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The Brett price plunged 24% in the last 24 hours to trade at $0.1125 as of 00:50 a.m. EST on trading volume that soared 53% to $69 million.
Brett is the biggest loser among the top 10 meme tokens, with DOGE and SHIB dropping 15% and 14%, respectively, amid the crypto crash. The meme coin market was a bloodbath with its market capitalization plummeting 14% to $37 billion.
The drop came as Bitcoin nosedived below the $55,000 level, with an 8% drop to trade at $54,164 as of 01:38 a.m. EST. In the last week, Bitcoin plunged 12%, which coincides with BRETT’s bearish trend from the $0.17 resistance level, according to data from GeckoTerminal.
Brett Price Could Stage A Bullish Trend Reversal Over $0.12
The Brett price, since mid-May, has been on an upward trend, rising through a markup phase from the $0.035 support zone and being supported by the golden cross at $0.043. BRETT soared to an all-time high of $0.193 on June 9.
However, the price of Brett has not been able to reclaim this high, with the token’s price fluctuating within the bullish pennant pattern. Following the market’s recent bearish sentiment, BRETT has crossed the lower boundary of the pennant, as the bears took control.
With the current trend, the Brett price trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate resistance levels at $0.1512 and $0.1464, respectively.
Moreover, the Relative Strength Index (RSI) is dropping below the 30-oversold level to trade at 25, an indication that the asset is highly oversold, with the sellers maintaining the pressure.
Brett Price Prediction
With the RSI crossing below 30, the asset has been sold and is therefore undervalued. Investors can use this as a bullish indicator and an increase in the possibility of price strengthening going up.
In a scenario where investors start buying, the price of Brett could stage a bullish trend reversal to breach the lower boundary of the pennant at $0.12, targeting the $0.173 resistance level.
Conversely, if the bears maintain the pressure, Brett’s price could retrace further to the next support zone at $0.098.
As the Brett price bulls gear up for a bullish trend reversal, some investors are turning to presale tokens like Base Dawgz ($DAWGZ) as a way to shelter from the crypto crash.
This token aims to emulate the success of Base meme coins like $Brett, which has seen a parabolic gain since its launch.
Base Dawgz Presale Garners $2.3 Million – Best Alternative To Buy Now?
While calling Base its primary home, Base Dawgz is bringing a unique multi-chain experience to meme coins that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
The token’s presale has exploded, amassing over $2.3 million in early funding.
🚀 #BaseDawgz Update 🐶
🌐 @BaseDawgz ($DAWGZ), the new Doge-themed meme coin, leverages Wormhole and Portal Bridge technologies for seamless cross-chain trading.
🔗 Raised over $2.3 million in a month, showcasing the strong appeal of #memecoin metadata. The community is… pic.twitter.com/DY9rXme76f— Base Feed News (@base_feed) July 3, 2024
To ensure that users can easily soar through the decentralized world without limits, Base Dawgz leverages the latest technology in Web3, including Wormhole and Portal Bridge. Therefore, users can transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
Users can also benefit from the project’s unique staking model, with the team setting aside 20% of the total token supply for staking. The team has officially launched the token’s staking feature, with staking only accessible for now on the Ethereum network.
The project also plans to launch the “Be Social for Airdrop” campaign to reward users with points that they can later redeem for $DAWGZ. All you have to do is engage with social media, mainly on X.
According to crypto analyst and YouTuber Jacob Bury, $DAWGZ is a token that could soar 10X after its launch.
You can get in on the action by buying WAI tokens for $0.00581 each. But hurry if you are interested because the price will increase in less than four days.
You can buy WAI tokens on the official website here using ETH, USDT, BUSD, or USDC.
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