BRETT price surged 27% to $0.121 in the past 24 hours and fell 36% with a trading volume of $86 million. While many memecoins were falling, BRETT hit a new all-time high of $0.1278 on June 2. The coin then pulled back slightly but quickly rose to $0.12.
This is a strong resistance that BRETT is still struggling to break through, having gained 70% in the past seven days. Since being listed on BingX, Brett’s price has risen by more than 500%. BRETT has gained 70.0% in the past seven days.
BRETT also recently landed a new spot listing on Deepcoin, a top exchange for derivatives trading.
The question now on the minds of BRETT investors is whether the token can break through resistance and further set new all-time highs, or if a correction is in the cards.
Brett Price Prediction
The BRETT price has surged significantly over the past week, but what matters most to investors and traders is where it will go from here.
The coin has a lot of long-term potential, but certain technical indicators suggest that it is likely to see a significant price pullback soon — possibly within a few hours.
For example, the coin’s Bollinger Bands have been extremely wide apart from each other over the past few days. This widening is usually a very bullish sign, and in fact, the price has risen accordingly, even after a brief pullback.
However, the Bollinger Bands have suddenly narrowed in the past few hours, which suggests that the price is likely to face a strong rejection.
Another signal indicating the same is the coin’s Relative Strength Index (RSI) value, which has been fluctuating between the neutral and overbought zones for the past 25 hours. However, now, it has rapidly dropped into the neutral zone, which suggests that traders have started booking profits.
In other words, those who were waiting for the right time to sell have decided that now is the time, and although the RSI value is falling, the price is slightly behind schedule but will most likely follow soon.
As of now, the RSI value is 48.75 and while this is still considered neutral territory, its drop below 50 could mean that the coin is about to see its RSI spiral downward towards oversold territory.
In terms of BRETT price, this means that it will most likely get rejected from the $0.12 resistance level and start a sharp decline. The $0.10 support level may stop it, but the coin could fall back to $0.07, where it was two days ago.
A promising alternative to Brett
With BRETT prices likely to see a correction soon, this could be a great time to move into other memecoins like PlayDoge (PLAY), which launched its presale a week ago.
The project offers a mobile-based game that transforms the iconic Doge meme into a virtual pet similar to a digital pet.
It combines 90s nostalgia with the highly successful sectors of gaming, memecoins, and P2E that are expected to grow over the next decade, making PlayDoge a project with huge potential.
Cryptocurrency experts like YouTuber Jacob Crypto Bury have recognized the potential and speculated on the possibilities of the coin, while others have rushed to invest in the project.
PlayDoge raised over $1.76 million in its first week, making it one of the fastest-growing presales this year.
The coin is currently priced at $0.00502. The price will go up in less than two days, so buy it as soon as possible to get the best deal.
Please visit PLAY’s official website to purchase tokens using BNB, USDT, ETH, or credit/debit card.
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