BRETT/USD pair surges to 0.0763, breaking out from a multi-month downtrend.
MACD shows strong bullish momentum with increasing positive divergence. The BRETT price is showing impressive strength in early May 2025, with price action indicating a breakout from its recent trading range. Considering several timeframes gives a complete picture of this developing bullish trend.
On the 4-hour chart, since early April, BRETT has developed a strong uptrend, and the price is currently trading at 0.07626973 as per the CMC data. The Brett price breaks above both the 50-day and 200-day EMAs.
The recent price movement demonstrates a powerful bullish impulse breaking the previous resistance levels with conviction. This surge is backed by increasing volume, which indicates real buying interest. Brett’s daily trading volume has advanced by 75% in the last 24 hours, suggesting bullishness.
Will BRETT Price Break Above the $0.20 Level?
Source:Tradingview
Brett’s bullish momentum is confirmed by the MACD indicator as the MACD line (0.00482207) crosses above the signal line (0.00216112) and continues to diverge positively. Histogram bars are growing in the positive territory, which means that the upward momentum is strengthening.
From the daily chart, BRETT has managed to reverse its downtrend, which started in December 2024. Following a rounded bottom pattern after bottoming around 0.0234 in February, the price recently broke above the 50-day EMA (0.04902922) mark. This long-term perspective indicates that BRETT has recovered almost 225% from its February lows.
The RSI on both time frames is indicating strong momentum. On the daily chart, the Brett RSI is 70.27, slightly above the overbought level of 70, and on the 4-hour chart, it is 76.54. This indicates a short-term pullback; the strength of the overall trend should not be ignored.
Key support for traders is now at the recent breakout level of about 0.06000, with further support at $0.0596. There is a resistance at the $0.0810 level from previous price action. The bullish outlook is intact as long as the price stays above the Supertrend line, with room to run if the overall sentiment of the market remains positive.