- BRISE traders “buy the dip” after top 10 list inclusion.
- 24-hour volume surges as BRISE gains momentum.
- Stochastic RSI signals potential bullish reversal for BRISE.
Traders in Bitgert (BRISE) adopted a “buy the dip” approach in the wake of the cryptocurrency’s inclusion on a list of the top 10 promising projects with a market value under $150 million.
Top 10 Promising Projects with Market Cap Under $150 million
— Ben GCrypto (@GCryptoBen) May 5, 2023
This time we made a list of the top 10 projects, in our opinion, with a current market cap under $150 million, which you can take a closer look at.$OMG $DGB $AXL $JOE $ACH $CORE $STG $BRISE $CELR #API3 pic.twitter.com/0TQJGqxH93
Despite this announcement, bears had the upper hand in the previous 24 hours. Furthermore, the negative trend, however, was neutralized once the Bitgert market found support around the 7-day low of $0.0000003173.
The BRISE market had a resurgence of upward momentum, with prices reaching a 24-hr high of $0.0000003614 before encountering stiff resistance. As of press time, bears regained market control as bulls failed to break resistance, leading to a 2.32% drop to $0.0000003353.
However, the 24-hour trading volume for BRISES increased by 158.34% to $3,846,485. This is indicating traders’ renewed interest in the currency as they predict a protracted bullish advance as more investors join the bull train.
BRISE/USD Technical Analysis
With a reading of 59.83, the stochastic RSI trend is below its signal line, indicating that negative pressure is growing in the market. This stochastic RSI level indicates that the bulls recover as it has yet to hit the oversold level of “30.”
Moving over the signal line may signify a change in market sentiment and a possible reversal of the current decline. Moreover, the negative trend in the BRISE market seems to be fading, with a Chaikin Money Flow rating of -0.66. If the CMF enters positive territory, it may indicate a change in market mood and a possible reversal of the present decline.
In conclusion, Bitgert’s inclusion on the top 10 promising projects list has rekindled traders’ bullish sentiment. This is driving up the 24-hour volume and predicting a protracted advance.
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