BRISE may be poised for another ralley
Updated
There is been some significant interest in BRISE in the past few months: Multiple projects, their own block chain (BRC20), lower gas fees and faster transactions. So it's no wonder there's some hype about it.
The price saw some heavy buying during August, prompting an impulse momentum to the upside for short amount of time. From the inital breakout on the 14th of August, the price ralleyed over 200%.
We can see that price has re-entered the zone of liquidity (the yellow and blue lines) and the potential for further upside momentum increases the longer price stays in the range zone.
I am very bullish on this project. My price target is 0.0001 which, given the current circulating supply, would give BRISE a market cap of around 30B, roughly the same cap as what Binance USD is currently. Very very real potential for this asset
The price saw some heavy buying during August, prompting an impulse momentum to the upside for short amount of time. From the inital breakout on the 14th of August, the price ralleyed over 200%.
We can see that price has re-entered the zone of liquidity (the yellow and blue lines) and the potential for further upside momentum increases the longer price stays in the range zone.
I am very bullish on this project. My price target is 0.0001 which, given the current circulating supply, would give BRISE a market cap of around 30B, roughly the same cap as what Binance USD is currently. Very very real potential for this asset
Comment
Significant breakout of the Range ZoneComment
Big dump because of CPI data.Comment
BRISE has broken through the support level. So, we are going to see some downside momentum for a while. However, this isn't a time to be pessimistic. This is the market having a good breather.Comment
We've been consolidating now for a quite a while and have entered back into the RZ after bouncing up from the 5e-7 area with a major level of resistence at the 1.4e-6
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