Brett Price Prediction: BRETT Soars 32% On Upbit Listing News As Experts Say This New ICO Might Be The Next Base Meme Coin To Explode

The
Brett
price
has
soared
32%
in
the
last
24
hours

to
trade
at
$0.09272
as
of
6:50
a.m.
EST
on
a
269%
surge
in
trading
volume
to
$112
million.

This
surge
in
price
comes
as
the
Upbit
cryptocurrency
exchange
announces
the
addition
of
BRETT
to
its
trading
platform
today.

????

@BasedBrett
is
now
Listed
on

@Official_Upbit

$BRETT

#Upbit

pic.twitter.com/ALaRlmjSAv

—
BlackStars
|
Crypto
News
(@BlackstarsMKTCR)

August
20,
2024

Upbit
has
also
noted
that
withdrawal
fees
for
these
assets
will
be
waived
for
the
first
24
hours
following
the
commencement
of
deposits
and
withdrawals
to
encourage
user
engagement.

Brett
Price Analysis:
Bullish
Breakout
and
Potential
Upward
Trend

The
BRETT/USD
pair
has
broken
out
from
a
falling
wedge
pattern,
a
classic
bullish
reversal
formation.
This
breakout,
occurring
near
the
$0.09012
level,
has
propelled
the
price
above
the
50-day
moving
average,
which
is
often
seen
as
a
strong
bullish
signal.
This
crossover
indicates
a
potential
shift
from
a
bearish
to
a
bullish
trend
in
the
short
term.

BRETTUSD
Analysis
Source:
Dextools.io

The
breakout
is
particularly
compelling
as
it
was
accompanied
by
the
price
above
the
50-day
moving
average,
depicted
by
the
blue
line
on
the
chart.

This
crossover
is
a
solid
bullish
indicator,
often
signalling
a
shift
from
a
bearish
to
a
bullish
trend
in
the
short
term.
The
price
now
appears
to
target
the
200-day
moving
average,
represented
by
the
green
line,
which
is
around
$0.10887.
This
level
is
likely
to
serve
as
a
critical
resistance
point
shortly.

Adding
to
the
bullish
sentiment
is
the
RSI,
which
currently
reads
at
71.36.
This
level
is
just
above
the
overbought
threshold
of
70,
suggesting
that
the
asset
has
experienced
strong
buying
pressure
recently.

While
this
indicates
robust
momentum,
it
also
hints
at
the
possibility
of
a
short-term
pullback
or
consolidation,
as
assets
in
an
overbought
territory
often
pause
before
continuing
their
upward
trajectory.

The
MACD
further
supports
this
bullish
outlook.
The
histogram
is
in
positive
territory,
and
the
MACD
line
has
crossed
above
the
signal
line,
a
classic
sign
of
increasing
bullish
momentum.

This
indicator,
coupled
with
the
price
action
and
moving
averages,
paints
a
picture
of
a
market
poised
for
further
gains
for
the
Brett
price.

Brett
Price
Poised
For
More
Uptrend