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The Brett price surged over 14% in the last 24 hours to trade at $0.1045 as of 11:45 p.m. EST as investors go long on the meme coin.
Despite this recent uptick, the BRETT price is still down more than 12% on the weekly timeframe. The crypto’s monthly performance is also over 9% in the red.
The Brett Price Breaks Above A Major Resistance Level
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price managed to overcome the major resistance level at $0.0988 in the past couple of hours. Closing the next two 4-hour candles above this key mark could give the meme coin the foundation needed to rise to the next technical barrier at $0.1376.
On the other hand, BRETT falling below $0.0988 within the upcoming 8 hours might invalidate the bullish thesis. In this alternative scenario, the crypto could be at risk of falling to the $0.0794 support. Continued sell pressure should the altcoin drop to this point might then lead to the Brett price falling to as low as $0.0591 in the short term.
Brett Price Showing Bullish Strength
From a technical perspective, indicators suggest BRETT could keep rising in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.
During the last 24 hours, the MACD line collapsed towards the MACD Signal line. Buyers were, however, able to prevent the two lines from crossing. As a result, the MACD line bounced off of the MACD Signal line.
The margin between the MACD and MACD Signal lines has since been expanding. Traders might see this as a sign that BRETT is in a positive trend, and that its bullish momentum is growing stronger.
Meanwhile, RSI readings have been increasing through the course of the past trading day. With the current RSI value above 50, it seems buyers have the upper hand against sellers. What’s more, the positive slope of the RSI line suggests bulls are still accumulating strength against their bearish counterparts.
While BRETT tries to establish a position above $0.0988, investors are flocking to new Base meme coin Base Dawgz (DAWGZ) for parabolic gains and its 926% APY.
A Base Meme Coin With A Multi-Chain Presence
Base Dawgz (DAWGZ) is a new meme coin that calls the layer-2 Base network its home. However, the project’s team has expanded the token’s presence to multiple other chains, including some of the most active and liquid networks in the Web3 space.
GM to those who seek thrills above all else!$DAWGZ pic.twitter.com/q1bzPVJok3
— Base Dawgz (@BaseDawgz) July 21, 2024
Powered by Wormhole and Portal Bridge Technology, Base Dawgz allows token holders to seamlessly transfer value between Base, Ethereum, Binance Smart Chain, Solana and Avalanche. According to the project’s website, investors are able to claim, store and trade DAWGZ on any of these networks. This unlocks a plethora of portfolio-growing opportunities, since investors can quickly allocate their DAWGZ tokens to any yield-generating DeFi protocol, new and old, on any of these chains.
Investors Rush To Get DAWGZ At ICO Prices
Base Dawgz has raised more than $2.8 million through its presale so far, signaling strong investor confidence in the project’s future. Popular YouTuber ClayBro noted the project’s impressive performance at this early stage in a recent video.
This investor frenzy around DAWGZ is likely to continue as buyers look to gain access to the 926% APY. These rewards are open to anyone. All investors need to do is purchase and stake DAWGZ through the project’s website.
Selling for $0.007414, the token can be bought using either BASE, BNB, SOL, ETH or AVAX via the simple buy widget embedded on the project’s website. Once purchased, the tokens can be locked up through the staking page on Base Dawgz’s website for investors to become eligible for the high staking rewards.
Investors might want to hurry, however, because the meme coin’s price is scheduled to increase in the subsequent stages of its ICO. The next price adjustment will take place in 4 days.
Purchase and stake DAWGZ’s here for the 926% APY before its price increases.
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