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The Brett price surged more than 18% in the last 24 hours to trade at $0.1269 as of 11:24 a.m. EST as investors go long on the Base meme coin.
Following the latest increase in the BRETT price, the altcoin’s weekly performance has now soared more than 65%.
Brett Price Trying To Challenge The $0.1312 Resistance
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price is attempting to break above the major resistance level at $0.1312 following a multi-candle positive sequence on the 4-hour chart throughout the last trading day. If bulls are able to push the meme coin above this threshold in the next few hours, BRETT might gain the technical foundation needed to potentially rise to as high as $0.1474 in the coming 24 hours.
On the other hand, a rejection from the $0.1312 resistance level could bring an end to the crypto’s positive momentum. Traders might start to exert pressure on the Brett price by opting to take profit in this alternative scenario. BRETT could subsequently be exposed to the risk of testing the $0.1142 support. An extreme bearish case might see the crypto fall to $0.0980.
Brett Price Hits A Technical Roadblock
Indicators on the meme coin’s 4-hour chart suggest the Brett price has reached a temporary peak. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn the altcoin has hit a roadblock as it tries to overcome the $0.1312 obstacle.
RSI readings have dropped in the last few hours. Although the current readings in the mid 70s suggest the presence of bullish strength, the negative slope of the RSI line warns that sellers might keep chipping away at buyers’ momentum. What’s more, the current reading suggests that the Brett price is in overbought territory. This is normally seen as a sell signal by traders.
In addition to the bearish signs shown by the RSI on the 4-hour chart, the MACD Histogram has also stopped rising. In the last 24 hours, Histogram values gradually rose, but have recently stopped this ascent. This could indicate that BRETT’s bullish momentum has stalled, and may be followed by a bearish trend reversal if sellers choose to seize the opportunity.
While technical indicators signal the Brett price might have reached a roadblock, investors continue to flock to meme coin rival Crypto All-Stars (STARS).
Among experts who are bullish on STARS is popular YouTuber ClayBro, who told his 130K subscribers that the project has the potential to soar 10X after its launch.
Giving Meme Coin Lovers The Chance To Grow Their Bags Passively
Crypto All-Stars (STARS) is an innovative staking project that enables investors to stake meme coins in one place for the first time.
The top meme coins supported from launch will be DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. This list is also scheduled to grow in the coming weeks, as the project’s team plans on adding even more staking options for investors.
By simply locking up any of the supported tokens, with the option to stake multiple tokens simultaneously as well, meme coin investors will start to earn passive crypto rewards paid out in STARS.
STARS tokens can also be staked for a huge 473% in annual rewards.
Investors Rush To Buy STARS At ICO Prices
Crypto All-Stars has already raised over $3.4 million through its ongoing presale, signaling strong investor confidence in the project’s future. Included in this raise are purchases from many crypto whales.
Anyone can still buy into the token before it hits the open market. Selling for $0.0015556, STARS can be bought with either ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or bank cards using the simple buy widget embedded on the project’s website.
Buyers who want to purchase STARS at the best rate will want to act fast because the token’s price is scheduled to increase in about 1 day.
Purchase and stake STARS here for the 473% APY before its price increases.
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