Brett (BRETT) Price Soared, Can It Continue to Fly High?

Bittime - Coin memes BRETT (Based), which was inspired by Matt Furie's comic Boys' Club, is here and immediately competes fiercely with other crypto coins. Imagine, in a short time, namely just one month, the price of BRETT has shot up 327%!

BRETT, which has only been in the crypto world for three months, has succeeded in stealing attention. The proof is that its market capitalization has reached IDR 25.39 trillion (around $1.56 billion) in that short time.

Launched in February 2024 on the Base network, BRETT immediately became one of the top coins thanks to its high market capitalization.

Even though the price has experienced a slight decline, this meme coin is still in a bullish trend, meaning it is on the rise. How high do you think the price of BRETT can soar? Let's discuss it here.

BRETT Price Performance

BRETT was born with an initial price of $0.038 (around Rp. 608) and has managed to grow almost 400% since then. It did take a few days for BRETT to gain momentum.

Finally, a price spike occurred last April, with the highest point at $0.083 (around Rp. 1,328). However, price corrections are inevitable.

Even though it had fallen, the BRETT price recovered again on April 17 at around $0.042 (around Rp. 672). This positive trend continued until it touched a record high of $0.1878 (around Rp. 3,000). This fantastic increase was driven by the high buying interest of investors.

Currently, the price of BRETT is at $0.1581 (around Rp. 2,500) after experiencing a slight decline. However, signs of recovery are starting to appear. Trading volume jumped by 38% to $201.6 million (around IDR 3,226 billion). This increased network activity could trigger price increases again.

Will BRETT Price Plunge or Fly?

BRETT holders are certainly wondering, will prices continue to fall or will they shoot up again? If we analyze the technical indicators, there is a chance for price recovery because the market is currently in a strong buy zone.

All moving average levels show buy zones, which indicate potential price increases in the future.

Another indicator that strengthens buying signals is the Moving Average Convergence Divergence (MACD). This indicator predicts price recovery. However, it should be noted that the Relative Strength Index (RSI) is currently at 75.4.

This indicates the asset is overbought (bought too much) and overvalued (too high). So, this could lead to a trend reversal. This is what caused the current decline in BRETT prices.

Several other indicators such as Momentum, Stochastic, and Commodity Channel Index (CCI) also provide sell zone signals. This means that the BRETT price has the potential to fall further in the next few hours.

Even though analysts predict that the price of BRETT could jump to $0.2427 (around Rp. 3,800), the progress of the price recovery after this decline remains to be seen. Let's just wait and see how BRETT can fly higher after this correction.

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