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BRETT price jumps 17%, eyes $0.15 as next target
By: bitcoin ethereum news|2025/05/09 00:00:05
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BRETT price is up 17% in the past 24 hours, tracking to retest the local peak of the recent breakout rally, with potential to climb toward $0.15. Brett (BRETT) price has been in a steep downtrend since reaching its all-time high of $0.235 on Dec. 1 last year, but that trend began to shift around Mar. 11, when the price entered consolidation between $0.026 – $0.036, with a few outliers. On April 22, the memecoin‘s price broke out of this range with a strong move accompanied by a spike in volume, closing above $0.044. The breakout rally extended until April 26, reaching a local peak of $0.07. That breakout candle pushed the price above both the 50-day SMA and the 20-day EMA and marked the bullish crossover of the 20-day EMA above 50-day SMA. A pullback followed the rally, but with today’s swing high, the price appears to be tracking toward a retest of the $0.07 peak and potentially print a higher high. If $0.07 retest is cleared, the next major resistance lies around $0.15 — a level where the price was rejected in early January and which also served as a key horizontal support area back in November prior to the December rally. The key catalyst behind today’s 17% surge in BRETT price and what could drive it toward $0.15 and beyond is the recent launch BRETT perps on Coinbase International Exchange and Coinbase Advanced. Our CAKE-PERP, BRETT-PERP, and AI16Z-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. $CAKE $BRETT $AI16Z pic.twitter.com/DI4kXIx74Z — Coinbase International Exchange ️ (@CoinbaseIntExch) March 6, 2025 The bullish outlook would be invalidated if BRETT price breaks below the local support at around $.0.05. Source: https://crypto.news/brett-price-jumps-17-eyes-0-15-as-next-target/
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