Braintrust (BTRST/USDT): BTRST Coin Price Heading Toward $0.364

• BTRST coin is currently trading at $0.320 level sustaining on previous resistance level.
• The Braintrust dropped -25.58% in 3 months time while observing an increase of 5.96% during the 1 month trading session.
• The BTRST coin trades below 50, 100, and 200-day EMAs.

The BTRST coin price is currently trading at $0.320 level sustaining at previous resistance $0.321 level. The coin price is heading toward the major resistance at $0.364 level from taking its previous support at $0.30 price level. The coin got a rejection from 20-day EMA signifies the price will be in uptrend for a short period of time.

During the 3 months trading session the coin price observed a decrease of -25.585 while an increase 5.96% in a month because in the early the price broke down an important support at $0.741 level, after that price continuously dropped down until it reached $0.26 level.

Source: BTRST/USDT by Tradingview

Due to the extreme decrease in coin value, it seems very hard for the coin price  to get back near that support level, but the BTRST is trying to sustain between $0.364 upper and $0.260 lower level. But as per technicals the coin is heading toward the upper level.

The coin price is slowly recovering until it reaches $0.364 level. After touching resistance the selling will be on and the price will drop once again.

Is Braintrust Trading In Sideways?

After falling from that important support level on May 31 2023 nearly -62.61% the coin price didn’t show any sign of recovery so, it is very much possible that the coin price will consolidate between levels than slowly try to rise near major break down at $0.741.

However, if the price reaches resistance level at $0.364 then there is very much possibility that the price will drop drastically and will break down the current low at $0.26.

Will BTRST/USDT Reach $0.364 Level?

Source: BTRST/USDT by tradingview

 The price will reach $0.364 level because without reaching that level the sellers won’t come, the coin price is now trading at $0.320 level above 20-day EMA and below 50, 100 and 200-day EMA indicating that the price will continue to be in uptrend for a short period of time. 

The RSI line averaged at 52.55 with the signal line at 52.50 showing strength toward bullish momentum, MACD showing high volume toward the bullish side with the signal lines toward it indicating the volume of buyers has increased.

Technical Levels

• Resistance Levels: $0.364 and $0.414
• Support levels: $0.300 and $0.260

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.