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BRETT had fallen significantly below the 20-day and 50-day EMA bThe BRETT meme coin, built on the 'BASE' blockchain, experienced a remarkable 550% surge in early May 2024, peaking at $0.19800 by June 9th, 2024. However, this high couldn't surpass the supply block, leading to a downward trend. By early August, BRETT had fallen significantly below the 20-day and 50-day EMA bands. On August 5th, despite a significant buying attempt during a liquidity grab formation, it failed to break past $0.10694 and declined again. As of September, the last month of Q3, BRETT has shown signs of recovery, trading above the 20-day EMA. However, the 50-day EMA band and the upper border of the wedge are currently hindering further ascent. If these hurdles are cleared, BRETT could head to retest the $0.19800 level. At the time of writing, BRETT is trading around $0.08188, with a 4.0% intraday growth. If it overcomes the current resistance, the next targets are $0.10694 and $0.15000. Conversely, if bearish pressure increases, the nearest support level is $0.05653, with a major demand area at $0.03025 if the decline continues.
Long
by Sam_TCR
Brett Rises From The Ashes: Eyes 26% gains Above This Level?Brett Rises From The Ashes: Eyes 26% gains Above This Level? Brett illustrates the formation of a bullish pattern the breakout of which could enable 26% gains. The RSI line and 14 day SMA highlights a golden crossover indicating a continued buying. Following a prolonged duration of correction, Brett is now emerging as a meme coin set for substantial growth potential in the last quarter of the year 2024. Amid the federal reserve interest rate cut, crypto investors seems to be in a aggressive mode and drive the price higher. Following a notable bullish pattern over the charts, Brett has also aligned itself to get benefit of the improved sentiments among the investors. A successful breakout of the which could help Brett investors gain over 26% in the short term. As BRETT positions for an explosive move, the following analysis illustrates the factors that could contribute to the price trajectory and what investors should look while chasing for profits. Weighted Sentiment Curve Boosts Investors Confidence Moreover, looking at the previous price action, Brett experienced a strong bull run in the 1st half of 2024 along with a rise in the meme sector. However, the crypto had been in a correction since mid June and has dropped by over 49% since then. However, the recent price surge along with a rise in transaction volume has added hopes of recovery to BRETT investors. The daily transaction volume has surged by a 106% to $26.7 Million a day indicting heightened demand. Also, The volume to market cap ratio at 3% suggests low volatility. Moreover, the weighted sentiment curve and zero line showed a positive divergence. This on-chain metric is vital for identifying the overall biasness whether the bulls or bears are dominating the trend. Recent buying pressure lifted the positive sentiment curve. As a result, the weighted sentiment curve shifted to a positive territory indicating a positive sentiment in the short term. Is Brett Poised For A 26% Gain In September? Form a price action point of view, The recent swing illustrates the formation of a lower high which provides an early insight of a bullish breakout. The daily chart showcases the formation of a cup and handle pattern with neckline at $0.834 level. As of now, Brett was exchanging hands close to $0.083 recording an impressive 8.66% intraday rise. A breakout above the neckline may validate the breakout and Brett may head for a straight 26% gains towards the $0.10 level. The bulls are leading the short term trend due to which a breakout is likely. On the flip side, a sustenance above the $0.07 level is crucial for a bullish breakout. Despite the short term trend control the bulls lack the control of long term trend. Hence, a breach below $0.070 level could invalidate any breakout and recovery scenario. As of now the $0.83 level on the higher side and $0.07 level is crucial for the investors. At the time of writing, RSI line was placed close to 54 points and that of the 14 day SMA line was at 46 points. Moreover a bullish crossover between both the lines was observed indicating a trend continuation in the short term.
Long
by Ritika_TCR
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.
Long
by Sam_TCR
Brett (BRETT)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.
Short
by Ritika_TCR
forming a descending broadening wedge patternBRETT experienced a meteoric rise of over 550% in early 2024, breaking out from a double bottom pattern in mid-May. However, this rapid ascent was followed by a sharp decline as bearish pressure intensified, forming a descending broadening wedge pattern. Currently trading at $0.09145, the price is approaching the upper boundary of this wedge but faces immediate resistance from the 50-day moving average. A successful breach of this moving average could signal a potential breakout and retest of previous highs, a change of character (CHoCH) would take place. Technical indicators offer mixed signals. The indicators like MACD showed -0.01000, whereas the histogram was negative 0.00097, indicating bearish momentum. Meanwhile, the RSI showed a resurgence from the oversold territory that aimed at overbought showing signs of bullish strength, whereas, at the press, the RSI was at 40.42. Potential resistance levels for BRETT are identified at $0.120 and $0.150, while support is expected at $0.055 and $0.0311.
