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The Brett price has plunged 7% in the last 24 hours to trade at $0.1513 as of 3:35 a.m. EST on a 36% drop in trading volume to $64million.
Despite the overnight fall, the BRETT price remains up 113% in the past month. Inspired by the character Brett from the Boy’s Club comic series, Brett is the biggest meme coin on the Base chain with a market capitalization of about $1.5 billion.
BRETT Price Bulls Maintains Momentum Above Bearish Channel
The Brett price has been consistently dipping due to a tug-of-war between buyers and sellers, forming a bearish channel pattern. Despite this, buyers have shown resilience, pushing the price higher from the support zone at $1256 to the resistance at the channel’s upper trendline.
The price has now managed to break above this channel, establishing a solid technical foundation for further gains.
Although it has retraced to the channel’s upper trendline, this development could attract traders to take long positions on BRETT, potentially driving its value beyond its current all-time high.
BRETT/USD (Source: Dextools.io)
The Relative Strength Index (RSI) for BRETT has rebounded from an oversold level of 30 to a midpoint level of 50, currently sitting at 59. If momentum continues to build, the RSI could rise into the overbought zone around 70.
Brett Price Prediction: Bulls Eyeing New Highs
BRETT shows positive signals according to the Moving Average Convergence Divergence (MACD) indicator. Currently, the MACD line is above the signal line and slightly above the neutral level, indicating bullish momentum.
The BRETT price still maintains a bullish stance on the daily chart, which indicates that the token’s price has found strong support and suggests potential gains ahead.
This bullish momentum on the daily timeframe suggests that BRETT could target the $0.1917 mark, supporting a potential long position. Upside targets are projected between $0.1933 and $0.2362.
However, the bullish scenario could be invalidated if the price drops below $0.1917. In that case, the outlook may weaken, pushing the meme coin towards the $0.1569 support level.
Base Dawgz Presale Blasts Past $2 Million
Base Dawgz (DAWGZ) is a new meme token that aims to challenge BRETT’s supremacy on Base. It’s off to a great start, with more than $2.1 million raised in its presale.
🪂 2.1 MILLION 🐕
LFG $DAWGZ! pic.twitter.com/6VaaCciU9E
— Base Dawgz (@BaseDawgz) June 25, 2024
Base Dawgz (DAWGZ) features a base-jumping Shiba Inu mascot that is intended to capture the adventurous spirit of its investors. Inspired by Doge, these meme characters are decked out in base-jumping gear and soar through the skies.
The project uses advanced Web3 technology to enable seamless transactions across multiple blockchain ecosystems. While its main home is Base, DAWGZ stands out for its innovative multi-chain approach, allowing easy interactions with Ethereum, Solana, Binance Smart Chain, and AVAX.
We are here to liberate you memers!
Ascend into the skies with us🛩️ $DAWGZ pic.twitter.com/eqMe6lwj3K
— Base Dawgz (@BaseDawgz) June 26, 2024
One of the most exciting developments for Base Dawgz is the upcoming launch of its staking protocol. Investors participating in the presale before the staking launch will receive a bonus retroactively if they stake their tokens after staking is launched. The project has set aside 20% of the total token supply for staking.
ClayBro, a popular YouTuber and crypto analyst, believes DAWGZ ”could make millionaires.”
DAWGZ tokens are currently priced at $0.005534 each. But beware that a price increase is coming in less than five days.
Buy DAWGZ tokens here using ETH, USDT, BUSD, or USDC.
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