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Brett Eyes 26% Breakout: Key Level Signals Strong Recovery

$BRETT shows recovery signs after 49% drop. Rising investor confidence fuels potential 26% price surge

2 min 30 sec September 20, 2024

Highlights:

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Brett's price could surge 26% if key support levels hold.

•

Transaction volume increased 106%, signaling growing investor confidence.

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A bullish "cup and handle" pattern indicates potential for upward momentum.

Brett Eyes 26% Breakout: Key Level Signals Strong Recovery

Following the Federal Reserve’s recent interest rate cut, crypto buyers are pushing the price of Brett (BRETT) higher. After months of correction, this meme coin now seems ready to gain momentum. 

 

Investors are eyeing a potential 26% surge, but key price levels must hold. Here’s a look at what’s driving Brett’s price action and what investors need to watch.

 

Transaction Volume Surge Fuels Confidence

 

$BRETT has dropped over 49% since mid-June. However, the coin is now showing signs of recovery. In the past 24 hours, transaction volume increased by 106% to $26.7 million. 

 

This sudden rise points to growing demand and optimism among investors. Brett’s volume-to-market cap ratio is at 3%, indicating low volatility.

 

Additionally, Brett’s weighted sentiment curve has moved into positive territory. This metric shows that investors’ confidence is rising after a long period of selling pressure. 

 

Can Brett Surge 26% from Here?

 

Source: Trading View

 

Brett is forming a bullish “cup and handle” pattern, with a neckline at $0.834. At the time of writing, the coin was trading near $0.083, marking an 8.66% intraday increase. 

 

Brett could climb straight to the $0.10 mark, a 26% jump, if it breaks above the $0.834 neckline. The $0.07 level is crucial for maintaining this bullish trend. 

 

However, price drops below that point could invalidate any chance of a breakout. So far, Brett’s bulls are in control, but they must defend this support to sustain momentum.

 

For now, investors should keep an eye on the $0.07 and $0.834 levels. Brett’s ability to hold these ranges will likely determine whether it reaches that 26% target or falls back into consolidation.

 

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