Brett-Based (BRETT) surges 18% as geopolitical tensions ease

Generated by AI AgentCoin World
Tuesday, Jun 24, 2025 9:01 am ET1min read
ETH
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Brett-Based (BRETT) has experienced a significant surge in the cryptocurrency market, with an 18% increase in the last 24 hours. This surge comes amidst a broader market recovery, driven by easing geopolitical tensions between Israel and Iran, which has also boosted Ethereum (ETH) by 6%, pushing it above the $2,400 mark. The recent price action in BRETT has formed a familiar fractal pattern, which previously sparked a major rally.

Analyzing BRETT’s daily chart reveals a pattern similar to its late 2024 setup. During that period, BRETT was trading within a falling wedge pattern following a significant correction. As the price tightened within the wedge, it eventually broke out alongside a reclaim of the 100-day moving average, triggering a 160% rally that peaked at the top of a macro ascending trendline. The current price movements in BRETT are aligning with this historical pattern, as it is once again moving inside a falling wedge and approaching the upper resistance trendline. The 100-day moving average, now near $0.049, stands as a critical resistance and potential launchpad for a breakout.

If this fractal

structure
plays out similarly to the past, BRETT could be on the verge of a breakout above the falling wedge and its 100-day moving average. This could lead to an explosive upside move toward the upper boundary of the ascending trendline, targeting the $0.30 region. However, traders must remain cautious, as this remains a setup and not a confirmed signal. For confirmation, BRETT must break above both the wedge resistance and the 100-day moving average with strong volume. If this occurs, it would increase the likelihood of a continuation rally.

It is important to note that this article is for informational purposes only and should not be considered financial advice. Investors are advised to conduct their own research before investing in cryptocurrencies. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Always exercise caution and due diligence when making investment decisions.