BRETT price eyes breakout as price surges 15% amid market-wide rally
Main Idea
BRETT price has surged 15%, testing key resistance at the upper trendline of a descending channel, with potential for further gains if it breaks through.
Key Points
1. BRETT price has risen over 15% in 24 hours, trading at $0.0512 and testing the upper trendline resistance of a descending channel.
2. A breakout above $0.051–$0.052 could lead to a measured move toward $0.085, aligning with the channel's height and a major swing high.
3. The technical setup suggests a bullish Cup and Handle formation, with a potential larger upside to ~$0.148 if confirmed.
4. The MACD line is above the signal line with a green histogram, and the RSI is at 57, indicating bullish momentum.
5. BRETT's surge coincides with a broader crypto market rally, including Bitcoin hitting a new all-time high near $112,000 and other memecoins posting double-digit gains.
Description
BRETT price has rallied 15%, now testing key resistance at the upper trendline of a descending channel, eyeing a potential move towards $0.085. Brett ( BRETT ) price has surged over 15% in the past 24 hours, currently trading at $0.0512 as it tests the upper trendline resistance of the descending channel it has been trading within since early May. The price has also broken above the 20-day EMA for the first time in weeks, which is a signal of building bullish momentum. This breakout attempt, com...
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