Is BRETT Now Ready For a 100% Surge? What Analysts Predict

BRETT cryptomoonpress

What To Know

  • BRETT nears critical resistance levels before eyeing a potential 100% breakout.
  • Analysts predict a surge if BRETT clears $0.071, $0.079, and $0.090.
  • Strong community support and bullish momentum fuel optimism around BRETT’s rally.

BRETT is a growing meme coin in the world of crypto, and it finds itself under the close watch of traders and analysts. In the past couple of weeks, the price action has gained strong momentum due to increased trading volumes and community interest. Some analysts are of the view that BRETT could be preparing for a major breakout now, and it may double in value in the very near term. Technical indicators suggest some degree of bullish pressure, but resistance acts as the key hurdle at the moment. Provided the buying sentiment is sustained, a spectacular upturn of 100% for BRETT cannot be ruled out.

What BRETT Might be Preparing

BRETT makes its market appearance at $0.056, with the cap making over $560 million, as per CoinMarketCap. The token has so far managed to stand strong during another round of market volatility and is thus possibly standing at a critical crossroad in its journey. According to one of the more-followed crypto analysts, World of Charts, BRETT is testing key resistance levels—a confluence between a horizontal barrier and a descending trendline that has tended to limit upside action. This technical zone is just so critical as price action tends to choose the side of the next big move when it happens around such areas.

The present consolidation just below resistance suggests traders are really eyeing the breakout rally for signs of strength. Should Brett be able to force its way above this multi-week resistance zone with conviction in volume, it has been anticipated that the token can rally by over 85 percent very soon.

A breakout-to-failure is still plausible, but this setup is definitely worth watching- especially for those traders who enjoy high risk and high reward. With an expanding community and increasing technical attention, BRETT can very well be gearing for its next major move — it is only missing a spark.

Is a 100% Breakout Possible in the Short-Term?

In the most recent effort, CryptoMoonPress checked the daily chart of BRETT, showing that while the meme coin has been gaining traction and a bullish sentiment, its journey to a full 100% rally still meets some serious obstacles. The chart shows a breakdown into price action within the zone of consolidation for BRETT.

For token breakout confirmation, the token must break out of a series of key resistance levels. First resistance lies at $0.071, which will most probably be the first test of buyer strength. Therefore, for the breach above to hold, it is imperative that BRETT will then test the next critical level at $0.079. Historically, it has served as a pivot point, triggering profit-taking or fresh entries. 

BRETT Price chartBRETT Price chart
Source: TradingView

Lastly, $0.090 stands at the final major resistance level before a possible explosive rally. A strong push through $0.090, accompanied by choking trading volume and momentum fading away, is probably going to cast this rally into the trenches of a consolidation only to rise from its ashes into another rally facing a 100% target toward $BRETT.

Hence, while the resistance levels are yet to be cleared with conviction, the potential upside remains purely speculative; traders are, therefore, advised to keenly monitor market sentiment and volume patterns.

Final Words

BRETT is in a decisive spot, its next step depending on a breakout from crucial resistance. Bullish momentum and community support add to the hype, while failure to breach the $0.071, $0.079, and $0.090 advantages could put brakes on further progress. Yet, an impulsive breakout will lead to the much-awaited 100% run, making BRETT a classic trade-off with enormous risk and reward.