Technical analysis of BRETT on the 12-hour chart suggests that the token's price has found robust support, pointing to potential gains.
The price of Brett (BRETT) has dropped 8% in the last 24 hours to trade at $0.1413 as of 7:05 a.m. EST on a 17% drop in trading volume to $71 million.
The price of the meme coin has been in a downtrend recently, battling to break out of a falling wedge pattern. However, buyers are attempting to push the price up as the resistance at the channel’s upper trendline remains strong.
If the price closes a 4-hour candle above the channel, it could set a strong technical base for more gains. This might encourage traders to go long on BRETT, potentially pushing its value past the current all-time high.
A technical analysis of BRETT on the 12-hour chart suggests that the token’s price has found robust support, pointing to potential gains.
The Relative Strength Index (RSI) for BRETT has rebounded from the oversold level of 30 to the midpoint level of 50. If momentum continues to build, the RSI could rise into the overbought zone around 70.
In the short term, the Moving Average Convergence Divergence (MACD) indicator indicates a positive trend for BRETT. The MACD line is above the Signal line and slightly above the neutral level, signaling bullish momentum.
Bullish momentum for BRETT on the 12-hour timeframe suggests the price could reach the $0.1417 mark, confirming a long position. Upside targets are set between $0.1933 and $0.2362.
However, the position may become invalid if the price falls $0.1417. The bullish outlook might weaken, potentially pushing the meme coin to the $0.1369 support level. A further decline to $0.1145 could follow.
With uncertainty surrounding the outlook for BRETT, traders might take a look at Base Dawgz (DAWGZ), a new Base meme token that is about to blast past $2 million in funds raised.
Base Dawgz (DAWGZ) features meme characters inspired by DOGE clad in base-jumping attire and seen soaring through the skies after jumping from a plane. It embodies the adventurous spirit of its investors.
The project plans to launch a staking feature soon. Presale buyers who stake their tokens before launch will earn a retroactive bonus later. The team has set aside 20% of the total token supply for staking.
ClayBro, a popular YouTuber and crypto analyst, believes that DAWGZ has the potential to create millionaires.
You can join the presale on the official website to buy tokens for $0.00527 each. But remember that the price will increase in a little more than three days.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
News source：https://www.kdj.com/cryptocurrencies-news/articles/brettusd-analysis-source-dextoolsio.html
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