Can BRETT Coin Break Past $0.10 As It Mimics ETH ETF Rally Momentum?
Key Insights:
- BRETT broke above $0.065 with strong volume, targeting $0.080 to $0.10 next.
- BRETT market cap targets $5B to $8B, potentially outpacing Ethereum’s growth.
- The crypto has maintained a bullish structure above $0.065, supported by rising volume.
BRETT coin is gaining new interest following its price movements that are becoming similar to the surge of Ethereum during the ETH ETF rally.
As price action gains momentum, traders are observing whether BRETT can break through the $0.10 barrier in the short term.
BRETT Coin Broke Above $0.060 With Strong Volume
According to market analyst Dippy, BRETT coin is in a strong recovery phase, based on the recent bullish momentum that has been recorded in the daily chart.
Following a strong support point found in the purple demand zone, roughly from $0.045 to $0.050, the token has made a notable recovery.
Notably, this was a key accumulation area that generated a sharp upward move that broke above the immediate resistance around $0.060. This bullish breakout indicated that the token has managed to hold the lower support and is preparing the ground for a possible retest of the recent high of $0.070.
However, to maintain this upward trend, BRETT must breach the horizontal resistance line just below $0.070, which in the past has been a crucial rejection point.
If the token can overcome this barrier with a good volume, it may experience a new rally, targeting the $0.080 psychological level.
On the downside, failure to hold above the support zone may set the stage for a retest of the lower range, making $0.045 a key level for sustaining the bullish setup.
BRETT Coin Market Cap is Targeting $5B to $8B
Market sentiment surrounding BRETT is bullish, with analyst Crashius speculating that the market capitalization could increase to between $5 Billion and $8 Billion. This projection implied that BRETT may outperform Ethereum in the short term.
The analyst compared the token’s current position to Ethereum’s early ETF momentum, which helped drive ETH to new local highs.
Currently, Ethereum is trading just a little over $2,000, while BRETT coin price is growing from a smaller base.
After community discussions and comparisons of charts, the analyst estimated that BRETT could make a 10x to 15x move before Ethereum makes a 2x move. These projections are based on the available on-chain data and technical setups that is across the major trading platforms.
BRETT is sustaining a Bullish Structure Above $0.065, Supported by Rising Volume
More so, the technical chart setup still favored rising momentum as long as BRETT remains above $0.065. This price level is now a critical short-term support point and has already been tested several times without breaking down.
The increasing volume of each rebound implied that the buyers are in control, particularly as BRETT approached the $0.070 resistance band.
Short-term moving averages (20-day and 50-day EMAs) are trending higher and are still under the current price. This arrangement supports the bullish trend and follows the usual continuation pattern.
When BRETT closes above $0.070 with high daily volume, the next price action may test the psychological resistance at $0.080, then the $0.10 level.
Price Momentum Reflects Early ETH ETF Chart Behavior
Meanwhile, comparisons between BRETT and Ethereum revealed striking similarities in their respective chart structures. Both assets maintained stable upward trends with narrowed volatility during periods of consolidation.
Ethereum had a sharp breakout after its ETF approval was confirmed, and the same momentum is building up in BRETT coin chart.
On shorter time frames, such as the hourly chart, BRETT displayed breakout candles backed up by large volume spikes. The token has not experienced major selloffs for even minor retracements, and thus, a steady accumulation phase.
As long as trading volume continues to support price movement, the likelihood of testing $0.10 remains intact.
