Bitgert (BRISE) Can Break New Support, Here's Proof!

Bittime - Bitgert (BRISE) is predicted to break through a new support level. The proof is, in the last 24 hours, the price of BRISE increased by 7.1%, with the current value at $0.00000008957 (around IDR 0.001389). 

Is this momentum strong enough to make BRISE price break through the new support level and continue the bullish trend? Let's look further.

Increase in Trading Volume and Positive Sentiment for BRISE

BRISE's price increase was supported by an increase in trading volume of 7.92%, reaching $1.17 million (Rp. 18.13 billion). Market sentiment is currently increasingly positive, especially after a tweet from market observer, Jeffrey, which highlighted the potential for a further rally. 

If the crypto market as a whole continues to experience an uptrend, BRISE has the potential to post higher price increases.

More interestingly, Bitgert managed to outperform Ethereum (ETH) in recent trading, strengthening optimistic sentiment among the community and traders. 

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This increase is supported by the price of BRISE which is now trading above the 9-day moving average at $0.0000000770 (Rp.00119) and the 21-day moving average at $0.0000000742 (Rp.0.0115). This indicates that these two levels can act as new, stable support for future price movements.

Will BRISE Price Continue the Bullish Trend?

Current technicals provide a signal that BRISE is still in a potential bullish trend. Indicator Relative Strength Index (RSI) is currently at the level of 54.65 — in the neutral to bullish zone. 

This level is higher than BRISE's average RSI of 40.04, indicating increased buying pressure. Because the RSI has not yet reached the overbought zone, room for further increases is still open before the price potentially experiences consolidation or a small correction.

For traders, the main support level to watch is $0.0000000770 (Rp.00119). If the price falls below this level, there is a possibility that the BRISE price will experience a retracement (temporary correction) to $0.0000000700 (Rp.00109). However, if the price continues to rise, the next resistance level is at $0.0000000884 (Rp.00137).

Potential Future Price Movements of BRISE

If BRISE is able to break the resistance of $0.0000000884 (Rp.00137), this coin has the opportunity to test the next resistance at $0.0000000950 (Rp.00147). A break above this level would confirm further bullish momentum and open the door for a move higher. 

However, traders should also be alert to the possibility of short-term consolidation if buying pressure decreases or the RSI approaches the overbought zone.

With current market performance, BRISE appears to have the momentum to continue its upward movement. However, traders need to continue monitoring key levels to anticipate the next price movement. 

A break above resistance or a fall below support will be key indicators of the trend's future direction.

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Conclusion

Bitgert (BRISE) is showing bullish signals by successfully surpassing the 9 and 21 day moving averages. However, the key to the success of this trend lies in whether the price can stay above the new support and break through the resistance at $0.0000000884 (Rp.00137). If successful, BRISE could continue its movement towards $0.0000000950 (Rp.00147) or higher.

Even though the potential for increases is still open, consolidation and small corrections could occur in the near future. Traders and investors should remain alert and monitor price movements at key support and resistance levels to make informed decisions. 

Will BRISE succeed in breaking through resistance and reach a new price, or will it correct again? Only time will tell.

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