Brett Price Prediction: BRETT Falls 21% – Are Whales Selling?
The Brett price has dropped by 24% since hitting an all-time high of $0.1933 on Sunday, with the meme token also down by 12.5% in the past 24 hours.
This comes as the crypto market as a whole has fallen by only 0.3% today, although at $0.1476 BRETT remains up by 1% in a week, 73% in a fortnight and by 340% in the past month.
Such gains make it the best-performing top-100 coin over these timeframes, yet the decline since its ATH suggests that whales are dumping their bags at the moment.
But given that the coin, which runs on Base, is still only three months old, it could rebound strongly again soon.
BRETT may have been storming the market up until a few days ago, but its chart suggests that it needs to weather a little correction before it can begin enticing new buyers again.
Its relative strength index (purple) highlights the recent loss of momentum, going from more than 80 about a week ago, to just under 40 today.
Given that BRETT has fallen by just over 12% today, there’s every chance that the RSI could hit 30 or even 20 before things stabilize.
The coin’s 30-day moving average (orange) supports this view, in that it’s about to fall below the 200-day average (blue), a move which often indicates further losses.
We may therefore need to see the 30-day fall well below the 200-day before BRETT regains its former strength, with the coin about to test its support level (green).
If it can resist a clear fall below $0.145, then it may recover quickly, although the opposite case may bring losses over the next few days.
Still, BRETT’s 24-hour volume is still relatively high at $115 million today, having stood as low as $11 million barely a month ago.
Notably, these wallets belong to a group of 15 wallets that swapped 4.9 $ETH ($14.4K) for
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