Brett Price Prediction: BRETT Plunges 5% As Experts Say Consider This Base Meme Coin Rival With 100X Potential

The Brett price dropped over 5% in the last 24 hours to trade at $0.08759 as of 11:45 p.m. EST as traders decrease their holdings in the meme coin.

With this latest pullback, the BRETT price is in the red by more than 3% in the last 7 days as well. Its price has also plummeted more than 28% in the last month.

The Brett Price Trapped In A Descending Channel

4-hour chart for BRETT/USD (Source: GeckoTerminal)

The Brett price has been in a negative channel over the past few days after it printed a series of higher highs and higher lows. Now, the meme coin is resting on the key support level at $0.08764. A break below this price point within the next 12 hours could put BRETT at risk of plunging to the next major support at $0.08606.

On the other hand, the Brett price maintaining a position above the $0.08764 support for the next 12 hours might invalidate the bearish thesis. In this alternative scenario, the crypto could attempt to escape the medium-term descending price channel. 

To break out of the bearish channel, the Brett price will need to establish a position above the $0.08899 resistance level. Overcoming this threshold could then give the meme coin the foundation needed to potentially rise to as high as $0.09056.

Technicals Point To A Continued Drop In The Brett Price

Technical indicators on BRETT”s 4-hour chart are flashing bearish, which suggests a continued price drop might be on the cards. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show negative signs.

RSI readings have dropped throughout the past trading day, signaling diminishing buyer strength. Sellers already have the upper hand against buyers, with the current RSI reading below 50. With the negative slope of the RSI line, bears might opt to keep exerting their dominance over bulls in the coming 24 hours.

Meanwhile, the MACD line is positioned below the MACD Signal line to indicate that BRETT is in a short-term negative trend. With the gap between the two lines starting to grow, it seems the meme coin’s negative momentum is starting to pick up steam as well. 

While BRETT remains at risk of falling in the short term, investors might turn to Base meme coin rival Base Dawgz (DAWGZ) to grow their capital.

Bringing The Multi-Chain Movement To The Base Ecosystem

Interoperability is a major focus in the blockchain space, and is one of the issues included in the blockchain trilemma. Base Dawgs (DAWGZ), a new meme coin on the layer-2 base blockchain, gives investors the ability to transact across some of the most liquid and active chains in the Web3 space.

Powered by Wormhole and Portal Bridge, Base Dawgz provides token holders the opportunity to move value across Avalanche, Solana, Ethereum, the Binance Smart chain and Coinbase’s Base network with ease. 

This opens up a plethora of opportunities, since investors can participate in yield-generating DeFi opportunities on these chains as soon as they appear without having to swap out their tokens first.

Its high levels of utility enabled through its cross-chain capabilities, coupled with Base Dawgz’s meme coin nature, has excited analysts, including popular YouTuber Claybro, who predicted DAWGZ could be the next 100X meme coin.

Investors Flock To Base Dawgz For High Staking Rewards

Base Dawgz is offering buyers at this early stage a lucrative staking opportunity with an 849% APY. This could be one of the reasons why the project has already managed to raise over $2.9 million through its ongoing ICO.

Gaining access to these rewards is a relatively simple process. The first step is to acquire the token using the buy widget embedded on the home page of the project’s website. Thereafter, the tokens need to be locked up through the staking page for the purchase to be eligible for the 849% APY.

After passing $2.9M raised, we're steadily on our way to 3M 🚀 pic.twitter.com/JbZUMgF8yd

— Base Dawgz (@BaseDawgz) August 13, 2024

Selling for $0.007784, DAWGZ can be bought using either BASE, ETH, BNB, AVAX or SOL, given the token’s multi-chain presence. Investors will want to hurry, because the meme coin’s price is set to increase during the subsequent stages of its ICO. The next price adjustment is taking place in 5 days.

Purchase and stake DAWGZ for the 849% APY before its next price increase.

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