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Brett Price Prediction: BRETT Crypto Slides 10% As Traders Pivot To This Solana Airdrop Meme Coin For 100X Potential

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Brett meme coin
Brett meme coin

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The Brett price has slumped 10% in the past 24 hours to trade for $0.03210 as of 05:25 a.m. EST as trading volume soared 40%.

It comes after allegations that insiders owned over 81% of the token and wasn’t a fair launch.

Brett Price Suffers Ongoing Negative Publicity

The BRETT meme coin was met with controversy soon after its launch. One of the insiders, @CrashiusClay69, said that they first shared the token when the market capitalization was at $2 million. However, it quickly skyrocketed to $850 million, with traders that purchased BRETT token early enjoying up to 400X in gains.

The controversy started when reports spread that insiders hold over 81% of BRETT tokens. This saw the market capitalization crash by over $500 million to $286 million as of press time. The Brett price has also dropped almost 83% from its all-time high.

Brett Price Prediction

The Brett price is on a downtrend, recording lower highs and lower lows. Some would say that it is consolidating within a bullish reversal technical formation, the falling wedge.

However, judging from the Relative Strength Index (RSI), which is recording lower highs, the Base meme coin could have further downside momentum before a possible recovery.

Bearish sentiment continues to abound in the BRETT ecosystem, evidenced by the red histograms on the Awesome Oscillator (AO), which continue to grow in negative territory.

As traders continue to exit the BRETT market, the Brett price could drop lower, potentially revisiting the depths of $0.02323. In a dire case, it could extend a leg lower to sweep the sell-side liquidity that continues to reside below the aforementioned level ascribed to the April 27 trading session.

Brett price

TradingView: BRETT/USDT 1-day chart

On the other hand, if the descending chart pattern is activated, instigated by the BRETT bulls using the correction as a buying opportunity, the Brett price could recover. A flip of the $0.04768 blockade into support would be a good sign, potentially to entice more buy orders.

However, for the prevailing bearish thesis to be negated, the bulls must haul the Brett price above the $0.08028 roadblock. Traders looking to enter a long position for the BRETT token should probably wait for the Brett price to close above the $0.04768 resistance level and the RSI to flip above the mean level of 50.

If you are not inclined to buy the dip with BRETT, you may also consider diversifying your risk with SMOG, an ecosystem that’s been without controversy.

Some traders are already pivoting to this Solana airdrop meme coin as YouTube channel 99Bitcoins, which has more than 700k subscribers, predicts it has the potential for 100X returns on launch.

Promising Alternative To BRETT

Smog is one of the most talked-about meme coins in 2024 after it erupted onto Jupiter DEX. The project operates on the Solana blockchain, and it’s already burst into the ranks of the top 30 meme coins by market cap.

Smog promises the mother of all airdrops and, towards this endeavor, the project has allocated 35% of the total token supply (1.4 billion tokens) for giveaways.

Smog Token Makes Airdrop Payments After 11 Million Quests Completed

The first season of the Smog airdrop rewarded $SMOG token holders who joined the project’s quest board on Zealy and completed daily quests and community tasks for XP.

Smog gave away $1 million in the first season of its airdrop that ended on April 3.

Smog

Season 2 kicked off on April 4, with token holders’ on-chain activity being assessed this time to determine airdrop awards.

With the development team hinting at a likely new listing on a top-tier exchange soon, now could be an opportune time to buy given the hype that would come with such a development.

If you are tempted, visit and buy SMOG tokens here.

Also Read:

Smog (SMOG) - Meme Coin With Rewards

Rating

Smog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards - 42% APY
  • 10% OTC Discount - smogtoken.com
Smog token

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