BRETT: Why a decline is likely before hitting a new all-time high in 2025

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  • Current price movements suggest the token could drop further to find a stronger support level.
  • Reduced liquidity indicates a near-term pullback is likely with other indicators point to sustained overall bullish momentum.

As a seasoned crypto investor with over a decade of experience navigating the volatile waters of digital assets, I find myself cautiously optimistic about Brett [BRETT]. The current price movements suggest a potential drop, but the overall bullish sentiment and historical patterns indicate a resilience that could lead to a rally in the long term.

Over the past day, Brett’s value has risen roughly 6%, as per CoinMarketCap. Nevertheless, some strong negative indicators hint that the asset could potentially deepen its 16.28% monthly loss in the near future.

According to AMBCrypto, it seems like a drop could occur, but there are indications pointing towards a future recovery. In fact, there’s optimism that BRETT might hit a fresh record high in the distant future.

A decline followed by a rally for BRETT

Following a peak of $0.236 in November, BRETT has since fallen by at least 40% as indicated on the chart, and it’s anticipated that this decline could continue towards a significant support point.

Based on the current trend, the appearance of a green candle on the weekly graph indicates a short-term reversal, likely leading the asset to drop again after a brief pause.

It seems probable that this decrease will push the price towards a level where it’s historically bounced back, a point that triggered three instances of growth in the past.

Given the historical trend, we might anticipate another rally that could lift BRETT up to around $0.236 or more.

According to AMBCrypto, although a potential drop for BRETT might be due to reduced liquidity, the broader market sentiment towards bullishness remains robust.

Liquidity declines, BRETT falls, but remains resilient

After BRETT’s entry into the overbought zone (above 80), the Money Flow Index (MFI), which gauges the movement of capital in and out of an asset, has begun to decrease.

Presently, the Money Supply (MFI) is at 72.23, showing a decreasing pattern, which suggests less money moving into the asset. Consequently, we anticipate a drop in BRETT’s value.

As a crypto investor, I’m seeing that the Money Flow Index (MFI) continues to reside within the positive territory, indicating that my asset might be on track for a potential rebound.

The Aroon Indicator reinforces a positive or bullish trend for BRETT at this point. Currently, the Aroon Up line stands at 71.43%, significantly higher than the Aroon Down line which is at 0.00%. When the Aroon Up surpasses the Aroon Down, it indicates that the market continues to be bullish.

Based on the current market signals, it’s expected that BRETT might drop to a key support point due to ongoing liquidity reduction. Yet, its overall bullish trend will persist as long as the Money Flow Index (MFI) stays above 50.00 and the Aroon Up line remains high.

Large holders are not buying BRETT

As an analyst, I’m observing a significant drop in large transactions and trading volume based on data from IntoTheBlock. In the last 24 hours, only approximately 2,220 large transactions were recorded, amounting to around $56.47 million in BRETT, equivalent to nearly 3.86 billion BRETT in total.

Read Brett’s [BRETT] Price Prediction 2024–2025

Typically, big transactions lead to a substantial price rise, yet the market seems slow to respond, implying that prominent holders might not be keen on buying BRETT at this moment.

If the current pattern persists, it might result in additional decreases in price, possibly causing BRETT to approach its support threshold. Following that, there may be an upward trend toward increased prices in the market.

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2024-12-25 15:39