BRETT Crashes 10% After Twitter Profile Hacking Incident | Airdrop Alert Pro

BRETT’s price has come under intense pressure after its official Twitter profile was hacked, which posted suspicious links to the airdrop. The hacking incident triggered panic among investors. BRETT price fell more than 10% in the past 24 hours.

Despite the setback, BRETT remains the largest meme coin in the Base ecosystem, gaining considerable attention and market share. While technical indicators suggest the downward trend may be easing, the coin’s dominance in the ecosystem may help it weather the storm and regain momentum.

BRETT’s Twitter profile hacked, prompting strong correction

Brett A few hours ago, a Twitter profile started posting a strange airdrop link. It kept posting again and the tweet was inserted into its profile as a pinned tweet. After the market became aware of the possible hack, brett price begins to decline.

The price collapse severely affected Brett’s indicators. Brett The Average Directional Index (ADX) fell from 34 to 30.8, indicating a possible change in trend strength.

ADX measures the strength of a market trend, helping traders understand whether an asset is experiencing a strong directional move or consolidation.

ADX ranges from 0 to 100, with key interpretations at different thresholds. Readings above 25 indicate a strong trend, while values ​​between 25-50 indicate a strong trend. BRETT’s current ADX is 30.8, which has weakened slightly from 34, although still showing a strong trend.

This subtle decline could signal that the current downtrend may be slowing down, suggesting that the correction may be losing some steam while still retaining significant directional strength.

BRETT is no longer in overbought territory

BRETT’s Relative Strength Index (relative strength index) plummeted from nearly 90 to around 55 in just 24 hours. This sharp decline is consistent with a price drop of more than 10%.

RSI is a momentum indicator that measures the magnitude of recent price changes to assess overbought or oversold conditions for a trading asset.

RSI typically ranges from 0 to 100, with key thresholds being 30 and 70. An RSI below 30 indicates that the asset may be oversold and will result in a price rebound, while an RSI above 70 indicates that the asset may be overvalued.

At age 55, Brett The RSI suggests the asset is heading towards more neutral territory after previously being considered extremely overbought.

BRETT Price Forecast: Will There Be a Recovery After the Recent Slump?

Brett’s technical indicators suggest a potential bearish scenario. If the price falls below the shortest exponential moving average (EMA), while the short-term EMA line remains above the longer-term line, this may signal further downward momentum.

If the current downtrend continues, potential support at $0.158 could be tested, suggesting a more severe correction in the market. However, even after the recent price collapse, BRETT remains the largest same corner exist according to ecosystem.

While the recent negativity may stem from Hacker News, brett price Can experience rapid recovery. The market’s resilience could allow the asset to bounce back and test the $0.236 resistance again.