BRETT had fallen significantly below the 20-day and 50-day EMA b
The BRETT meme coin, built on the 'BASE' blockchain, experienced a remarkable 550% surge in early May 2024, peaking at $0.19800 by June 9th, 2024. However, this high couldn't surpass the supply block, leading to a downward trend.
By early August, BRETT had fallen significantly below the 20-day and 50-day EMA bands. On August 5th, despite a significant buying attempt during a liquidity grab formation, it failed to break past $0.10694 and declined again.
As of September, the last month of Q3, BRETT has shown signs of recovery, trading above the 20-day EMA. However, the 50-day EMA band and the upper border of the wedge are currently hindering further ascent. If these hurdles are cleared, BRETT could head to retest the $0.19800 level.
At the time of writing, BRETT is trading around $0.08188, with a 4.0% intraday growth. If it overcomes the current resistance, the next targets are $0.10694 and $0.15000.
Conversely, if bearish pressure increases, the nearest support level is $0.05653, with a major demand area at $0.03025 if the decline continues.
By early August, BRETT had fallen significantly below the 20-day and 50-day EMA bands. On August 5th, despite a significant buying attempt during a liquidity grab formation, it failed to break past $0.10694 and declined again.
As of September, the last month of Q3, BRETT has shown signs of recovery, trading above the 20-day EMA. However, the 50-day EMA band and the upper border of the wedge are currently hindering further ascent. If these hurdles are cleared, BRETT could head to retest the $0.19800 level.
At the time of writing, BRETT is trading around $0.08188, with a 4.0% intraday growth. If it overcomes the current resistance, the next targets are $0.10694 and $0.15000.
Conversely, if bearish pressure increases, the nearest support level is $0.05653, with a major demand area at $0.03025 if the decline continues.
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