Brett price has done well in the past few weeks as it jumped to a record high of $0.1960 on June 9th. At its highest point, $BRETT was up by more than 770% from its lowest level this year, making it one of the best-performing digital assets in the world.
Base Blockchain’s leading meme coin
Base Blockchain has become one of the fastest-growing blockchain networks this year. Launched by Coinbase in 2023, the network has gained popularity among developers now building all types of applications. Data shows that its applications have a Total Value Locked (TVL) of over $1.56 billion.
Base Blockchain has proven to be a fertile ground for meme coin developers, with Brett emerging as a standout success. Brett, now the largest meme coin on the network, has experienced a meteoric rise, catapulting its market cap to over $1.5 billion. This surge in value has propelled Brett to the seventh position among the world's top meme coins, trailing only Floki, Bonk, Dogwifhat, and Pepe.
Brett's popularity has been further bolstered by its recent listings on multiple exchanges. This week, it made its debut on BSX, an emerging exchange that offers users the opportunity to trade with up to 3X leverage. Additionally, it secured a listing on Hyperliquid, a platform that provides up to 5x leverage, further expanding its reach.
Uphold also listed Brett and is in the process of reaching a deal with Travala, a leading hotel and airline booking platform. This collaboration will allow users to pay for travel using the Brett token.
Brett's token has also done well, and the number of holders has jumped. Data by BaseScan shows that there are now over 320k holders who want to benefit from the tokens surge.
Most importantly, traders hope that Brett will continue growing its market share, mirroring the performance of other meme coins. Shiba Inu is the most significant token in the Ethereum network, while Dogwifhat is the biggest name in Solana.
Brett price forecast
The 4H chart shows that the BRETT token has been in a strong bullish trend in the past few weeks. It jumped from a low of $0.022 in April to almost $0.2 this week. Recently, however, the token has found a barrier and formed what looks like a head and shoulders chart pattern. In price action analysis, this is one of the top reversal patterns in the market.
Brett has also moved slightly below the Woodie pivot point. On the positive side, it has remained slightly above the 50-period moving average. Therefore, the token’s outlook is bearish for now as it could come under pressure as some holders take profit. If this happens, it could drop to the first support at $0.1195.
On the flip side, a move above the head section will point to more upside by invalidating the head and shoulders pattern. This will open the possibility of the token rising above $0.200.
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