The Brise price is down by 13 per cent in today’s trading session. The drop follows yesterday’s strong bullish move to the upside that saw the markets close with a 44 per cent gain. During yesterday’s trading session, the prices had increased by as much as 77 per cent.
Brise, currently trading at $0.00000033, is already down by 51 per cent in June. The strong bearish move is extending last month’s strong downward push that saw the crypto lose 27 per cent of its value. We are seeing an increased price drop in the past two months due to the recent cryptocurrency market crash.
For instance, in today’s trading session, the global cryptocurrency market is down by 10 per cent. The total market capitalization of the cryptocurrency industry has also gone below $1 trillion in recent days for the first time in years. One of the major cryptocurrencies positively correlated with Brise, Bitcoin is also down by more than 10 per cent today.
Therefore, there is a high likelihood that what we are seeing in the markets today has less to do with what the Brise project is doing and more to do with the current downturn in the markets. There is also a high likelihood that today’s drop is a result of the recent drop in cryptocurrencies.
Brise Price Prediction
The four-hour chart below shows that the Brise prices have trended down since the markets opened. The result is a 13 per cent price drop in today’s trading session. However, the chart also shows that the current bearish trend is a long-term trend that has lasted for weeks. Therefore, my Brise price prediction expects the prices to continue trending downwards.
We will likely see the prices trading below the $0.00000031 support level in the next few trading sessions. However, should the market conditions change, and the global cryptocurrency industry starts recovering, my bearish analysis will be invalidated. It will also mean there is a high chance of Brice’s price going up.
Brise 4-Hour Chart
