๐จ BREV/USDT ANALYSIS - 17 Jan 2026 ๐จ
Price is $0.3143**, just below the current market price of ~**$0.3152 . The token has crashed -44.3% from its All-Time High of $0.5663 on Jan 7 and is trading near its recent low . Technical indicators are overwhelmingly BEARISH ๐.
๐ Key Technical Data & Levels
ยท Current Price: ~$0.3152
ยท 24h Volume: $233.11M (Extremely high relative to market cap)
ยท Major Resistance: $0.3268 (R1)
ยท Critical Support: $0.3154** (Pivot Point), then **$0.3022 (All-Time Low)
ยท Technical Signal: STRONG SELL from Moving Averages (12 SELL vs 1 BUY). Oscillators are NEUTRAL .
๐ Chart & Volume Analysis
The chart is in a clear downtrend ๐. The price is trading below all major moving averages (EMA 10, 20, 50, 200), which are now stacked as resistance above the price . The huge 24-hour volume of $233M signals intense trading activity, but it's dominated by selling pressure as the price struggles to rise . The Relative Strength Index (RSI) is at 31.19, indicating the asset is nearing oversold territory but not there yet .
๐ฎ Prediction
The outlook is BEARISH in the near term. The massive sell-off from the ATH shows weak holder confidence. I predict BREV will retest the $0.3022 all-time low support** soon. A break below could trigger a sharper fall. Any price rise is likely to face strong selling pressure at the **$0.3268 and $0.3413** resistance levels. A recovery requires a sustained break above **$0.3413.
โ ๏ธ Trade Plan
ยท Direction: BEARISH. Prioritize selling on rallies.
ยท Action: Consider a short if price is rejected at the $0.3268** resistance. Target **$0.3022.
ยท Stop-Loss: Place above $0.3350.
ยท Risk: VERY HIGH. This is a very new token with extreme volatility. Trade tiny sizes! Avoid trying to catch the falling knife . ๐
#SupportTest Key Context for This New Token
Remember, BREV only began trading in early January 2026 . Its price is driven by initial hype and speculation, not long-term fundamentals. The project focuses on ZK-proof verifiable computing.