Brett (BRETT) Crypto Coin Is Forming a Bullish Divergence at the Bottom: Analyst

The Brett crypto coin is forming a bullish divergence at the bottom. The price is expected to retest the resistance level of $0.10.

Brett (BRETT) price has been on a downtrend, facing resistance from a descending trendline, which has triggered a lower price action. Multiple attempts by BRETT buyers and bulls to overcome the trendline hurdle have been unsuccessful.

Sellers, on the other hand, have maintained their dominance since June. Can BRETT Price Gain 30%?

Brett price has undergone a 62% correction and is now approaching the bearish trendline. Buyers have managed to defend the last swing low, indicating strong involvement.

According to the technical chart, buyers are generating buying momentum at each swing low. The price has risen 13% from the recent low and is now approaching the trendline.

The Relative Strength Index (RSI) has formed a golden crossover with the RSI moving average. RSI has generated a bullish divergence, which could be a key factor in a bullish outlook. MACD has shown a bullish divergence and the histograms have turned green.

Corne Marchand (@MarchandCrone) highlighted that the Brett crypto coin is forming a bullish divergence at the bottom. The price is expected to retest the resistance level of $0.10.

"

$BRETT is making a bullish divergence on the daily right at the support. It's possible that we would see another test of the $0.10 resistance.

I would only take the long when we break the resistance and confirm support.

#altcoins #BRETT."

Buying momentum can be generated once the Brett price surpasses that resistance level. After the breakout from the resistance, buyers can await confirmation from the support level.

Can BRETT Price Recover Previous Losses After the Breakout?

Brett crypto was trading at $0.0741 at press time, showing a 2.83% rise in the past 24 hours. The trading volume was $735.35 Million, and the 24-hour trading volume was $11.59 Million.

Since August, the Brett price has managed to keep the price above the $0.0700 hurdle. The involvement of buyers might help to trigger a breakout from the trendline.

Buyers might be interested if the digital asset price surpasses the descending trendline. Investors may show interest if the BRETT price breaks the $0.150 mark. If this momentum is supported by the volume, buyers may lift the price to a new all-time high.

On the other hand, if the crypto asset price fails to overcome the trendline, then sellers may remain strong. The price below the $0.0650 could be a bearish signal and sellers may keep dominating further.

Brett Price Analysis and Forecast

From the technical analysis and market commentary, it seems that the BRETT price is currently in a correction phase. However, it has the potential for a bullish breakout.

The Relative Strength Index (RSI) has shown a bullish divergence, and the MACD has also indicated a bullish presence.

There are indications of buying momentum once the price surpasses the resistance level. If the price manages to break the descending trendline, it could attract more buyers and lead to a new all-time high.

According to the technical chart, the bullish momentum in the Brett price might face resistance around the $0.100 and $0.150 levels. It is expected to take support at the $0.0700 and $0.0300 marks.

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