BRISE Shows Signs of Recovery from Short-Term Bearish Drop by CoinEdition

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BRISE is showing signs of recovering from a short-term bearish slide
  • BRISE is currently trading in the red, after trading in the green at the start of the week.
  • BRISE is trading at $0.0000002852, while it has seen a decline of 11.89% in seven days.
  • Indicators are that SOL will recover from its bearish sentiment.

Bitgert’s native token, BRISE is currently trading in the red, after trading in the green at the start of the week. Currently, BRISE is trading at $0.0000002852 and is seeing a decline of 11.89% in seven days. However, commerce analysts have reportedly predicted that Bitgert’s focus on user rewards and tokens has shown signs of revival with many other meme coins potentially in the long run.

BRISE Chart (Source: CoinMarketCap)

The one-day chart shows that the candlesticks are giving bearish signals as they are trading in the lower half of the Bollinger Bands. Moreover, the MACD line is below the signal line, which is also a bearish signal. However, the Bollinger Bands and the MACD line are also showing that there might be a rebound point happening soon. For example, the upper band of the Bollinger Band is stable, while the lower one is moving downwards. This could be a signal that there may be high volatility in the market soon.

BRISE/USDT 1-day chart (Source: TradingView)

Looking at the previous patterns, there has been a trend reversal as the bands widen and there is a high probability that BRISE will jump back into the upper half of the Bollinger Bands, which is a bullish signal.

Meanwhile, the gap between the MACD line and the signal line is narrowing, indicating that a trend reversal may occur at any time. Moreover, the bullish signal of the MACD line is for a short-term period, which also confirms that BRISE may deal with the bulls soon.

BRISE/USDT 1-day chart (Source: TradingView)

The RSI value is currently estimated at 26.15, which indicates that BRISE is oversold. Although the RSI is below the SMA, it is pointing up. This is another confirmation that BRISE may soon recover from the overbought area. If the RSI crosses above the SMA, there is a high probability that BRISE will remain in the strong trend area between 70 and 50.

Disclaimer: Opinions and opinions, as well as all information shared in this price analysis, are published in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.

Post-BRISE indications of a recovery from a short-term bearish slide first appeared in the coin issuance.

See the original on CoinEdition

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