Driven by rising bullish sentiment, Brett’s price has surged by about 32% in the past 24 hours. This has allowed it to surpass 11 cryptocurrencies and rank 62nd among the top 100 cryptocurrencies by market cap. With Brett coin price poised to retest its previous highs, is this the right time to invest in this viral memecoin? In this article, we cover the short-lived possibilities of Brett (BRETT) memecoin.
Brett Memecoin Retests Its Significant Resistance Trendline!
The price of Brett coin has increased by 30.38% in the past 24 hours with a trading volume of $229.92 million. Moreover, it has surged by 55.72% in the past week and about 270% this year. With a market cap of $1.041 billion, it is one of the top memecoins.
The EMA 50/200 daily lines have recorded a golden crossover in the BRETT price chart. This suggests that this memecoin is likely to continue to appreciate in value in the coming period.
Additionally, the MACD indicator shows a continued rise in the green histogram, with its average showing similar price action. This highlights an increase in bullish momentum for the 62nd largest memecoin in the cryptocurrency space.
Will Brett Price hit $0.20 this November?
If the bulls push Brett memecoin above the resistance at $0.1465, the price of Brett coin will rise to a maximum price of $0.170. Sustaining the price above this level could set the stage for a move towards its target price of $0.20.
Conversely, if the bears regain momentum, this memecoin might retest its support at $0.122. Moreover, if the bears dominate the cryptocurrency space, it could cause it to drop to its lower support at $0.0975 this month.
