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The Brett price surged 15% in the last 24 hours to trade at $0.06542 as of 11:03 a.m. EST on trading volume that rose 1% to $71 million.
The surge has propelled BRETT to become the top gainer among major cryptos on CoinMarketCap.
Brett Price Aims For A Sustained Rally, Crosses Key Support Level
The BRETT price is currently displaying a strong bullish reversal on the 3-day chart.
Following a prolonged downtrend, the Brett price formed a rounded bottom pattern which is a bullish reversal structure.
The recovery from the lows around $0.0185 has been sharp, with the price of BRETT now testing the 0.786 Fibonacci retracement level around $0.0666.
Meanwhile, BRETT action shows a significant upward momentum, gaining over 20% in the latest 3-day candle, which further emphasizes the strength of the bullish breakout from the rounding bottom formation.
The Relative Strength Index (RSI) is currently at 61.23, indicating that the market sentiment is bullish but not yet overbought. This suggests that there may still be room for additional upside before any major correction takes place.
Moreover, the MACD (Moving Average Convergence Divergence) indicator is also giving a bullish signal. The MACD line has crossed above the signal line and both are trending upwards, while the histogram bars are expanding in the positive territory.
BRETT/USDT Chart Analysis (Tradingview)
BRETT Price Prediction – Trend Signals A 56% Surge
According to the BRETT/USDT chart analysis, the bullish pattern formation, strong RSI positioning, a positive MACD crossover, the outlook for the BRETT price remains optimistic in the short to medium term.
If the price of Brett can successfully close above the $0.0666 resistance level (0.786 Fibonacci), the next significant targets are the $0.1036 (0.618 Fibonacci) and potentially $0.1300 (0.5 Fibonacci) zones. This would represent an approximate 56% move from the breakout level, aligning with the projected target indicated on the chart.
However, if the breakout fails and BRETT falls back below the current level, a retest of the lower support near $0.0540–$0.0520 could occur before any further attempts to move higher.
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