The meme coin BRETT has experienced a significant drop, shedding over 11% in value. Trading volume has plummeted by 32%, contributing to the broader bearish pressure in the cryptocurrency market. Market capitalization of BRETT has dropped by over 8.5% to $74.8 billion, as a result of this decline. The price has fallen from its peak at $0.08052 to a low of $0.06848 before recovering to around $0.06981. BRETT’s trading activity has also decreased dramatically, with volume dropping by 32.37%. Despite the recent downturn, BRETT has recorded significant gains in the past month, increasing by over 92.59% from its initial low point in the month. However, technical indicators suggest a potential bearish trend for the asset. 32.37% decrease in trading volume reflects market-wide bearish pressure, while indicators like the MACD and Chaikin Money Flow signal continued selling pressure. A bounce back could be possible if BRETT manages to stay above the crucial support level of $0.07052, however a further drop could occur if it breaks below this mark. A successful recovery could see BRETT reach the resistance zone around $0.07270, with significant upward movement towards new highs. However, if BRETT fails to hold above the critical level of $0.07052, it may retrace and trigger a bearish death cross. This could push its price into deeper correction territory. The Bull Bear Power (BBP) value suggests weak bearish momentum at -0.00973, indicating potential for a short-lived recovery, especially if the price manages to avoid the crucial support level of $0.07052. Further analysis is needed to determine BRETT’s potential path forward.