BRETT drops 10% in 24 hours: Is a dip to $0.063 next?

By: bitcoin ethereum news|2025/05/16 15:15:05
0
Share
copy
BRETT has a bullish swing structure on the 1-day chart. The increased selling pressure over the past five days showed that the memecoin could retrace further. Brett [BRETT] saw a 10% drawdown in the previous 24 hours of trading. According to CoinMarketCap, its trading volume has fallen by 37%. The Bitcoin [BTC] rally has slowed down over the past five days, with the king of crypto forming a short-term range. A deeper dip for BTC could force alts to shed some of their gains. While BRETT showed strong demand in recent weeks, its chances of a drop toward $0.063 or lower were appreciable. BRETT bulls defend the dynamic support at $0.0675 Source: BRETT/USDT on TradingView On the 1-day timeframe, BRETT has a strongly bullish bias. It broke the $0.051 level and flipped it to support, and rallied 81% from this level in three days. Over the past five days, a 23% drawdown has occurred. However, the Bollinger Bands showed that the recent correction came after the price burst past the upper band. At press time, BRETT was back at the 20-day moving average. If this dynamic support could be defended, a move beyond the $0.082 would be more likely. The A/D indicator has trended higher over the past three weeks, reflecting increased buying pressure. This has driven the memecoin’s rally, after its consolidation phase from February to April. Source: BRETT/USDT on TradingView On the 4-hour chart, a set of Fibonacci retracement levels was plotted based on the rally from $0.045 to $0.092. The 50% retracement level at $0.0688 was being tested as support at press time. The Awesome Oscillator showed that the momentum had flipped bearishly. With its histogram bars printing red, it underlined the downward impulse of the past couple of days. The A/D indicator, which had been trending upward on the daily timeframe, showed a sizeable dip on the 4-hour chart. It was back at the previous week’s lows. This suggested that BRETT might see a deeper retracement. In that case, the $0.0633 and $0.056 levels were the next support levels to watch out for. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Source: https://ambcrypto.com/brett-drops-10-in-24-hours-is-a-dip-to-0-063-next/

You may also like

The current Lobster Skill is just yesterday's Fruit Ninja, only meant to get you acquainted.

How Will Lobster Make Its Way into Our Lives?

Key Market Intelligence on March 10th, how much did you miss out on?

1. On-chain Funds: $51.2M USD inflow to Hyperliquid today; $51.2M USD outflow from Arbitrum 2. Biggest Gainers and Losers: $DRV, $OM 3. Top News: Middle East Conflict Sparks Stagflation Trading, Global Stock Markets Shed About $6 Trillion USD

IOSG: From Interest-Bearing Stablecoins to Crypto Credit Products

Bear Market Favors Stablecoin Yield Farming, Rise of Real World Asset (RWA) Lending with Interest-Bearing Stablecoins.

NVIDIA CEO Jensen Huang's Latest Article: The "Five Layers of AI"

NVIDIA breaks down AI into a five-level hierarchy of Energy, Silicon, Infrastructure, Models, and Applications, and points out that every successful AI application will pull through the entire stack from computation to power in the industry chain.

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

Traditional exchanges are beginning to embrace stock tokenization, while BTC treasury companies continue to increase their holdings through capital market instruments. ETH treasury companies, beyond Bitcoin, are also starting to validate the "holding + earning interest" balance sheet logic.

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more

Exchanging disclosure for trust, transparency is no longer a cost of the project, but a core asset for long-termists.

Popular coins

Latest Crypto News

Read more