Our previous Bitgert (BRISE-USD) price prediction is hanging by a thread as the crypto market is facing a massive pullback. Even in a sea of red, the BRISE coin suddenly pumped by 30% on the weekend. On Monday, the price appears to be stabilizing after the pump and is showing a minor loss.
At the time of writing, BRISE price is trading at 0.0000005231 after surging to the $0.0000006000 level on Sunday. The volatility in the price is nothing new for the investors as the coin has shown similar price action many times. Many holders are still trying to figure out the fundamental reason behind such a sudden move.
Why Is BRISE coin Pumping?
Bitgert price kept soaring throughout February due to the announcement of the burn from the project team. However, the selling pressure increased in the final days of the month, and the price dipped to the $0.00004650 level in March.
Surprisingly, the price started to pump out of nowhere on Sunday, giving the BRISE holders a sigh of relief. Analysts are attributing this surge to the recent buybacks and burn events. According to the official Twitter account of the project, the team burned more than $4.5 worth of BRISE coins in February. The corresponding supply shock can be a major reason behind the weekend’s pump.
BRISE Price Prediction
At first look, the BRISE-USD chart appears to be a whale’s playground. The chart has a lot of volatility spikes which point toward many pumps and dumps. This volatile price action, together with its absence on major exchanges, makes Bitgert price prediction very hard. Although the coin is available on many centralized and decentralized exchanges, the top exchanges are still avoiding its listing.
Nevertheless, we can still mark some key levels on the BRISE price chart to make a forecast. The most critical level for the bulls to hold is the $0.0000004500 level which is a previous higher low. This level has already acted as strong support as the price bounced off it during the weekend. The second key level is the $0.0000007000 level which can now act as a huge resistance. This level is also the year high, which will be very difficult to reclaim.