Long
by Sam_TCR
Decoding BRETT Price Over Daily Chart In mid-May 2024, the BRETT price broke from a double bottom pattern, which had exhibited gains of more than 550% by June 10th. However, due to the high pressure of bears, it built a weak high that created instability in price, leading to its price plummeting. The plummetation led to a declining broadening wedge, where the recent support was witnessed by the wedge lower border, which was seen in the form of a liquidity grab candle. At press time, the price had traded at $0.09271 and seemed headed for the upper border, but in the way, the dynamic resistance of 50-day looms. Once the 50-day EMA gets pierced, a change of character (CHoCH) would take place, which could lead to a breakout from the upper border of the wedge towards retesting the supply again. The indicators like MACD showed -0.01019, whereas the histogram was negative 0.00457. Meanwhile, the RSI showed a resurgence from the oversold territory that aimed at overbought, whereas, at the press, the RSI was at 37.26. Therefore, the resistance could be at $0.120 and $0.150, followed by the supports at $0.055 and $0.0311, respectively.
Long
by Sam_TCR
1
A memecoin On Base Chain- BRETT, Can It Show Resurgence?The Brett (BRETT), a meme-coin, has been displaying degradation on the chart from the symmetrical triangle breakdown. The profit booking continues after trying to hold the gains when it surged 550% in the past from bottom to peak at $0.19415. In this memecoin, the investors and traders are not finding an optimum level to step in for going long in BRETT, so the deterioration could continue until it finds one. Per the technical price action, the best interruption for bears that could stand tall could be the $0.07050 critical support level. This support level could act as a support turned out from resistance. Meanwhile, On the support of $0.07050, the buyers could step in prominently and find the level attractive, but the cache is the buyer's interest. On the flip side, breaching this could even harm the price if buyers don't want to bet on BRETT from the chosen support. So, investors and traders should stay cautious before going long in any financial-related scrips and cryptos (DYOR).
Short
by Sam_TCR
Brett (BRETT)Brett (BRETT) Brett crypto attained the 5th most underperforming crypto this week recording a fall of nearly 23.08% a week. From a technical standpoint, the Brett crypto hovers above the 50 day and 200 day exponential moving average indicating a positive trend prevailing. However, the recent fall has dragged the crypto below the 20 day EMA, it still might be a buy on dip opportunity for the buyers as the price may again head for a bullish continuation. On the higher side, the $0.16 and $0.195 level may be the short term profit booking levels for the investors. Moreover, for the price to turn bearish it needs to break below the $0.089 level.
Long
by Ritika_TCR
BRETT has still been trading in a cross Overlooking at the 4-H chart, it has witnessed bearish pressure increasing for the past 5 months, and from the peak, it has seen nearly 39% consumption in its earlier gains. The BRETT has been trading in a contracted wedge that gave breakdown and completed symmetrical triangle breakdown. Thus, the price of BRETT exhibits a strong bearish nature of the price. The Indicators show that the BRETT has still been trading in a cross of 50-day, and 200-day EMA, despite the fall. This showcases that a death cross seems anticipated, which could be the long-term downtrend based on bear pressure. The MACD indicator highlights that both lines have been moving below the zero line, with a growing histogram at -0.00375. Meanwhile, RSI flashed at 22.64, in an extreme oversold zone.
Short
by Sam_TCR
Can Brett Crypto Reclaim Highs Again?Can Brett Crypto Reclaim Highs Again? Brett, who is assumed to be Pepe's best friend on the Base Chain has also performed similar to that of Pepe in the recent sessions. Brett crypto noted an impressive rise breaking out of a short term correction phase. Despite being down 4.39% in intraday today, Brett has secured an impressive weekly gain of 20.96%. The technical analysis shows that the long term trend favors the bullish side which attracted the buyers after the price went for a pullback. Brett stands out at 56th in the cryptoverse with a live market capitalization of nearly $1.56 Billion. The transaction volume has surged by 8.23% to $67.520 Million a day. Out of total 10 Billion BRETT tokens almost 9.9 Billion tokens are in the circulating supply. Moreover, the volume to market cap ratio is 4.31% suggesting low volatility.
Long
by Ritika_TCR
ignal line in a golden cross configurationBRETT's price has recently surged past the descending wedge pattern, which was marked by a significant uptrend and robust bullish candles. Following a notable 12% increase post-breakout, the price is now retracing towards the initial breakout point. On the 4-hour chart, the EMAs had exhibited an ongoing golden cross, with the Brett crypto's price positioned above both the 50-day and 200-day EMAs, indicating a positive long-term trend. The MACD aligns with the signal line in a golden cross configuration, maintaining a bullish course. The histograms also reflect this optimism, displaying a bullish formation. The RSI is in a bullish phase, having reached the overbought territory. Currently, the RSI is approaching the 50 mark and is on the verge of intersecting the 14-day SMA, suggesting a strong likelihood of sustained upward momentum for BRETT crypto. The key support levels for Brett are set at $0.1070, and $0.1250. while it faces resistance at $0.1700, and $0.1950.
