Brett (BRETT): new highs to be expected? – analysis by CoinCDX

Brett’s price triggered a massive rise in the past few days which faced constant challenges by the bears as the token was slashed to the local support multiple times. The bullish momentum in Brett’s price appears to have piled up as the token initiated a fine ascending trend after experiencing huge price compression.

The technicals have turned bullish for Brett’s price after the latest rebound and hence a fresh ascending trend may begin once the buyers maintain their dominance.

Ever since its inception, the Brett price has been maintaining a strong ascending trend and reached the ATH at $0.19. It has also broken the symmetrical triangle after undergoing a brief correction and secured the levels above local resistance. This move has revived the hopes of recording a new ATH before the month-end but a small pullback could hinder the progress.

The RSI has turned bearish while the price is holding the local support. Therefore, if bulls display strength then a rise to the upper resistance zone between $0.18 and $0.19 could be imminent, otherwise, a pullback to the lower support zone close to $0.15 may occur followed by a rebound. 

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