Brett (BRETT) Brett emerged as the 2nd most underperforming crypto asset this week losing nearly 18%. The price entered a correction phase in June and has been declining forming multiple lower highs.
The daily chart highlights the formation of a declining parallel channel pattern with the price included between the upper and lower boundary of the channel. It has a live market capitalization of $837.4 and ranks 71st in the cryptoverse.
The volume to market cap ratio at 2.58% suggests low volatility in the market. From a technical point of view, Brett price hovers below the key Exponential moving average of 20 and 50 days suggesting a bearish trend prevailing.
On the lower side, the price may continue to slide till the $0.07 level if selling pressure exceeds. On the higher side, for a sustained move to the upside, Brett needs to break out of the formed declining channel pattern.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.