- Brett is currently trading in the blue sky zone.
- The price chart displays a strong bullish rally from the $0.0298 demand zone.
- The trading volume has increased 126.67% in the last 24 hour sessions.
Brett (BRETT) is a meme coin famous for calling Pepe’s best friend on the Base chain. The growing Base chain ecosystem provides a strong foundation for Brett’s success. Conversely, the memecoins are getting a lot of buzz these days. The Brett is no different when compared with other memecoins. The memecoin enthusiasts and communities have a soft spot for Brett.
Where is the Brett Crypto Price Heading? $1 Billion Marketcap
Since April 2024, the BRETT crypto price has been showing tremendous growth. It captured much attention on social media and investors who like light-hearted cryptocurrencies. The all-time return of the memecoin has exceeded the 280%.
In a recent post, @JakeGagain X account (Formerly known as Twitter) posted a tweet that shows that Brett has become the first memecoin on Base Chain to break a $1 Billion market cap. This makes the situation more intriguing for other memecoin lovers and investors who like to invest in a fun way.
Price Volume and Social Dominance Analysis
BRETT trading volume and price growth have a noticeable rise after May 13, 2024. However, the social rise in tweets occurred afterward, meaning the investors were already approaching the crypto. At present, the trading volume, price, and social dominance are strongly rising, indicating increasing numbers of market participants.
Technical Analysis of Brett (BRETT/USDT)
The strong bullish outlook reflects above the key exponential moving averages. Currently, the price is moving above the 50-day and 200-day EMAs, indicating an uptrend. Both the EMAs had a golden crossover, which boosted the bullish sentiments in price.
BRETT price has shown strong bullish momentum from the $0.0298 demand zone. The price reflected over 300% bullish rally from that demand zone and gave a breakout from the $0.0731 resistance. The current price trades in a blue-sky zone, creating new all-time highs. Brett reflects a strong, bullish view in the current session, according to the market technicals.
Moreover, the relative strength index (RSI) is upsloping in the over-bought area at 81.84, indicating strong bullish strength in the current session. The golden crossover between the RSI and SMA lines is making it more stronger.
Summary
Brett memecoin price has shown strong bullish momentum since May 15, 2024. The memecoin reflected over 300% bullish rally since then, reflecting the increasing interest of market participants. The price trades in a blue-sky zone at press time, creating new all-time highs. According to the market technicals, Brett price reflects a strong, bullish view in the current session.
Technical Levels
The immediate resistance for BRETT was $0.1205 at the time of writing, while the $0.0988 level was the next support. The price can continue surging at the current phase unless it makes a correction to the mentioned support level.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.