Brett Price Prediction: 2024, 2025, 2030

BRETT price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the daily chart revealed the peak resistance to be at $0.083.
• Furthermore, the lowest price floor for BRETT can be anticipated at around $0.019.

2. Market sentiment

• The overall market sentiment is seen to be strongly bearish in May 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms have projected that BRETT may reach an average value of $0.13 by 2029 and $0.35 by 2033.

Check out BRETT’s growth trajectory via a comprehensive daily technical analysis,  followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

BRETT price analysis: Token vulnerable to new low under bearish grip

The Brett price prediction for 2024 is meticulously outlined based on the analysis of BRETT's daily chart over the past couple of months. It highlights the key trends and investor reactions towards the cryptocurrency during this period.

The analysis period began with BRETT experiencing robust bullish momentum, which propelled the token beyond its previous peak resistance level of $0.083 by the end of March. 

As April unfolded, the market dynamics shifted with the emergence of a corrective pullback. This reversal in momentum led to a significant decline in BRETT’s value, with the token plunging below the $0.069 mark. 

During the early weeks of April, BRETT’s price exhibited notable volatility, oscillating frequently between the $0.083 and $0.069 levels. This period of fluctuation underscored market indecision, reflecting the tug-of-war between optimism and caution among traders.

By mid-April, bearish forces gained a definitive upper hand, leading to a sharp decline in BRETT's value. The token's price fell below the $0.056 level, marking a significant downturn.

In response to this downturn, the bulls made a final attempt to recover BRETT's value, momentarily pushing the price up to test the $0.069 level. However, this recovery attempt lacked the momentum to sustain itself, and the bears once again took control. The continued selling pressure drove BRETT's value down further, with the token reaching the $0.040 level by the end of April.

As May began, the downward trajectory of BRETT persisted, with the token ultimately falling to its lowest support level at $0.032. At the time of writing, the altcoin had shown a minor recovery from its recent lows, trading at $0.034.

Amidst its whirlwind trajectory, BRETT has recently showcased some potential. According to CoinMarketCap, BRETT recovered by 9% over the past 24 hours, with its market capitalization spiking by almost 8%. Furthermore, Brett recently announced that it had surpassed 150,000 holders on Base. These developments may pave the way for a positive future for the memecoin.

If the bulls manage to rally amidst market tension, BRETT may be able to touch the mid-range resistance level at $0.056 by the next few weeks. However, in a strong bullish scenario, BRETT is expected to surge higher as investor adoption around the token spikes. In this case, it may likely touch the peak resistance of $0.083 by Q3 of this year.

However, if the bears continue to dominate the token, BRETT’s value may experience a sharp drop to fall below the lowest support at $0.032 within the upcoming weeks. A lackluster market condition overshadowed by bearish momentum may result in the memecoin dropping further. In this case, even the all-time low (ATL) value of $0.019 is on the cards for the token.
 

Although the short-term future may seem bleak, our AI/ML predictive models forecast an optimistic long-term trajectory for BRETT. According to the models, it may touch an average value of $0.13 by 2029. If the memecoin comes up with significant use cases, it will drive investor adoption. As a result, BRETT may even touch $0.35 by 2033.

BRETT's 2024 roadmap: Key indicators to watch and trade

• For most parts of the analysis, the trading volume remained significantly low. However, it showcased a sudden spike in late April, mirroring the drastic price fluctuations at this period.
• The trading volume remained low at press time, although it did not stoop to its previous lows recorded at the beginning of the analysis.
• At the beginning of the analysis, the Relative Strength Index (RSI) was above the neutral 50 line. In late March, it even shot past the 70 mark and entered the overbought region.
• However, after this spike, the RSI kept plummeting. By the second half of April, it dropped below the neutral 50 line, continuing its downward trajectory. At the time of writing, the RSI stood at 35.83, indicating the presence of strong and persistent selling pressure.
• The analysis period began with Chaikin Money Flow (CMF) shooting above the neutral line. This trend continued until early April, after which the CMF dipped briefly.
• After recovering from the brief drop, the CMF steadily continued above the neutral line. By the end of April, another sharp drop was witnessed. However, even this plunge was not sustained, and the indicator recovered again. At press time, the CMF stood at 0.04, indicating an inflow of money into the asset.