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- BRISE traders adopt a “buy the dip” strategy following top 10 list inclusion.
- 24-hour trading volume spikes as BRISE gains traction.
- Stochastic RSI indicates a potential bullish reversal for BRISE.
Investors in Bitgert (BRISE) have embraced a “buy the dip” strategy following the cryptocurrency’s addition to a list of the top 10 promising projects with a market capitalization below $150 million.
Top 10 Promising Projects with Market Cap Under $150 million
This time we compiled a list of the top 10 projects, in our view, with a current market cap under $150 million, which you can examine more closely.$OMG $DGB $AXL $JOE $ACH $CORE $STG $BRISE $CELR #API3 pic.twitter.com/0TQJGqxH93— Ben GCrypto (@GCryptoBen) May 5, 2023
Despite this announcement, bearish sentiment prevailed in the preceding 24 hours. However, this downward trend was mitigated when the Bitgert market found support near the 7-day low of $0.0000003173.
The BRISE market experienced a resurgence of upward momentum, with prices hitting a 24-hour peak of $0.0000003614 before facing significant resistance. At the time of reporting, bears regained market dominance as bulls were unable to overcome resistance, resulting in a 2.32% decline to $0.0000003353.
Nonetheless, the 24-hour trading volume for BRISE surged by 158.34% to $3,846,485. This suggests a renewed interest from traders in the asset as they anticipate a prolonged bullish trend with more investors joining the upward movement.
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BRISE/USD 24-hour price chart (Source: CoinMarketCap)
BRISE/USD Technical Analysis
With a reading of 59.83, the stochastic RSI is positioned below its signal line, indicating increasing negative pressure in the market. This stochastic RSI level suggests that bulls may recover as it has not yet reached the oversold threshold of “30.”
Crossing above the signal line could indicate a shift in market sentiment and a potential reversal of the current downtrend. Additionally, the negative trend in the BRISE market appears to be diminishing, with a Chaikin Money Flow rating of -0.66. Should the CMF move into positive territory, it may signal a change in market sentiment and a possible reversal of the ongoing decline.
BRISE/USD 2-hour price chart (Source: TradingView)
In summary, Bitgert’s addition to the top 10 promising projects list has revitalized traders’ bullish outlook. This is contributing to an increase in 24-hour volume and suggesting a potential for sustained upward movement.
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