bullish

Momentum

Resistance

Base

<p>Brett (BRETT/USDT) is in a moderate bullish trend with a current trading price of $0.09413 up by 1.38%. Technical indicators are showing potential bullish moves.</p> 
<h2 class="wp-block-heading" id="h-brett-current-price-action-and-trend"><strong>BRETT: Current Price Action and Trend</strong></h2> 
<p>The price is within the proximity of the 20-day Simple Moving Average SMA of $0.09367. Acting as a support level, this SMA suggests that buyers are probing this level as they try to drive the price up.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="599" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-1024x599.png" alt="" class="wp-image-818769" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-1024x599.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-300x176.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-768x450.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-150x88.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-696x407.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185-1068x625.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-185.png 1341w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   1-day BRETT trading chart|source TradingView
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<p>The upper Bollinger Band at $0.11212 is a crucial resistance level, and if Brett gets to this level it may experience selling pressure that may hinder further upward moves.</p> 
<p>Moreover, breaking above this resistance level could mean that there is <a href="https://www.thecoinrepublic.com/2024/10/29/brett-price-eyes-breakout-analysts-predict-surge-to-0-12/">strong bullish momentum</a>, while failure to pull through may lead to further consolidation around the SMA level.</p> 
<h2 class="wp-block-heading" id="h-rsi-shows-moderate-bullish-momentum"><strong>RSI Shows Moderate Bullish momentum</strong></h2> 
<p>Meanwhile, the RSI stands at 52.01, indicating a slight bullish momentum but not quite in the overbought territory. This level shows that there is potential for further gain.</p> 
<p>If the RSI rises further towards 60 it could signal a rise in Brett demand and a growing bullish trend. A cross over the 70 mark could push the price to the overbought region, which is likely to cause a price correction.</p> 
<h2 class="wp-block-heading" id="h-analyst-view-key-levels-to-watch-in-brett-chart"><strong>Analyst View: Key Levels to Watch in Brett Chart</strong></h2> 
<p>One analyst M_A_DTrading, identifies an area of importance in the price chart. According to the analyst chart, the price lies at a crucial point after a sharp upward, creating an off-set that could pull in more demand.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> is gaining traction on our timeline as a potential leading memecoin on Base, especially with ecosystem support from Coinbase, which could drive significant growth. The chart is in a pivotal zone after a strong upward bounce, leaving a notable imbalance. However, with price… <a href="https://t.co/YvP3vMeSzJ">pic.twitter.com/YvP3vMeSzJ</a></p>— 𝗠 𝗔 𝗗. 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 (@M_A_DTrading) <a href="https://twitter.com/M_A_DTrading/status/1854522875442565579?ref_src=twsrc%5Etfw">November 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The recent dip in Brett from higher levels indicates that bulls must hold the present higher low to avoid further pullbacks.</p> 
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 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="576" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-1024x576.png" alt="" class="wp-image-818774" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-1024x576.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-768x432.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-1536x864.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-150x84.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-696x392.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186-1068x601.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-186.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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   source:X
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<p>The resistance levels of $0.105 and $0.13 can be regarded as a breakout zone. A move above this level could lead to a strong bullish trend if supported by more interest from the Base network, which had been supporting Brett as a growing meme coin.</p> 
<p>A breakdown from this level may signal a bearish reversal threatening the memecoin to experience substantial retracement to the lower support levels</p> 
<h2 class="wp-block-heading" id="h-potential-for-long-term-gains"><strong>Potential for Long-Term Gains</strong></h2> 
<p>Another analyst views Brett as a promising opportunity amid market dips. With a pro-crypto government and support from the Base network, they are optimistic about the future.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">You simply can't lose when your holding <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a>. The market dips due to election fears, lets you buy more <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> at a cheaper price, and comes back stronger. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;">It's free money if you capitalize on this.<br><br> Understand <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> isn't going anywhere but up.<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BRETT</a> is the first to… <a href="https://t.co/XiFzjPidC0">pic.twitter.com/XiFzjPidC0</a></p>— Justin (@XParadose) <a href="https://twitter.com/XParadose/status/1854394931395121191?ref_src=twsrc%5Etfw">November 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Brett recently recovered 30% from a market dip, underscoring its resilience and potential for further gains. As the mascot of the Base chain, Brett has garnered attention and support, strengthening its standing in the market.</p> 
<p>The analyst argues that market dips are buying opportunities, especially as Brett’s affiliation with Base fosters long-term growth. This positive sentiment aligns with its recent price action, reflecting strong interest and potential for higher valuations as demand for Brett increases.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/08/brett-eyes-key-resistance-amid-growing-bullish-momentum/">BRETT Eyes Key Resistance Amid Growing Bullish Momentum</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

BRETT Eyes Key Resistance Amid Growing Bullish Momentum

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