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The Brett price is up 12% in the past 24 hours to trade for $0.1790 as of 01:44 a.m. EST on trading volume that surged 57%.
Besides BRETT, another Base-based meme coin that is rallying is Basenji (BENJI), which is up 51% in the past 24 hours.
$BENJI is going to be that next big runner after $BRETT.
Recently partnered up with Wintermute – one of the biggest market makers in the space today. Also trending #1 on Dextools.
Big things are being planned – I have conviction in this dog for much larger targets. Send it.
— Peta₿yte (@PetaByteCapital) June 9, 2024
Brett Price Prediction
The Brett price is trading with a bullish bias, standing over 500% above its May 15 low of $0.0302. The odds continue to favor the upside, with the momentum indicators showing abounding bullish momentum.
For starters, the Relative Strength Index (RSI) continues to hold above the mean level of 50. This position shows that the bulls are still in control of the BRETT market. The position of the Moving Average Convergence Divergence (MACD) reinforces this outlook as it holds above the orange band of the signal line.
When I 1st posted $BRETT at 18m Mcap I told you I felt this was something special with incredible potential,
I shared my opinion of early $PEPE vibes but I’ve changed my mind,
Today seeing $BRETT flipped $BONK momentarily and its milestones like this that really put things into… pic.twitter.com/8fpMloBLUO
— OptimusBull (🥷🥷) (@OptimusBull_) June 9, 2024
For the layperson, the RSI above 50 typically indicates that the price momentum of the asset is bullish, meaning that there is a stronger upward movement in prices.
In the same way, the MACD holding in positive territory and above the signal line suggests that the uptrend in the asset’s price is strong and likely to continue. This also indicates that the bullish momentum is intact and the trend could potentially continue in the upward direction.
With this, the Brett price could shatter resistance due to the upper band of the Bollinger indicator at $0.1857. Overcoming this roadblock could see the base-based meme coin record a new peak above current highs of $0.1953.
This could see the Brett price tag the $0.2000 psychological level, or higher, and nick the $0.2200 threshold.
GeckoTerminal: BRETT/USD 1-day chart
Converse Case
On the flip side, analysts interpret the asset’s price testing the upper band of the Bollinger indicator to precipitate a correction as the asset is considered overbought in the short term. Specifically, this test indicates that the asset may have seen a rapid increase in price and could be due for a potential pullback or reversal.
Traders often interpret this as a signal to exercise caution or consider taking profits on long positions. This is because the overbought condition may lead to a period of consolidation or a retracement in price. Noteworthy, it does not necessarily mean that the price will immediately reverse, but it could indicate a potential weakening of the bullish momentum or a temporary pause in the uptrend. Investors should exercise caution nonetheless.
In case of a correction, the bullish outlook for the Brett price would only be negated below the $0.0800 psychological level. Until then, traders could see another buying opportunity when the Brett price tests the 78.6% Fibonacci retracement level of $0.1581, where a bounce is likely.
Elsewhere, experts say Base Dawgz (DAWGZ), a new Base token, might be the best crypto to buy now.
It’s already raised more than $736K and Jacob Bury, a renowned crypto YouTuber, says it has 100X potential as meme coins on Base take more of the spotlight.
Promising Alternative To BRETT
DAWGZ powers the Base Dawgz ecosystem. Its primary home is the Base chain, but it also offers seamless interoperability within different blockchains. These include Ethereum, Solana, Binance Smart Chain, and AVAX.
Base Dawgz leverages the latest technology in Web3, including Wormhole and Portal Bridge, to ensure that users can easily soar through the decentralized world without limits. As such, users can transact seamlessly across blockchains and have extensive multi-chain functionality.
Users can benefit from staking rewards at a later date, with the team already setting aside 20% of the total token supply for staking.
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points that can later be redeemed for $DAWGZ. All you have to do is engage with social media networks on X.
GM🌤️
X is trying to keep us on land but we will always make our way back to the skies. Reply with '🪂' if you see this.
— Base Dawgz (@BaseDawgz) June 10, 2024
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.00479 each. But do not wait too long because the price will increase in about 20 hours.
Also Read:
- How to Buy Base Dawgz Token – $DAWGZ Presale Review
- Base Dawgz Price Prediction – DAWGZ Price Potential in 2024
- Best Base Chain Meme Coins To Buy – 2024 Guide
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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