{"id":561138,"date":"2024-08-06T08:59:01","date_gmt":"2024-08-06T08:59:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/auto-draft"},"modified":"2024-08-06T07:25:01","modified_gmt":"2024-08-06T07:25:01","slug":"brett-price-prediction-brett-soars-20-but-investors-are-flocking-to-this-base-meme-coin-rival-and-its-959-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/brett-price-prediction-brett-soars-20-but-investors-are-flocking-to-this-base-meme-coin-rival-and-its-959-apy","title":{"rendered":"Brett Price Prediction: BRETT Soars 20%, But Investors Are Flocking To This Base Meme Coin Rival And Its 959% APY"},"content":{"rendered":"

The Brett price surged 20% in the last 24 hours <\/span>to trade at $0.09535<\/span><\/a> as of 00:38 EST on trading volume that soared 34% to $146 million.<\/span><\/p>\n

This comes as Base ecosystem tokens climbed 2% to a market cap of $36 billion as investors buy the dip as the market recovers from yesterday’s crypto crash. <\/span><\/p>\n

BRETT continues to take the lead among the top meme coins in the blockchain, with MOG not far behind BRETT. <\/span><\/p>\n

Brett is now five months old and has a market cap of $926.7 million. <\/span><\/p>\n

Brett Price Aims For A Continued Bullish Reversal<\/h2>\n

Since mid-July the Brett price has been unable to surpass the previous resistance zone formed at $0.16, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The price movements below this resistance formed a head and shoulders pattern, which the bears used to drive the price below the neckline at $0.118. <\/span><\/p>\n

With the recent crypto clash, Brett was also affected, as it dropped to as low as $0.06, a price encountered last in May. <\/span><\/p>\n

However, the bulls seem to be using this low as a cushion to push the token up, evident with the price soaring 20% in the last 24 hours. <\/span><\/p>\n

The Relative Strength Index (RSI) is also rebounding from below the 30-oversold level to trade within the 50-midline level, currently at 50, which shows that buyers are actively adding to their positions. <\/span><\/p>\n

Moreover, the Moving Average Convergence Divergence (MACD) shows that the price of Brett is currently bullish, with the MACD climbing towards the neutral line. The blue MACD line also crosses above the orange signal line, which represents a bullish crossover. <\/span><\/p>\n

\"Brett
Brett Price Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Brett Price Prediction<\/h2>\n

The RSI and MACD show that Brett’s price is currently on a bullish trend reversal, as the indicators encourage investors to buy more. If the bullish rally continues, BRETT could soar back to the $0.15 resistance zone, slightly above the right shoulder of the head-and-shoulders pattern. <\/span><\/p>\n

However, Brett still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which could encourage the bears to exert more pressure. If the bears gain control at this level, the token could retrace back to the next support level at $0.083. <\/span><\/p>\n

Meanwhile, some investors are buying into another new Base meme coin called <\/span>Base Dawgz (DAWGZ)<\/span><\/a> that YouTuber <\/span>ClayBro, with over 129K subscribers, says “could create millionaires.”  <\/span><\/p>\n