- An upsurge of 3.79% has been observed in the Brett crypto price during the intraday trading session.
- The technical indicators summary reflects a negative signal, while oscillators show a positive signal about the price.
- 24-hour trading volume has reached 17.95 million, with an increase of 16.16%.
Brett (BRETT) is one of the most famous icons and mascots of the Base chain and is known as Pepe’s best friend. The Base chain ecosystem allows developers to build decentralized applications (DApps) and projects on this expanding platform. The ecosystem enables platforms to leverage the resources and expertise of other projects as it provides a strong foundation for Brett’s success. The Base chain aims to grow further by expanding and offering these projects to the users.
Brett Coin has Nicely Secured Six-month Returns Over 200%
The cryptocurrency started a bullish journey from the $0.0168 support level on March 9, 2024. The price showed over 250% bullish move to the $0.0608 resistance level. Conversely, crypto cruisers and traders became intrigued by the positive change that occurred on March 15, 2024.
The situation also reflected a positive change in market sentiments regarding technicals. The traders gathered on the $0.0227 demand zone on March 19, 2024, and surged the Brett crypto price above 280%. The price reached the $0.0893 resistance level while breaking above the $0.0608 resistance, currently serving as a retracement level.
Supply and Valuation of the Brett (BRETT) Token
Brett has a 10 billion maximum supply of tokens, of which over 8.55 billion BRETTs are circulating in the market. The total diluted valuation of the tokens is estimated at around $608 million, with a current market capitalization of $518 million.
The all-time high price is $0.0857, and the current price is 28.15% below. The volume-to-market capitalization ratio (VMR) reflects stable liquidity above 3.34%. Additionally, the BRETT tokens have 75,587 token holders.
Technical Analysis of the Brett (BRETT) Price
The crypto price slipped between the key exponential moving averages, reflecting uncertainty in the short-term trend. On the broader outlook, the price is showing a nice bullish trend. The 200-day EMA can act as a dynamic support for the price.
BRETT coin price has given a breakout of the $0.0608 resistance level. The price surged to the $0.0893 resistance afterward. The price is consolidating between the $0.0893 and $0.0555 levels. If the Brett price gives a sharp closing above $0.0838, the price may continue the bullish surge. However, a shortfall on the $0.0476 POI can happen if the price slips below $0.0555.
Moreover, the relative strength index (RSI) shows an internal bearish momentum divergence, reflecting increasing selling pressure. The RSI is moving at 39.61 below the signal line.
Summary
Brett crypto price has reflected a bullish trend since March 2024. The cryptocurrency returned over 200% positive returns during the six-month session. BRETT price is currently consolidating between the $0.0893 and $0.0555 levels. The price may continue the bullish surge If the price gives a sharp closing above $0.0838. However, a shortfall on the $0.0476 POI can happen below the $0.0555 demand level.
Technical Levels
- Resistance Levels: $0.0893
- Support Levels: $0.0555 and $0.0476
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.