BRETT Price Falls 20% from Peak What’s the Next Move?

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Brett, a meme coin, is currently trading at $0.1518 as of 1:30 p.m. ET, experiencing a 2% decrease in the past 24 hours but a notable 27% increase over the past week.

Over a longer period, Brett has shown impressive performance, gaining 337% in the last 30 days. Despite the recent dip, the outlook for Brett remains optimistic, as it appears poised to potentially restart a rally, though it may face a minor pullback before achieving new all-time highs.

Analyzing Brett’s recent price movements:
After reaching an all-time high of $0.1957 on June 9, Brett’s price fell sharply by over 20% to a low of $0.144 on June 11. This downturn reflects a phase of buyer exhaustion and profit-taking, pushing the price 19.6% below its peak, with the momentum favoring further declines.

The Relative Strength Index (RSI) has declined from 88 to 67 recently, indicating a shift towards bearish market sentiment.

BRETT Coin 24-Hour Price Chart

Key support levels to monitor include the $0.15 mark and the 38.2% Fibonacci retracement level at $0.1321. Further support may emerge at the 50% retracement level of $0.1125 and a significant support point at $0.10, coinciding with the 61.8% Fibonacci level.

On the upside, Brett’s price has fluctuated between $0.15 and $0.19 for over a week. The coin struggles to consistently stay above $0.15, but there’s potential for it to approach and possibly exceed the $0.19 mark, its recent peak.

If it breaks past these levels, Brett could clear sell-side congestion at its all-time highs and challenge the $0.20 psychological threshold, entering a new phase of price discovery and potentially climbing higher.

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