Meme coins sector saw the most gains during this month’s recovery, as Brett leads with a market cap of $646 million on the Base network. It is now down due to a slowdown in buying, but still holds an 85% weekly gain.
Joining the latest market recovery with a bounce off the $0.023 earlier this month, Brett’s price increased consistently until it reached a two-month high of $0.069 last week. That brought a significant change in the trading landscape and is now looking strongly bullish on the daily chart.
This week, things have slowed down a bit as volatility remains moderate on the daily scale. The bulls are currently taking a break due to recent buying exhaustion. They are likely to resume pressure anytime soon.
Currently, the market seems indecisive due to a lack of interest, but we can anticipate an advancement towards the key $0.1 level when the bulls return. Above this key level lie a lot of obstacles. Scaling through them could lead to a major reversal in the trend for long-term gains.
Regardless of the latest recovery, the bears still have an upper hand on the short-term scale. If they manage to step back in action, Brett could slide back to the recent monthly bounce level. A drop off it should signal another major bleeding before locating a threshold.
BRETT’s Key Level To Watch
Brett’s price currently sits above the $0.0585 support. A pull below it could bring a retest at the $0.042 support. The $0.0313 level is the next support to watch before revisiting the bottom.
A strong daily close above last week’s high should allow buying to the $0.091 resistance. Higher resistance levels to consider for tests are $0.12 and $0.16.
Key Resistance Levels: $0.091, $0.12, $0.16
Key Support Levels: $0.0585, $0.042, $0.0313
- Spot Price: $0.065
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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