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The Brett price slumped 4% in the last 24 hours to trade for $0.1420 as of 00:05 a.m. EST.
It comes as meme coins pare gains made in recent days, with Floki Inu (FLOKI) and Shiba Inu (SHIB) in the red.
But not all is lost for the Brett price as it consolidates within a bull flag pattern, suggesting a possible bullish reversal.
Huge $BRETT bull flag in the making.
Don’t fade the next leg up to $5 billion marketcap for $BRETT. pic.twitter.com/hRcAxeCyiE
— Mister Crypto (@misterrcrypto) July 16, 2024
Token holders are also bullish on the BRETT token for, among other reasons, that it’s on the Base chain and backed by Coinbase.
Every reason why I’m bullish on $BRETT 🫡
1. #1 Meme coin on @Base 🥇
2. Within the first 5% of people that will ever be on Base 💙 (1B users is the ultimate goal )
3. Backed by @coinbase 💙
4. Community that works tirelessly for the BAG 💰
5. Trading in the billions without… pic.twitter.com/llnFcQe9uY
— BurtsBased (@BurtsBased) July 16, 2024
Brett Price Prediction
The Brett price is trading with a bearish bias, consolidating within a falling parallel channel. However, it is nurturing a recovery rally, confronting resistance due to the channel’s upper boundary. Based on the technical indicators, the bulls could have their way, seeing as the Relative Strength Index (RSI) is above the mean level of 50.
Similarly, the Moving Average Convergence Divergence (MACD) has crossed above the signal line (orange band). This bullish crossover is often interpreted as a buy signal and could encourage more buyers to flock to the scene.
A stable flip of the channel’s upper boundary into support could set the tone for a further upside. This could be seen in the Brett price test for the $0.1703 blockade, beyond which the base-based meme coin could rally to a new all-time high above the $0.2000 psychological level.
GeckoTerminal: BRETT/USD 1-day chart
On the other hand, if the channel’s upper boundary holds as a resistance level, the Brett price could drop. Rejection from this roadblock could see the Brett price lose the support at $0.1322 or, worse, extend a leg down to the $0.1072 support. A break and close below this level in one day would invalidate the bullish thesis.
Meanwhile, new Base chain rival Base Dawgz (DAWGZ) has blasted past $2.5 million in presale as influential YouTuber Jacob Bury says it has the potential to 100X after launch.
Promising Alternative To Brett
DAWGZ powers the Base Dawgz ecosystem. While its primary home is Base, Dawgz offers a unique multi-chain experience, offering seamless interoperability within different blockchains, including Ethereum, Solana, Binance Smart Chain, and AVAX.
Base Dawgz was designed for those who crave adventure and innovation. It leverages the latest Web3 technology, including Wormhole and Portal Bridge, ensuring that users can easily soar through the decentralized world without limits.
As such, users can transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
Users can also benefit from staking, which was launched on July 4. Currently, staking in the Base Dawgz pool offers up to 1,457% annual returns (APY).
So far, about 23.3% of DAWGZ tokens have been staked. As the number of staked tokens increases, so do the returns. So investors should consider staking tokens while it’s still early and rewards remain high.
The project will also launch the “Be Social for Airdrop” campaign, which rewards users with points that can later be redeemed for $DAWGZ. To participate, users must engage with social media networks on X.
GM🌤️
X is trying to keep us on land but we will always make our way back to the skies. Reply with ‘🪂’ if you see this.
— Base Dawgz (@BaseDawgz) June 10, 2024
DAWGZ tokens are available for $0.006405 each. A price increase is coming in a little less than 7 days so buy before then to secure the best deal.
Visit and buy Base Dawgz here.
Also Read:
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- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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