The Coinbase Base network memecoin BRETT turns out to be the top performer in the category reaching 1 billion marketcap in just 4 months of its launch. This is faster than Top memecoins like DOGE and PEPE which took more time than BRETT did.
This comes after the Bretts integration on Seamless Protocol, a Base network’s DeFi Platform to lend and borrow with notable TVL of nearly $80 million.
Brett Price at the time of writing is swapping at $0.1156, with 24-hour growth of 12.7%, a weekly surge of 63.61%, and a monthly lead of 168.87%. While the current sentiments are in the bullish zone, the Frog-themed meme BRETT is expected to rise more.
Bret Perforace Overview: Analysis
BRETT is still on insufficient chart data, but this began with a parabolic wave that has implanted a bullish base to the asset.
In the 4hr chart of BRETT/USDT, we can see the price reached its all-time high (ATH) of $0.1278 and had a dramatic fall to $0.07 which created chaos. But this turned out to be a buying opportunity, the increase in social dominance resulted in a pullback above the $0.1 zone.
Currently, the resistance sits at $0.128 and the resistance points at $0.1 and $0.07. RSI at 57.8 is currently in the neutral zone but in an upward direction. The moneyflow index (MFI) is at 77, just on the trend line showing uncertainty of the price direction.
With these mixed signals, the Brett Price consolidates between key support and resistance levels.
What’s Next For Brett?
Brett in the long run looks like a go-to crypto, the coin performance so far is impressive and the rapidly growing Base network realm could be a booster.
Bretts may face some slight corrections because of its increased volatility and overall market slope this week, but Long-term technicals are all bullish and the price is expected to hit $0.7 by the 2024 end.
Any downturn in the crypto market or meme coin season could impact the growth and correct the precise to create lower lows. But if this external catalyst persists, Brett could join the top memecoin club with a market hitting $10B+.
Short Trend: Neutral to Bullish
Mid Terms: Neutral
Long Term: Bullish.
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