BRETT: After 39% surge, THIS suggests more gains ahead

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BRETT has experienced significant gains, and the upward trend is likely to persist.

Despite this optimism, technical indicators are sending mixed signals about BRETT’s near-term trajectory.

In the past week, Brett [BRETT] has jumped 63.24%, reflecting strong buying momentum.

This pressure has extended to the daily timeframe, driving a 39.38% increase and positioning the asset for possible continued growth.

Resistance level remains a challenge

Per analysis by AMBCrypto, there was room for more upside for BRETT. Notably, it has the potential for a 29.46% gain, targeting a price of $0.19550.

However, for this rally to materialize, BRETT must clear two critical resistance levels. The first hurdle was at $0.15030, followed by $0.17160, where notable selling pressure may emerge.

If BRETT fails to break the initial resistance at $0.15030, it could retreat to the demand zones between $0.13474 and $0.11912.

At this level, the asset may either find temporary support before a further decline or encounter sufficient buying pressure to fuel a continued move upward.

BRETT targets $0.195

On-chain activity and market participant behavior suggested a bullish outlook for BRETT, with the asset potentially aiming for a $0.195 target.

As of the latest update, BRETT’s Open Interest (OI) has climbed by 58.26% to reach $72.73 million, highlighting a surge in market activity and suggesting positive sentiment around the asset.

A high OI often signals increased engagement and an influx of long positions, particularly in futures contracts, as tracked by Coinglass.

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