Bitgert

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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/information/bitgert-brise-price-may-breakout-towards-the-upside-soon/">Bitgert (BRISE) Price May Breakout Towards the Upside Soon</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The gas fee-free blockchain project Bitgert (<a href="https://coinmarketcap.com/currencies/bitrise-token/" target="_blank" rel="noopener noreferrer nofollow">BRISE</a>) was one of the many cryptocurrencies that saw its price drop heading into the new week. According to CoinMarketCap BRISE’s price slipped by 1.91% over the past day of trading. Despite the negative daily performance, a bullish chart pattern had formed on altcoin’s daily chart. 
Meanwhile, <a href="https://bitgert.com?utm_source=Coinpedia&amp;utm_medium=PR&amp;utm_campaign=Coinpedia" target="_blank" rel="noopener noreferrer nofollow">Bitgert</a> was changing hands at $0.0000001873. A value that leaned slightly closer to its daily low of $0.0000001846 compared to its 24-hour peak of $0.0000001927. Concurrently, the cryptocurrency saw its 24-hour trading volume decline by over 10% as well, resulting in an estimated volume of $3.77 million at press time. 
Looking at Bitgert’s price performance over the course of the past week, the cryptocurrency displayed a rather bleak outlook as it recorded a decrease of more than 7%. Meanwhile, its market cap of $74,092,850 meant that Bitgert held the 269th position among the largest cryptocurrencies based on market capitalization.&nbsp; 
<figure class="wp-block-image size-large is-resized"> 
 <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-1024x499.png" alt="" class="wp-image-227206" style="width: 100%;height:409px" width="840" height="409" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-1024x499.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-300x146.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-768x374.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-1536x749.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2-150x73.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/04160120/image-2.png 1832w" sizes="(max-width: 840px) 100vw, 840px"> 
 <figcaption class="wp-element-caption"> 
 Daily chart for BRISE/USDT (Source: <a href="https://www.tradingview.com/x/HITN7iyF/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
</figure> 
From a technical standpoint, a bullish falling wedge chart pattern had formed on Bitgert’s daily chart. If this pattern is validated in the incoming week, then the altcoin’s price may enter into a strong move towards the upside. This potential move may lead to Bitgert’s price flipping the $0.0000002380 resistance level into support.&nbsp; 
Continued buy support may even elevate Bitgert’s price to $0.0000002770 before the end of this month. However, if Bitgert’s price continues to drop throughout the coming week, then it may retest the crucial support level at $0.0000001815. A break below this mark could lead to it establishing a new all-time low. 
Investors and traders will want to take note of the fact that Bitgert’s short and medium-term momentum was in favour of sellers at press time. This was evident because the 9-day EMA line was positioned below the 20-day EMA line on Bitgert’s chart. Moreover, both of these technical indicators were positioned below the 50-day EMA line as well. 
A potential early indication of Bitgert’s negative trend shifting to positive will be when the altcoin closes a daily candle above the 9-day EMA line at around $0.0000001937. In this scenario, Bitgert’s price may attempt to do the same with the 20-day EMA line at $0.0000002036 before attempting to challenge the $0.0000002380 resistance level.

Bitgert (BRISE) Price May Breakout Towards the Upside Soon

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