Long
by Sam_TCR
Brett (BRETT) Surged By Over 3 Folds A month!Brett (BRETT) Surged By Over 3 Folds A month! Brett crypto has won the biggest crypto gainers spot soaring by over 314% in the past month. At the time of writing, the crypto was exchanging hands close to $0.14 with a live market capitalization close to $1.36 Billion. The recent sessions have witnessed some profit booking from an all time high of $0.19 recorded just a few sessions ago. The price has fallen by over 24.9% from ATH, still the crypto managed to be the top performer of the month. From a technical point of view, the price is reaching the recent support of $0.14. Now, if the selling continues below the support the price may undergo a correction phase. while, if the bulls are able to defend the price above it, the price may again resume its way towards the record highs.
by Ritika_TCR
Brett Crypto Explodes 38.56% In Intraday: Time To Ride The TrendBrett Crypto Explodes 38.56% In Intraday: Time To Ride The Trend? At the time of writing, Brett crypto was exchanging hands close to $0.107 recording a positive intraday development of 38.47%. Brett has surpassed the Milestone of $1 Billion Market cap within four months since its launch in February. Brett crypto has made a remarkable 38.47% rally in Intraday listing itself in the top trending list of coinmarketcap.com. This impressive ascent has elevated the meme-based digital currency into the exclusive club of cryptos with a market capitalization exceeding $1 billion. The BRETT investors and community are rejoicing as the crypto has achieved this milestone in just 4 months since its debut in February 2024. Moreover, the community is comparing this achievement to that of Dogecoin which took several years to achieve this milestone. Also, the community draws a comparison with pepe, which also achieved this milestone in several months. Positioning itself as a pivotal cultural symbol within the crypto world, Brett serves as the emblematic figurehead for Base Chain. As Base Chain's network continues to broaden, it's becoming a central hub for a multitude of projects and applications. The expansion of the Base Chain ecosystem lays a robust groundwork for BRETT's valuation to prosper. It benefits from the collective resources and know-how of various projects within the space. With the ongoing growth of Base Chain, the prospects for BRETT to flourish and enhance its services also increase. Social Sentiments On The Rise! Moreover, the social sentiments have exploded much earlier than that of Brett's price. The recent sessions have observed a massive growth in user engagement on the various social platforms. As per the data obtained from a financial website app.santiment.net, there has been an 80 to 100% growth in the social metrics social dominance and social volume in the last two weeks. The social metrics includes the twitter news, followers and active users on the various platforms like Telegram, Twitter (X) and others. It reflects how much it is talked about, valued, and sought after by the crypto community. It shows how popular, active, and in-demand the crypto is among users. A rise in the social metrics typically signifies a boost in user involvement, suggesting a growing demand for the cryptocurrency. This trend often has a favorable effect on its market value. What’s Next For Brett Crypto? From a technical point of view, the BRETT crypto is trading with a bullish bias near its all time high value. The remarkable intraday increase of over 38.47% indicates a dominant bullish market sentiment. The surge in trading volume by more than 44% points to sustained high interest, which could potentially drive the price to new peaks above the current ATH. Now, If the momentum resumes, the bulls may look to conquer the next major hurdle of $0.15 on the higher side. Moreover, a bullish crossover in the RSI supports the continuation of the trend. At the time of writing, the RSI line was placed at 71.14 while the SMA line was at 68.77 points. Conclusion. Brett crypto has soared by 38.47% in intraday listing itself in the top trending crypto. Moreover, BRETT has surpassed a $1 billion market cap in just four months post-launch, a milestone that took Dogecoin years. Furthermore, the social engagement metrics are showing a growth of over 80%, indicating heightened community interest and potential demand. From a technical outlook , Brett price is trading near its all-time high, with a 44% volume increase. A bullish crossover in RSI suggests that the trend may continue. The community's excitement and technical analysis both point to a strong upward trajectory for Brett's value.
