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The Brett price pumped 6% in the last 24 hours to trade at $0.06787 as of 6:11 a.m. EST.
Following the recent gain by the BRETT price, the meme coin is now up over 106% over the past month.
Brett Price Might Try To Escape Consolidation
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price has been in a consolidation phase between $0.05755 and $0.07117 over the last few days, according to data from GeckoTerminal. However, the meme coin is on the verge of challenging the upper boundary of this sideways channel.
If BRETT is able to clear the $0.07117 resistance within the next 24 hours, it could give the crypto the room needed to rise to the subsequent mark at $0.08446 in the short term.
That bullish thesis could, however, be invalidated if the Brett price is once again rejected by the $0.07117 resistance. If this level holds, the meme coin will likely continue its oscillation and drop towards the nearest support at $0.05755. Impatient investors and traders might even try to push the crypto to below this point to the next key level at $0.04593.
Bulls Seem To Be Rallying Together To Push The Brett Price Higher
From a technical perspective, indicators on BRETT’s 4-hour chart suggest the meme coin might be building up the bullish momentum needed to finally break above the $0.07117 mark. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show hints that traders might try to end the consolidation period.
Over the past 12 hours, RSI readings have started to climb. This led to the indicator breaking above the neutral 50 mark, signaling a bullish shift in power. With the current positive slope of the RSI line, it seems buyers are still accumulating strength against sellers to potentially overpower them.
The latest value below 70 also suggests there is still room for the Brett price to climb before it reaches overbought levels.
Meanwhile, a major bullish technical flag was triggered by the MACD on the 4-hour chart when the MACD line crossed above the Signal line in the last couple of hours. This specific technical event could be seen as an indication that the Brett price has entered a positive short-term trend. Traders might act on the development and start to push the Brett price higher up.
While the BRETT price tries to break free from a sideways channel, investors are also buying a new meme coin rival called BTC Bull Token (BTCBULL). According to popular YouTube channel 99Bitcoins, which boasts over 725K subscribers, BTCBULL could soar 100X after its launch.
A Meme Coin Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that aims to cheer the crypto market leader on as it rises all the way to $1 million per coin. As BTC’s price soars to new heights, the project will reward its investors with free Bitcoin via airdrops at certain price milestones.
The first of the Bitcoin price milestones that will trigger an airdrop is when BTC hits $150K for the first time. Following that, every new $50K milestone BTC’s price achieves will lead to a Bitcoin airdrop for BTCBULL investors.
However, BTCBULL is more than just another way for investors to gain BTC exposure. The project’s token also has massive upside potential, which is amplified by its growing scarcity. This will be achieved through the BTCBULL token burns the project has lined up at certain Bitcoin price milestones.
The token burns will start when BTC hits $125K, and continue with every $25K rise by the crypto market leader’s price.
BTC Bull Token’s combination of token burns and Bitcoin airdrops could lead to a favorable supply and demand dynamic for the meme coin, especially as investors rush to get in on the project’s BTC airdrops. This could lead to the rally forecasted by 99Bitcoins.
Investors Rush To Buy BTCBULL At Presale Prices
BTC Bull Token’s ongoing presale has gone parabolic, and already raised over $5.2 million in early-stage funding as investors bet big on the project’s future.
Anyone that wants to get in on this ground level can do so by purchasing BTCBULL via the simple buy widget embedded on the project’s website. Selling for $0.00249, BTCBULL can be bought with both crypto or bank card. Tokens can also be staked in the presale pool for an attractive 79% annual return
Interested investors who want to secure the best deal will want to act fast because BTCBULL’s price will increase as the presale progresses. The next price hike will take place in less than 2 days.
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