- A huge surge in the trading volume of the Brett crypto has been recorded.
- The crypto has high liquidity based on its market cap.
Brett, Pepe’s best friend, is a key cultural icon and mascot for Base Chain. With Base Chain’s rapidly expanding ecosystem, BRETT leverages numerous projects’ collective resources and expertise, enhancing its potential for success and growth alongside the platform’s development.
![BRETT](https://themarketperiodical.com/wp-content/uploads/2024/06/image-216.png)
Brett crypto has witnessed a surge of 10.8% in its market cap in the last 24 hours, resulting in a market cap value of $1.552B. The trading volume of the crypto has also surged by 110%. It shows an advance in the crypto’s engagement of traders and investors.
Brett is the 59th largest cryptocurrency in the global crypto market, and the value of the traded volume for the crypto in the last 24 hours is $82.506M.
It further results in a volume/market cap ratio of 5.30%, showing good crypto liquidity. Also, the crypto has 99.10% of its maximum supply circulating in the market.
Brett Crypto Derivatives Data Analysis
The derivatives trading volume for Brett crypto has also advanced by 153% in the last 24 hours, resulting in a value of $114.14M.
![BRETT](https://themarketperiodical.com/wp-content/uploads/2024/06/image-217-1024x197.png)
The derivatives volume chart for Brett crypto shows consistent advance over the last few days. That shows activity in the crypto has advanced over the last few days and is also at an all-time high.
The short liquidation of the crypto has been higher over the last 24 hours, resulting in a value of $23.85K compared to the long liquidation of $6.87K.
Brett Crypto Sentiment Data Analysis
The social dominance and volume of the Brett crypto have declined over the last few days, showing a decline in social media engagements.
It also shows that the crypto community is socially less active and less engaged.
BRETT Crypto Technical Analysis
Consistent higher high structure formation can be seen on the daily chart of the Brett crypto.
![BRETT](https://themarketperiodical.com/wp-content/uploads/2024/06/image-219-1024x456.png)
The price of the BRETT crypto has advanced by 120% from the most recent swing low of $0.07070. The crypto’s price further is taking support at the breakout level of the previous swing high and has sustained above the same.
If the price of the BRETT crypto further breaks above the most recent swing high, a further surge in the trading price of the crypto might be seen.
BRETT/USDT Chart by TradingView
The 20-day and the 50-day EMAs are trading in a golden cross, and the price of the BRETT crypto is also trading above the following EMAs. At press time, the price of the crypto has been rejected by the 20-day EMA and continues to surge to higher levels.
The MACD indicator shows uncertainty in the momentum, followed by an overall bullish trend. That’s because the MACD and the signal line are trading in a bullish trajectory but have formed a bearish cross.
The RSI further follows a bullish cycle, hitting the overbought zones. It also has sustained above the 50-level.
Summary
Brett crypto, a key mascot for Base Chain, has seen a 10.8% market cap surge to $1.552B and a 110% increase in trading volume.
Derivatives trading also spiked by 153%. Despite a dip in social engagement, strong technical indicators and high liquidity signal a bullish outlook for BRETT’s growth.
The support levels for the Brett crypto are $0.0710 and $0.1250, followed by the resistance levels of $0.01950 and $2.50.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.