Long
by Ritika_TCR
1
Brett Surpasses ATH: Analysts Foresee Further 20% Uptick ImminenBrett Surpasses ATH: Analysts Foresee Further 20% Uptick Imminent Brett Crypto has eclipsed its previous all-time high established in April, now soaring to new record levels. The bullish momentum is bolstered by a significant surge in trading volume, indicating a robust demand that may propel the price even higher. Brett Crypto is consistently breaking new ground, having exceeded its April peak and continuing to set new records daily. The bulls are in complete domination, with the price soaring more than 25% above its previous high in just a few sessions. The price performance reveals a gain of over 60% a week and 88% over the month. Despite this rapid ascent, analysts predict there's room for an additional 20% increase before a corrective pullback is likely. Let's analyze the future price potential, considering the influx of trading volume and the current volatility indicators. Brett Crypto Surpasses ATH With Massive Rise In Volume Brett crypto has been on an impressive upward trajectory, marking its sixth consecutive day of gains and eclipsing its prior peak of $0.07. The bullish trend is evident as the crypto has observed a positive intraday development of over 10%. Moreover, This upward movement is further validated by a significant boost in volume inflow, indicating a surge in demand that could potentially drive the price even higher. Specifically, the intraday volume has skyrocketed by 123.5%, reaching $61.2 million. Additionally, the volume-to-market cap ratio stands at 7.17%, reflecting a moderate level of volatility in the market. Currently, there are 9.9 billion BRETT tokens in circulation, which constitutes 99% of the total supply capped at 10 billion tokens. Is Brett Crypto Poised To Gain More? Since its debut, two months ago, Brett Crypto has seen a remarkable 335% increase from its lowest recorded value, and it appears set for further growth following its recent surge past the prior all-time high. From a technical point of view, the cryptocurrency has achieved a new swing high, and the escalating trading volume suggests there's room for additional upward movement. Analysts believe Brett Crypto could rise by another 20% before hitting a potential resistance level. On the upside, the crypto might ascend to the key $0.10 mark, which could trigger some profit-taking. Conversely, should the price decline, the former all-time high of $0.07 could provide support and help avert a steeper drop in value. Conclusion. Brett Crypto has been setting record highs, with a recent 25% surge over its previous peak. The crypto has recorded a weekly gain of nearly 60% and monthly gain of 88%. Analysts assume a potential 20% increase before a correction. At the time of writing, the crypto was exchanging hands near $0.085 marking a 10% intraday rise. The Surge in the price was backed by a 123.5% jump in volume to $61.2 million, indicating strong demand. As per our analysts, the price may reach $0.10 before facing resistance, while $0.07 could act as support against declines.
Long
by Ritika_TCR
Brett Crypto : Post-Crash Stability, but Will It Bounce Back?Brett Crypto has been consolidating near the monthly lows for the last two weeks. The BRETT price is down significantly 5.04% in Intraday and currently trades close to $0.065. The Brett crypto is extending the losses on the second consecutive day and has dropped by more than 5% at the time of writing. It was trading close to 0.065 USD and is intending to close the session in red. The daily chart depicts a consolidation of over two weeks near the monthly low value. The Brett crypto noted a high volatility in March after its launch. The price surged massively in the earlier weeks of March however crashed in the last week near $0.088. Furthermore, the volatility dropped from the very start of April month and a consolidation was observed in the last two weeks. Several indecisive candles are being formed over the daily chart which is creating a confusing scenario for the traders and Investors. The $0.088 and $0.042 levels are acting as the upper and lower supply zone for the crypto. Any breakdown of the consolidation may decide the next clear trend. Until the crypto is maintained in the range, the trend outlook is indecisive and sideways. Any sustained move after breakout may validate a trend reversal and the price may show gains thereafter. On the other side, the price hovers near the monthly low value which increases the probability of a breakdown. A trend continuation may be observed in case of breakdown. Brett Crypto Volume Analysis The volume inflow has increased by 8.52% as compared to the previous day’s volume and has reached 28.06 Million USD at the time of writing. The live market capitalization of BRETT cryptocurrency is 556.88 Million and ranks 218th among all the cryptocurrencies. The volume to market cap ratio is 4.79% suggesting low volatility in the crypto. It has 8.55 Billion BRETT tokens in the circulating supply which is nearly 85.55% of the total supply. It has a total supply of nearly 10 Billion BRETT tokens. Brett Crypto Technical Analysis From a technical point of view the BRETT cryptocurrency price hovers below all the key EMAs of 20, 50 and 200 days suggesting a weak outlook in the short term as well as long term. At the time of writing, the RSI line was hovering close to 31.48 points and that of the SMA line was at 32.0 points. Both the RSI and SMA line were placed below the mean line and near an oversold region indicating a negative outlook as per the RSI analysis. Brett Crypto Forecast 2024 On the most bullish observation, The BRETT price could rise to a high of $0.193 by the end of April 2024 if buyers are able to surpass above the $0.088 resistance. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the recent support of $0.042 level after which the price may fall to $0.001 level. Conclusion. Brett crypto is facing a continued decline on the second consecutive day and is likely to end the day lower. Currently, the price is consolidating near monthly lows After facing high volatility in the last month. The price fluctuation is confined between $0.088 and $0.042, with a breakout or breakdown expected to set the future trend. Currently, technical indicators like EMAs and RSI suggest a bearish outlook, with the RSI near the oversold territory. Market capitalization stands at $556.88 million, with a low volatility indication from the volume-to-market cap ratio. Technical levels: Support levels: $0.042 and $0.001 Resistance levels: $0.088 and $0.193 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
by Ritika_TCR