BREV is currently showing signs of a strong comeback after a period of heavy consolidation. Here’s a quick breakdown of what the 4H chart is telling us:
🔍 Key Highlights:
Price Action: After hitting a local bottom around $0.1113, the price has surged back to $0.1587, marking a solid +24.57% gain.
Bullish Momentum: We are seeing a "V-shaped" recovery attempt. The recent green candles show strong buying interest at lower levels.
RSI Alert: The RSI(6) is at 81.28, which indicates the asset is currently in the overbought zone. While the momentum is strong, a small cooling-off period or minor retest of support might happen before the next leg up.
Resistance & Support:
Immediate Resistance: $0.1690 - $0.1800
Major Support: $0.1480 (previous consolidation zone)
💡 Pro Tip:
BREV is an infrastructure-based ZK-Coprocessor project. These types of tokens often move aggressively once they catch a trend. Watch for a candle close above $0.1660 to confirm a continuation toward the $0.20 range.
Always Manage Your Risk! 🛡️
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