Brett (BRETT)
Brett (BRETT)
Brett emerged as the 2nd most underperforming crypto asset this week losing nearly 18%. The price entered a correction phase in June and has been declining forming multiple lower highs.
The daily chart highlights the formation of a declining parallel channel pattern with the price included between the upper and lower boundary of the channel. It has a live market capitalization of $837.4 and ranks 71st in the cryptoverse.
The volume to market cap ratio at 2.58% suggests low volatility in the market. From a technical point of view, Brett price hovers below the key Exponential moving average of 20 and 50 days suggesting a bearish trend prevailing.
On the lower side, the price may continue to slide till the $0.07 level if selling pressure exceeds. On the higher side, for a sustained move to the upside, Brett needs to break out of the formed declining channel pattern.
Brett emerged as the 2nd most underperforming crypto asset this week losing nearly 18%. The price entered a correction phase in June and has been declining forming multiple lower highs.
The daily chart highlights the formation of a declining parallel channel pattern with the price included between the upper and lower boundary of the channel. It has a live market capitalization of $837.4 and ranks 71st in the cryptoverse.
The volume to market cap ratio at 2.58% suggests low volatility in the market. From a technical point of view, Brett price hovers below the key Exponential moving average of 20 and 50 days suggesting a bearish trend prevailing.
On the lower side, the price may continue to slide till the $0.07 level if selling pressure exceeds. On the higher side, for a sustained move to the upside, Brett needs to break out of the formed declining channel pattern.
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