressure.
As of writing, the BRETT trades near $0.07411, with a 2.50% intraday growth. With more increased bearish pressure, the price could hit the nearest support of $0.05653. Beyond this, if the fall extends, then a major demand area near $0.03025 would be the support bears could eye at.
Therefore, the mentioned supports could be a point where a resurgence could be displayed ahead of this month.
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