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The Brett price surged over 23% in the last 24 hours to trade at $0.177 as of 7:45 a.m. EST as investors rush to accumulate the Base altcoin.
As the largest Base token by market cap, the recent gain posted by the BRETT price has nudged the crypto’s market cap closer to $2 billion. Following the latest increase, BRETT’s market cap stands at over $1.77 billion.
The Brett Price Breaks Above Its Positive Price Channel
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price broke above the $0.1597 resistance level over the past 8 hours. It has also risen above an ascending channel that has formed on its charts throughout the past couple of days.
Should the crypto close a 4-hour candle above this threshold within the next 8 hours, it might have a solid technical foundation to rise off from. Traders could look to enter into a long position for BRETT as a result, which might push the meme coin’s value above $0.1931.
On the other hand, the bullish thesis could be invalidated if the Brett price dips below the $0.1597 mark in the upcoming 8 hours. In this alternative scenario, the meme coin might be at risk of falling to the $0.1309 support level.
BRETT dropping to $1.1309 will then place it at the lower boundary of the aforementioned price channel. As such, the Brett price losing this key support could expose it to the risk of plunging to the subsequent level at $0.0859 in the following few days.
The Brett Price Is Approaching A Critical Technical Juncture
Technical indicators on BRETT’s 4-hour chart suggest the altcoin’s price has the bullish backing needed to keep climbing in the coming 24 hours. However, the crypto is approaching a critical juncture, which could lead to a correction.
The Moving Average Convergence Divergence (MACD) indicator shows that BRETT is in a short-term positive cycle. This is evident by the MACD line’s positioning above the MACD Signal line on the 4-hour chart.
What’s more, the MACD line is breaking away above the MACD Signal line, which traders could see as a sign of BRETT’s bullish momentum growing stronger.
Traders might want to keep an eye on the Bollinger Bands (BBANDS), however, as the Brett price edges closer to the upper band of the volatility indicator. Over the past few weeks, this band has acted as a strong resistance for BRETT.
If history repeats itself, the meme coin might undergo a correction soon. Another thing to note is that the Bollinger band is confluent with both the upper boundary of the rising price channel and the $0.1597 resistance. Therefore, BRETT will need to confidently clear this obstacle before bulls can consider going long on the altcoin.
As BRETT surges towards a $2 billion market cap, the new Base meme coin presale Base Dawgz (DAWGZ) is zooming towards $500K raised in just three days.
Offering Investors A Unique Multi-Chain Experience
Base Dawgz is looking to appeal to investors who “crave adventure and innovation” through a unique multi-chain experience. Although the token’s home is Coinbase’s Base network, it can be traded on popular networks such as Solana, Ethereum, BNB Chain and Avalanche as well, making the crypto truly interoperable.
What’s more, its presence on some of the most active and liquid blockchains means that investors can take part in DeFi opportunities that offer high yields as soon as they appear, regardless if they’re on the Base network or not.
Although DAWGZ is a meme coin, the canine-themed crypto is backed by powerful cross-chain technology. More specifically, the project utilizes the message-passing protocol Wormhole and the blockchain bridging system Portal Bridge to allow investors to seamlessly transfer value across networks.
Investors Bet Big On DAWGZ
More than $456K has been sent to DAWGZ’s ICO so far after the meme coin raked in over $200K in just minutes after going live.
Crypto YouTuber ClayBro says he’s bullish on the altcoin and believes that it could explode as retail traders re-enter the crypto space.
He also explained the project’s innovative share-to-earn model, which allows anyone who shares the crypto through a self-generated affiliate link to earn a 10% commission on any purchases made by people they refer to the token.
To get in on DAWGZ at this early stage, investors can take advantage of the simple buy widget embedded on the project’s official website.
Selling for $0.00479, the meme coin can be bought using BASE, ETH, BNB, AVAX and SOL. Anyone looking to buy might want to hurry because the price is set to increase in less than four days.
Purchase DAWGZ here before its next price increase.
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