Brett (BRETT) Price Skyrockets 36% After Listing: What's Next?

Bittime – The price of Brett (BRETT), a Base-based meme coin, recently saw a significant spike after being listed on South Korea's leading crypto exchange, Upbit. 

In the last 24 hours, BRETT price surged by 36%, reaching the $0.10 mark. This spike indicates strong market interest and the potential for further upside in the near future.

Increased Trading Volume Supports BRETT Price Surge

The BRETT price increase was accompanied by a very significant spike in trading volume. BRETT trading volume now stands at $66 million, an increase of 193% compared to the previous period. 

This increase in price accompanied by an increase in trading volume indicates strong market demand, which supports this bullish trend. When price and trading volume spike together, this often indicates deep interest in the asset.

Technical Analysis: RSI and CMF Indicators Strengthen BRETT Uptrend

Technical indicators also show that the BRETT price surge is supported by strong buying pressure. BRETT's Relative Strength Index (RSI) is currently at 49.39, close to the neutral level of 50. 

RSI approaching or crossing 50 indicates that bullish momentum is getting stronger, with selling pressure starting to wane. If the RSI continues to increase above 50, this will further strengthen the bullish signal for BRETT.

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Additionally, BRETT's Chaikin Money Flow (CMF) is currently at 0.04, above the midline, indicating positive liquidity flow into the market. This increase in CMF indicates that there is a strong inflow of money, supporting the uptrend in BRETT prices.

Positive Trends in the BRETT Derivatives Market

The derivatives market for BRETT is also showing a significant bullish trend. BRETT derivatives trading volume surged by 282% in the last 24 hours, while open interest increased by 112%, reaching $37 million. 

The spike in open interest shows that many traders are opening new positions, signaling strong bullish sentiment in the derivatives market.

BRETT Price Prediction: Will the Rise Continue?

Even though BRETT is currently showing a positive upward trend, it is important to remember that the crypto market is very volatile. The price increase supported by market data and technical analysis provides good prospects for BRETT, but the risk of profit-taking may affect the price in the future. 

If the uptrend continues, the next price target for BRETT could be $0.11. However, if selling pressure increases, BRETT price may experience a temporary decline towards $0.09 before a possible rebound.

With supporting technical indicators and market data, BRETT shows potential for further growth. However, investors are advised to continue to monitor market developments and consider risks before making investment decisions.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.