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The Brett price dropped over 20% in the last 24 hours to trade at $0.07063 as of 5:20 a.m. EST as investors dump the meme coin.
This drop in the BRETT price comes amid a broader market crash. Over the course of the last 24 hours, the combined crypto market cap has plunged more than 13% and has fallen below the $2 trillion mark.
The Brett Price On The Verge Of Losing Another Support
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price is resting on the key support level at $0.06945. Should it close a 4-hour candle below this technical safety net within the next 8 hours, the meme coin could be at risk of plunging to $0.05679 in the following 24 hours.
On the other hand, BRETT closing the next two 4-hour candles above $0.06945 might invalidate the bearish thesis. In this alternative scenario, the crypto could attempt to reclaim the $0.09087 support. A break above this key price point might then give the Brett price the foundation needed to rise to as high as $0.11035 in the short term.
Technicals Suggest The Brett Price Might Keep Falling In The Coming 24 hours
Technical indicators on BRETT’s 4-hour chart warn the meme coin’s price could keep dropping in the upcoming 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs.
In the last 24 hours, the RSI attempted to break above 30 to exit oversold territory. However, sellers were able to prevent this from happening, leading to RSI readings dropping in the following couple of hours. Currently, the RSI line is still negatively sloped. Traders might see this as a sign that sellers are growing even stronger against their weaker bullish counterparts.
Meanwhile, the MACD line is positioned below the MACD Signal line. This specific orientation is generally seen as an indication that a crypto is in a negative trend. What’s more, the growing gap between the MACD and MACD Signal lines suggests BRETT’s negative momentum shows no signs of slowing down just yet.
While BRETT is at risk of falling in the next 24 hours, the ICO for Base meme coin Base Dawgz (DAWGZ) has raced past $2.8 million in funds raised .
A Base Meme Coin With Unmatched Interoperability
Base Dawgz (DAWGZ) is a canine-themed token with a multi-chain presence. Although the token currently calls the layer-2 Base chain its home, the crypto’s development team plans on deploying DAWGZ on several other leading blockchain networks.
These chains will include the Ethereum, Solana, Binance Smart Chain and Avalanche networks. With this multi-chain presence, DAWGZ holders will be able to seamlessly shift value across some of the most liquid and active networks in the Web3 space.
Base Dawgz’s high level of interoperability is enabled through the project’s integration with cutting-edge cross-chain technology including Wormhole and Portal Bridge.
With its appeal to meme coin investors and its integration of sophisticated cross-chain technologies, it is no wonder that popular YouTuber ClayBro featured the project recently, and warned investors that it is ”selling out fast.”
Investors Rush To Buy DAWGZ At Presale Prices
More than $2.8 million has already been sent to DAWGZ’s ongoing ICO, signaling a lot of investor confidence in the project’s future.
This bullish momentum is likely to continue given the incredible 963% APY on offer to buyers at this early stage. With 32% of DAWGZ’s supply already staked, there is still time left for investors to unlock these high rewards.
To get started, investors can utilize the simple buy widget embedded on the project’s website to acquire the token. Selling for $0.007061, DAWGZ can be bought using either BASE, SOL, BNB, ETH and AVAX.
Anyone looking to buy the meme coin should act fast because its price will increase in just over 18 hours.
Purchase and stake DAWGZ here for a 963% APY before its price increases.
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