BRETT Trading Update

• Current Price: BRETT is trading near $0.060.
• Trading Volume: Its trading volume has surged by 154%.

The recent crypto market spike has caused prices to fluctuate with the market cap reaching $3.9 trillion. The meme coin market cap has also seen a modest rise, now standing at $77.5 billion. Among meme coins, BRETT has climbed by 19.28% in the last 24 hours.

In the early hours, BRETT traded at its lowest level of $0.04916. However, bullish momentum has propelled it to a high of $0.06061, testing crucial resistance levels between $0.04921 and $0.06056.

As of now, BRETT is trading at $0.06006 with a market cap of $587.26 million and a daily trading volume exceeding $81.06 million.

In the past thirty days, BRETT has gained 46%, starting the month at $0.038 and reaching a high around $0.066.

Future Outlook for BRETT

Should BRETT fail to maintain the support at $0.05999, the price could decline, potentially forming a death cross. This situation might send BRETT down to its support at $0.05992, and losing this level may lead to further downward corrections.

On the upside, a recovery could allow BRETT to reclaim the $0.06013 level. A golden cross formation could lift the price to retest upper resistance above $0.06020 and possibly new highs.

Technical Indicators

BREAT’s technical indicators show bearish momentum, with both the MACD line and signal line remaining below the zero line. However, the MACD line is nearing the zero line, indicating a potential shift in momentum. The Chaikin Money Flow (CMF) at 0.10 suggests slight buying pressure, indicating accumulation rather than distribution.

Additionally, the Bull Bear Power (BBP) reading of 0.00782 shows weak bullish strength, marking a possible turning point, continuation of the uptrend, or a reversal. The daily Relative Strength Index (RSI) of 61.52 puts BRETT in a mild bullish zone, suggesting room for upward movement before reaching overbought conditions.

BRETT chart (Source: TradingView)