Bitgert price remarkable comeback has stalled. BRISE surged to a high of $0.0000016 in August, which was about 360% above the lowest level during the month. It has now pulled back to about $0.00000098, which was about 40% below the highest level in August. According to CoinMarketCap, Bitgert has a market cap of $366 million, making it the 217th biggest coin in the world.
Bitgert price has been in a strong bullish trend in the past few weeks amid strong developments in the ecosystem. First, the developers announced that they were building a decentralized operating system that will be used by builders to create applications.
Second, the coin continued gaining more acceptance. For example, last week, it revealed that it was on the verge of being listed by Bybit, the leading exchange that sponsors Red Bull’s Formula 1 team. The voting started on Monday and will end on September 9.
Further, the developers said that BRISE staking will happen soon on their website while its DeFi ecosystem continued doing well. According to DeFi Llama, Bitgert’s total value locked (TVL) jumped from almost nothing to over $9.3 million. Therefore, BRISE price jumped as investors anticipate more demand for the coin.
Bitgert price prediction
The four-hour chart shows that the BRISE price has been in a strong bullish trend in the past few weeks. This month, however, the coin has lost momentum and is trading at about 40% below its highest point last month. The coin is oscillating at the 25-day and 50-day moving averages while the Stochastic Oscillator has moved to the neutral point at 50.
Therefore, Bitgert price will likely resume the bullish trend as buyers attempt to buy the dip. If this happens, the next key resistance level to watch will be at the August high of $0.00000016. A drop below the support at $0.0000008 will invalidate the bullish view.