- BRETT price surged more than 220% from April lows of 0.0234, showcasing a bullish recovery.
- 50-day EMA providing key support at $0.0570 with bullish EMA alignment.
- Brett RSI at 58.12 confirms uptrend momentum without being overbought.
The BRETT price has recovered a lot after reaching a low of $0.02340727 in early April 2025. According to CMC data, at present, the price is worth $0.0749, which is more than triple its lowest value. The price action indicates that the Brett price is now bullish after a long period of falling from December 2024 to March 2025.
The price chart reveals a clear reversal, as the bottom is well-defined. Once BRETT broke above the 200-day EMA in April, it has been moving up with each low and high being higher than the previous ones. The retreat from the $0.09271549 level marks the first major setback in this new rise, making it a chance for traders who missed the initial move to buy.
EMA analysis is configured to reveal important details about the market. The 20-day and 50-day EMAs are now moving upwards together after being in a bearish pattern during Q1. Now, the 50-day EMA (at 0.05709) is helping to stop the price from falling, which is a typical sign of a bullish trend.
Will Brett Price Break Above the $0.1 Mark?
Source: TradingView
The RSI indicator proves that the recovery is strong. At the moment, the reading is 58.12, which suggests the market is bullish but not overbought. Since March, the 14 SMA curve has been going up, indicating that buyers are gaining strength. It seems that the latest pullback of RSI from 80 is a good correction, not a sign of a reversal in the trend.
Important resistance levels to monitor are the recent peak at $0.09271549 and the psychological level of $0.10. On the other hand, support for the pair can be found at $0.05709619, while stronger support is available at $0.03637927, where it previously consolidated.
The Supertrend indicator has changed to bullish, which supports the idea that the trend has reversed. The indicator is providing support at the level of $0.0570, which is also the location of the 50-day EMA.
In the upcoming sessions, the BRETT price may attempt to break through the 0.0927 resistance level. If this happens, it could lead to prices reaching $0.12- $0.14 again, as they did in January. Still, traders should pay attention to the $0.10 level, as it could lead to a longer period of consolidation before the next increase.
Highlighted Crypto News Today:
Galaxy Digital’s Nasdaq Listing Sets Stage for Stock Tokenization Push
