Quick Take – BRETT’s Bullish Breakout at a Glance
- BRETT/USD surges to $0.0763, breaking a multi-month downtrend.
- MACD confirms bullish momentum with strong positive divergence.
- Price up over 225% since February, bouncing from $0.0234.
- Daily trading volume up 75%, signaling strong buyer interest.
- RSI on the daily chart hits 70.27, hinting at a possible short-term pullback.
- Key support lies at $0.06000, with resistance at $0.0810.
Price Action Shows Bullish Strength
BRETT/USD is showing impressive momentum as it breaks above critical resistance levels and exits a multi-month downtrend. Currently trading at $0.0763, BRETT has pushed above both the 50-day and 200-day EMAs, suggesting a trend reversal and strong buying interest.
The uptrend began in early April, and volume has surged by 75% in the last 24 hours, according to CMC data, reinforcing the credibility of this move.
MACD & RSI Support the Bullish Narrative
The MACD line (0.0048) has not only crossed above the signal line (0.0021), but also shows growing separation, accompanied by expanding histogram bars in the positive zone. This confirms a strengthening bullish trend.
Meanwhile, the RSI stands at 70.27 on the daily chart and 76.54 on the 4-hour chart, indicating overbought conditions in the short term. A brief pullback could be expected, but the broader trend remains upward.
Support & Resistance Levels to Watch
- Immediate support: $0.0600
- Secondary support: $0.0596
- Key resistance: $0.0810
If BRETT holds above the Supertrend support, there’s significant potential for a further rally — possibly towards the $0.20 mark, a psychological and technical target on many traders’ radars.
Final Thoughts
BRETT’s reversal from its February lows and strong technical signals suggest this breakout is more than just a temporary spike. As long as volume and trend indicators remain bullish, BRETT may have enough momentum to challenge higher levels in the near future.
Investor sentiment and broader market conditions will play a pivotal role — but for now, BRETT looks poised for a bullish continuation.