With a market upswing and more activity, the meme coin jumped to $0.07703.
While BRETT is showing strong upward movement, it now nears a resistance zone that could prevent it from climbing higher if it is not passed.
The uncertainty in technicals could mean that this weekend brings some sharp changes in the price of BRETT, though caution is advised.
The price of Brett (BRETT), a rising meme coin, has experienced a notable surge, gaining over 17% in the past 24 hours to reach approximately $0.07703. The increase in price occurs when Brett tested a short-term support at $0.0644, so we may see more action this weekend. While some analysts are projecting a further 60% upside by the end of Sunday, technical and sentiment indicators suggest a more cautious outlook may be warranted.
BRETT Eyes Breakout After 12% Surge
BRETT had been trading within a consolidating pattern earlier in the week, marked by multiple rejections near mid-range resistance levels. As of the last session, the asset jumped sharply in a two-hour candle, breaking above its previous local highs and hitting a new short-term peak of $0.07381. The rebound occurred following a dip to its 24-hour low of $0.06339, marking a sharp turnaround.
https://twitter.com/Steph_iscrypto/status/1924041442764181858
In just one day, the token managed to gain 12.3%, entering a bullish phase and showing positive signs on short-term charts. Analysts note that a breakout above the $0.07998 resistance could trigger a new round of buying pressure, although that level has historically acted as a ceiling.
Volume and Volatility Rise
Trading volume for BRETT reached 34.049 million within 24 hours, reflecting growing market participation. This spike in activity accompanies a modest funding rate of 0.0245%, suggesting that leverage is present but not extreme. The token’s performance against Bitcoin also remains strong, up 14.9% at 0.067298 BTC, signaling broader investor confidence beyond the U.S. dollar pair.
Nonetheless, technical hurdles are still presenting serious challenges to the price of cryptocurrencies. There has not been a clear attempt to overcome the $0.07998 resistance level. If the price is unable to climb above, it could lead to another challenge at the $0.0644 support.
Weekend Outlook and Caution
Though social media is full of talk about BRETT hitting $60,000 by Sunday, no solid reason for such a rise has been found. This level would put BRETT around $0.12 and there are no historical prices at this level yet. Without clear structural support or confirmation of sustained momentum, market participants are advised to monitor for signs of exhaustion.
BRETT has shown notable strength in the short term, rallying from local lows to challenge resistance near $0.08. With bullish feelings stronger now, mostly because the weekend is a volatile period, the upside will be determined by viewing volume and market conditions. How much the token can gain further is not certain, as its movement is largely governed by current technical levels.
