BRETT price is up 17% in the past 24 hours, tracking to retest the local peak of the recent breakout rally, with potential to climb toward $0.15.
Brett (BRETT) price has been in a steep downtrend since reaching its all-time high of $0.235 on Dec. 1 last year, but that trend began to shift around Mar. 11, when the price entered consolidation between $0.026 – $0.036, with a few outliers.
On April 22, the memecoin‘s price broke out of this range with a strong move accompanied by a spike in volume, closing above $0.044. The breakout rally extended until April 26, reaching a local peak of $0.07. That breakout candle pushed the price above both the 50-day SMA and the 20-day EMA and marked the bullish crossover of the 20-day EMA above 50-day SMA.
A pullback followed the rally, but with today’s swing high, the price appears to be tracking toward a retest of the $0.07 peak and potentially print a higher high.
If $0.07 retest is cleared, the next major resistance lies around $0.15 — a level where the price was rejected in early January and which also served as a key horizontal support area back in November prior to the December rally.
The key catalyst behind today’s 17% surge in BRETT price and what could drive it toward $0.15 and beyond is the recent launch BRETT perps on Coinbase International Exchange and Coinbase Advanced.
https://twitter.com/CoinbaseIntExch/status/1897581814102786087
The bullish outlook would be invalidated if BRETT price breaks below the local support at around $.0.05.
