Brett (BRTT) Price Prediction: BRTT Surges 50% Targeting June's High of $0.197

After recent Defi tokens surged, most meme coins are now on the rise this week as volume flows into the industry. Brett's price appears strong, leading altcoins rally following an impressive surge since yesterday.

.197" >

Meme coins are experiencing a surge this week as a result of the recent increase in Defi tokens, which is bringing more volume into the cryptocurrency sector. After a remarkable surge since yesterday, Brett's price is displaying strength and spearheading the rally in altcoins.

Brett's price encountered difficulties throughout the previous week, posting several losses as it continued bearish actions an inch above $0.1 in the preceding week.

Surprisingly, it managed to reject the $0.074 level yesterday and remain stable. Utilizing this level as support, Brett initiated a surge a few hours ago and exploded massively to a daily high of $0.117. This brought a spike to the upper boundary of its channel, but a rejection occurred, and it is now trading at $0.1.

However, the price on the daily chart appears to be strong. A surge above this falling channel could activate a short-term buy to $0.197, which was June's high, before completing a shift in the market structure.

Considering the latest sharp rejection, which could result in a daily ill-gain, it may resume selling if supply continues to outpace demand. If that occurs, its four-month low would be the next target for the bears.

Due to an impressive volume inflow in the past week, Brett's market cap is currently valued at $1.1 billion. Following the lower low and lower high trend since it topped out in June, the sentiment remains bearish on the daily chart.

If Brett continues to respect this falling channel, we can anticipate a new lower-low movement to the $0.074 and $0.0585 support levels. Breaking lower could plunge the price to $0.04, close the bottom.

$0.12 remains a key resistance level to watch for a channel breakup. If that comes into play, the $0.154 and $0.17 resistance levels would be the next target for a buy.

Key Resistance Levels: $0.12, $0.154, $0.17

Key Support Levels: $0.074, $0.0585, $0.04

The above is the detailed content of Brett (BRTT) Price Prediction: BRTT Surges 50% Targeting June's High of $0.197. For more information, please follow other related articles on the PHP Chinese website!