The Brett price was trading at $0.13847 as of 4:30 am EST, up 10% over the last 24 hours. BRETT has rallied as much as 241% over the last 90 days and is expected to move even higher into price discovery.
Brett is a new memecoin on the BASE layer 2 blockchain that aims to surpass the well-known PEPE in popularity. Despite this ambition, Brett has seen a 30% decline in value since reaching its all-time high of $0.195550 to the current price.
BRETT’s market capitalization currently stands at a robust $1.372 billion, ranking among the top 100 digital, according to data from CoinMarketCap. Brett’s trading volume witnessed a notable 24% surge over the past 24 hours, settling at $30.3 million. Despite the falling volume, this spike in spot price might indicate increased investor interest as traders capitalize on the coin’s volatility.
BRETT’s bullish setup predicts a 45% leap in price
After dropping 50% from its new all-time high of $0.19550, Brett dropped to a swing low of $0.10 on July 8. BRETT price pulled back up as bulls bought the dips, and the wider crypto market recovered. The BTC rose 54% to a high of $0.1542 on July 20 before correcting to the current price.
At the time of publication, the memecoin bulls are fighting resistance from the falling wedge’s upper boundary at $0.1435, as shown in the daily chart below. A daily candlestick close above this level would signal a bullish breakout from the technical formation, projecting a rally to $0.20. Such a move would represent a 44.55% ascent from the current price.
TradingView chart: BRETT/USD
Thee relative strength index’s (RSI) position around 53 indicated that the bulls were taking control of the price and were determined to push the price higher.
On the other hand, a daily candlestick close below the lower boundary of the wedge at $0.1260, where the 50-day EMA is sitting currently, would spell doom for the price. The first support base would be the $0.150 psychological level. Lower than that, the 100-day EMA at $0.10 would prevent the bulls from experiencing deeper losses.
