BRETT Bucks
Market Trend, Jumps
10%
in Quest to Reclaim
All-Time High
Brett (BRETT) has bucked the general market trend in the past 24 hours. During
that period, the meme coin’s value has risen by 10%, positioning itself as one
of the top gainers among digital assets. It has outperformed leading assets
like Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum), whose values have plunged by 4% and 5%,
respectively.
With surging buying pressure, the BRETT token price may be on the path to
reclaiming its all-time high of $0.19, which was last recorded in June.
Brett Leads Market Gains
BeInCrypto’s assessment of the BRETT/USD one-day chart reveals a spike in its
on-balance volume (OBV). As of this writing, the meme coin’s OBV stands at
245.23 million, surging by over 130% in the past three days. BRETT OBV.
Source: TradingView
Sponsored
Sponsored
The OBV indicator measures buying and selling pressure in an asset by
combining its price movements with its trading volume. When it increases
during a price rally, it signals strong buying pressure. This means that the
price rally is supported by high volume, making it more likely to continue.
Additionally, the setup of BRETT’s moving average convergence/divergence
(MACD) indicator confirms the rising buying pressure in the market. As of this
writing, the meme coin’s MACD line (blue) rests above its signal line
(orange). BRETT MACD. Source: TradingView
This indicator tracks an asset’s trend direction, shifts, and potential price
reversal points. When the MACD line is above the signal line, it is bullish.
It suggests that the asset s short-term momentum is stronger than its
long-term momentum.
Pseudonymous Crypto trader Crash also shares this bullish sentiment. In a
November 14 X post , Crash noted that BRETT is poised to flip the Solana-based
meme coin Dogwifhat (WIF) despite not being listed on Coinbase yet. According
to the analyst, once BRETT gets listed, “it’s gonna shoot up and be trading at
2-6x Wif’s market cap.”
BRETT Price Prediction: One Of Two Things May Happen
BRETT is currently trading at $0.164, just shy of the $0.166 resistance
level—its final hurdle before reclaiming the all-time high of $0.19. Sustained
buying pressure could propel the meme coin beyond this critical threshold,
setting the stage for a potential new peak. BRETT Price Analysis. Source:
TradingView
However, a shift in market sentiment or an increase in profit-taking could
derail this bullish outlook. It can potentially drive the BRETT token price
down toward the $0.143 support level.
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT
BYDFi
Margex
Сoinex
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
your own research and consult with a professional before making any financial
decisions. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.