- The Brett/USD pair fell to 0.0763, destroying from a multi-month downtrend.
- MACD shows strong bullish momentum with increasing positive difference -Irs.
The price of Brett shows a wonderful strength in early May 2025, with a price action indicating a breakout from the recent trading range. Considering some timeframes provides a complete picture of developing this bullish.
In the 4-hour chart, since early April, Brett has developed a strong ustrend, and the price is currently trading at 0.07626973 as per CMC Data. Brett prices will break above 50-day and 200-day EMA.
The recent price movement shows a strong bullish outbreak of bullish to break the previous levels of resistance with convincing. This advancement is supported by increasing volume, indicating real interest in purchase. Brett's daily trade volume advanced 75% in the last 24 hours, suggesting bullishness.
Will Brett price be ruined above the $ 0.20 level?
Brett's bullish momentum is confirmed by the MACD indicator as the MACD line (0.00482207) crossing above the signal line (0.00216112) and constantly varying positively. The histogram bars grow in positive territory, which means that the upward momentum strengthens.
From the daily chart, Brett managed to reverse its collapse, which began in December 2024. Following a rounded pattern under the decline around 0.0234 in February, the price recently ruined the upper 50-day EMA (0.04902922) Mark. This long -term view indicates that Brett recovered nearly 225% from the lows of February.
RSI in both time frames indicates a strong momentum. In the daily chart, the Brett RSI is 70.27, slightly above the overbought level of 70, and in the 4-hour chart, it is 76.54. This indicates a short -term pullback; The strength of the general trend should not be ignored.
The main support for merchants is at a recent breakout level of almost 0.06000, with additional support of $ 0.0596. There is a resistance to the level of $ 0.0810 from the previous price action. The bullish outlook is intact as long as the price stays above the Supertend line, with a room that runs if the general market feelings remain positive.
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