Brett is pumping over +30% while writing amidst an Upbit listing. Koreans are crazy and have often pumped coins to x5 to x10, which is what other exchanges had them listed at. Binance Futures has also decided to list Brett today.
This seems like an organized push from the Brett team. So, what can we actually expect? Let’s dive into Brett’s technical analysis.
Upbit lists BRETT on Base: What Can We Expect?
신규 디지털 자산 브렛(BRETT), 페페(PEPE) 거래지원 안내
✅ 지원 마켓: USDT 마켓
📅 거래지원 개시 시점: 2024-08-20 19:30 예정🔗 공지 바로가기:https://t.co/CbzEWEX50f#Upbit #BRETT #PEPE pic.twitter.com/tG3lzvubG7
— Upbit Korea (@Official_Upbit) August 20, 2024
Koreans are crazy! We have, throughout the years, seen countless examples of this. Price can live in a completely different world than it does on any other exchange.
Why? It’s simple because Koreans are not allowed or have access to any exchange other than their Korean ones, and we all know crypto is super manipulated, so market makers will do everything in their power to push it up as well.
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BRETT Price Analysis: Cluster of Resistances Are Closing In!
As we can see on the Brett chart, it’s up nearly 30% on the day, which is not that much considering both Upbit and Binance Futures are listing it.
We can see that the Relative Strength Index(RSI) made what’s called a bullish divergence after being overbought. It came back above the support area and straight into the next resistance, which coincides with a huge cluster of resistances from the trendline to the daily 100-moving average. This will be a tough area to crack!
Lately, the whole meme market has seen a market-wide sell-off with less and less volume. This is actually all of the crypto except Bitcoin; who has seen this? Mostly, it’s because of the month we’re in.
August is Ghost Month, and it is historically bad trading month because people are on vacation and enjoying outdoor activities. So, for now, we will have to wait and see how the Upbit and Binance apes take the Brett listing.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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