The post Brett Price Jumps 56% in 7 Days, Eyes To Soar 40% to $0.2? appeared first on Coinpedia Fintech News
Story Highlights
The Brett memecoin soared 60% in seven days.
Technical indicators hint at a potential retest to its $0.20 mark.
Brett’s price is currently trading at a discount of 24% from its ATH.
Amid increased bullish sentiment, the Brett price has surged ~32% in the past 24 hours. This has resulted in it surpassing 11 cryptocurrencies and claiming the 62nd position in the list of top 100 cryptocurrencies by market capitalization.
With Brett coin price preparing to retest its previous ATH, is this the right time to invest in this viral memecoin? In this article, we have covered the short-lived possibilities of the Brett (BRETT) memecoin.
Brett Memecoin Retests Its Important Resistance Trendline!
The Brett coin price has jumped 30.38% in the past 24 hours with a trading volume of $229.92 million. Moreover, it has soared 55.72% over the past week and ~270% this year. With a market cap of $1.041 billion, it is one of the top memecoins.
TradingView: BRETT/USDT
The EMA 50/200-day has recorded a Golden Cross in the BRETT price chart. This indicates that this memecoin may continue gaining value in the upcoming time.
Further, the MACD indicator displays a constant rise in the green histogram with its averages showing a similar price action. This highlights an increase in the bullish action for the 62nd largest memecoin in the crypto space.
Will Brett Price Hit $0.20 This November?
If the bulls push the Brett memecoin above its resistance level of $0.1465, the Brett coin price will head toward its upper high of $0.170. Maintaining the price above that level could set the stage for it to head toward its target price of $0.20.
On the contrary, if the bears regain momentum, this memecoin may retest its support level of $0.122. Furthermore, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.0975 this month.
To understand the long-term possibilities of this crypto project, Read CoinPedia’s Brett Price Prediction!
FAQs
The Brett price eyes to achieve a new high by surpassing its target price of $0.20.
The support level around the $0.07 level is considered to be a crucial support trendline for this memecoin.
Evaluating the present market sentiments, the Brett memecoin is projected to continue gaining momentum over the upcoming weekend.