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The Brett price has soared 19% in the last 24 hours to trade at $0.1366 as of 7 a.m. EST on a 60% jump in trading volume to $81 million.
Brett Price Could Continue The Uptrend
The BRETT/USD trading pair on the 4-hour timeframe exhibits clear bullish momentum. The price currently trades at $0.1369, marking a 1.67% increase. A strong support level is evident around $0.1200, which previously acted as a consolidation zone before this upward rally. The price surpassed the 50-day moving average (MA) at $0.1271, indicating a short-term bullish shift. However, the 200-day MA at $0.1613 remains a critical resistance level that could challenge further gains.
BRETTUSD Analysis Source: Dextools.io
Moreover, the MACD line has crossed above the signal line, a classic bullish crossover confirming buyers’ growing dominance in the market.
At the same time, the Relative Strength Index (RSI) currently reads 67.39, approaching the overbought territory of 70. While this reflects strong bullish sentiment, it also raises a cautionary flag, as an overbought RSI often signals that the market may be nearing a short-term top or could see a pullback for consolidation.
If the price manages to sustain above the $0.1271 level, there is a high probability of a continued rally toward the 200-day SMA at $0.1613. A successful breakout above this critical resistance could signal a much larger bullish move, with the next target potentially around $0.1800, a previous area of significance.
Conversely, a failure to hold above $0.1271 could lead to a retest of the $0.1200 support level. A breakdown below this zone would invalidate the current bullish bias, exposing the price to a possible decline toward $0.1000 or lower.
The BRETT/USD pair shows promising bullish momentum, underpinned by a break above the 50-day SMA and supported by strong technical indicators. However, keeping a close watch on the resistance at $0.1613 and the RSI’s closeness to the overbought zone. A strong move above or below these key levels will clarify the pair’s direction.
Meme Index Presale Soars Past $1.5 Million – Best Crypto To Buy Now?
Even as traders anticipate more bullish momentum for the Brett price, investors are piling into Meme Index (MEMEX), the world’s first decentralized meme coin index that offers a diversified approach to investing in meme coins.
The project has already raised over $1.5 million during its presale, sparking great excitement around the project.
Popular crypto analyst ClayBro, with over 135K followers, predicts that MEMEX could achieve 26X growth during the anticipated 2025 meme coin supercycle.
The Meme Index introduces an innovative investment model with four unique baskets of meme coins: Meme Titan, Meme Moonshot, Meme Midcap, and Meme Frenzy.
Each investment option offers a different risk-reward profile. For example, the Frenzy Index targets emerging and highly volatile meme coins, offering an exciting investment option for those seeking high-risk, high-reward opportunities.
This diversified structure allows investors to balance risk while taking full advantage of the dynamic meme coin market.
With meme coins gaining increasing traction, $MEMEX stands out as a utility-focused token within the Meme Index ecosystem, strategically positioned to capitalize on the upward momentum of the meme coin market.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 1,637%.
Currently, MEMEX is available at a discounted price of $0.0148639. With the price set to increase in less than two days, buy now to secure the best deal.
Buy MEMEX tokens using USDT, ETH, or a bank card.
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