Brett Price Plunges 7% As Meme Coin Market Slumps, But This PEPE 2.0 ICO Storms Toward $24 Million
The Brett price plummeted 7% in the last 24 hours to trade at $0.08871 as of 00:26 a.m. EST on trading volume that rose 7% to $48.9 million. This comes as the meme coin sector’s market capitalization plunged 5% to $63.5 billion in the last 24 hours. Brett Price Currently On A Bearish Trend The Brett price action is contained within a descending channel pattern (marked by parallel white trendlines), which is typically a bearish structure. This suggests a sequence of lower highs and lower lows, indicating downward pressure after the bears took full control of the price within the $0.117 resistance, according to data from GeckoTerminal . BRETT now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), coinciding with the current bearish trend. Moreover, the 50-day SMA has crossed below the 200-day SMA, forming a death cross at $0.095, which cements the current bearish prospects on the 4-hour timeframe. The Relative Strength Index (RSI) is at 32.79, which is cl...