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The Brett price plunged 9% in the last 24 hours to trade at $0.09029 as of 00:34 a.m. EST on trading volume that soared 52% to $39 million.
Brett is one of the top-three trending meme coins on the Base ecosystem, according to Coingecko. This comes as the meme coins in the blockchain dropped almost 7% to a $1.2 billion market capitalization.
Brett Price Aims For A Breakout
The Brett price dropped in August to as low as $0.060, according to data from GeckoTerminal. The bulls then used this support to push the price of Brett through a markup phase to the $0.099 resistance.
BRETT has since been trading within this range, supported by $0.089, and in a sideways pattern as the bulls aim for a breakout above the consolidation phase.
The Relative Strength Index (RSI), after falling slightly below the 50-midline level, looks to be accumulating around 40. This is a sign that the Bulls are getting ready to push the Brett price up by adding to their positions.
If the bulls take charge and buy more, the Brett price could breach the upper boundary of the sideways pattern, which could then push BRETT up, as the bulls target the $0.14 resistance.
However, BRETT still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), with the two SMAs forming a death cross at $0.13. A death cross and the price being under the SMAs is an indication that the Brett price could still go through a correction.
In such a scenario, if the bears push the token below the lower boundary of the pattern, BRETT could drop to the $0.080 support level.
As the Brett price bulls aim to push the token up, other Base meme coin enthusiasts are buying Base Dawgz (DAWGZ), a token that aims to emulate the success of BRETT, which soared over 100X after its launch.
Base Dawg Presale Garners Over $2.8 Million – A Promising Alternative?
Base Dawgz has raised more than $2.8 million from eager investors and is still soaring with no signs of slowing down.
We did it $DAWGZ!
$2.5 MILLION reached 🪂 we're soaring now and it doesn't look like we're slowing down 🤩 pic.twitter.com/XY0rUztKpV
— Base Dawgz (@BaseDawgz) July 15, 2024
While the project is based on the Base blockchain, Base Dawgz is bringing a unique multi-chain experience, offering seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and Avalanche.
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points. All you have to do is use your X account to create and share memes and other content related to Base Dawgz. After the presale ends, users will be able to exchange these points for the project’s native token, $DAWGZ.
The team has already set aside 20% of the total token supply for staking. By staking $DAWGZ, users can earn an impressive 890% annual percentage yield (APY).
Currently, about 34% of the 1.69 billion presale tokens have been staked, indicating that investors are clearly bullish on Base Dawgz for the long run.
According to ClayBro, a crypto analyst on YouTube with over 130K subscribers, $DAWGZ “could create millionaires.”
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.007414 each. But don’t wait too long because the price will increase in a day.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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