How High BRETT Can Go As The Price Is Booming?
Brett (Based), a meme coin referenced from Matt Furie Boys’ Club comic, is giving tough competition with the rest of the cryptocurrencies regarding gains. It has surged 327% in a month interval only and is currently trading at $0.1581. BRETT has been part of the crypto industry for merely three months now but succeeded in gaining popularity, leading to a market capitalization of 1,560,377,136 in such a short period. It was launched in February 2024 on the Base network and is among the top coin because of its high market capitalization.
The price has declined a little, but the meme coin is still bullish. So, how high can the BRETT price go? Let us discuss that in this blog.
BRETT Price Performance
BRETT was launched with a starting price of $0.038 and has grown almost 400% from then. The meme coin took a few days before getting momentum and surging to the April high of $0.083, followed by a correction. However, the price began to recover again on the 17th of April when the price was around $0.042, continuing to the all-time high of $0.1878. This surge comes after the increased buying pressure among investors.
At the time of writing, BRETT’s price is at $0.1581 after reaching a minor decline today. But the recovery is pending as the trading volume has surged to $201,626,168 after a 38% surge. This increased network activity can aid in recovery and probable gains.
What’s Coming Next For BRETT? DIP or Surge
After the current decline, the BRETT holders are confused about whether the price will continue to decline or surge. On analyzing the technical indicators, there is a chance of recovery as the market is in a strong buying zone. The moving averages, at all levels, are in the buying zones, which is an indication of upcoming gains. The Moving Average Convergence Divergence is another indication of the buying zone, confirming the same and predicting a price recovery.
However, the Relative Strength Index is 75.4, which is an indication of the asset being overbought and overvalued, causing the trend reversal. As a result, BRETT’s price is in decline. With a few other indicators like Momentum, Stochastic, and Commodity Channel Index signaling for the Selling zone, the price might drop even more in the upcoming few hours.
As analysts predict the price to surge as high as $0.2427, BRETT might aim for a recovery after the ongoing decline. It has to see how BRETT can surge higher after correction.
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