Brett Price Prediction: Crypto Crash Sends BRETT Plunging Amid Panic Selling As This New Base Challenger Raises Almost $3 Million
Release: 2024/08/05 20:53 Reading: 840
The Brett price plunged by over 20% within the last 24 hours, trading at $0.07063 as of 5:20 a.m. EST, as investors sold off the meme coin.
This decline coincides with a broader market crash, during which the combined crypto market cap has plummeted by more than 13%, falling below the $2 trillion mark.
The Brett Price Nearing Another Support Loss
4-hour chart for BRETT/USD (Source: GeckoTerminal)
The Brett price is currently resting at the critical support level of $0.06945. If it closes a four-hour candle below this support within the next eight hours, the meme coin could face a further drop to $0.05679 over the subsequent 24 hours.
Conversely, if BRETT closes the next two four-hour candles above $0.06945, it may invalidate the bearish outlook. In such a scenario, the crypto could aim to recover the $0.09087 support. Breaking above this price point could provide the necessary foundation for a rise to as high as $0.11035 in the short term.
Technical Indicators Suggest Further Decline for Brett in the Next 24 Hours
Technical indicators on BRETT's four-hour chart signal a potential for continued decline over the coming 24 hours. Specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators display bearish trends.
In the past 24 hours, the RSI approached a breakout above 30 to exit oversold territory. However, sellers intervened, causing RSI readings to decline in the subsequent hours. At present, the RSI line remains negatively sloped, indicating increasing seller strength.
Meanwhile, the MACD line sits below the MACD Signal line. This configuration typically suggests a negative trend for the crypto. Moreover, the widening gap between the MACD and MACD Signal lines implies that BRETT's negative momentum is not likely to dissipate soon.
While Brett faces the risk of a decline over the next 24 hours, the ICO for the meme coin Base Dawgz (DAWGZ) has raised an impressive $2.8 million.
A Base Meme Coin with Exceptional Interoperability
Base Dawgz (DAWGZ) is a multi-chain token inspired by canine themes. While it currently resides on the layer-2 Base chain, its development team plans to deploy DAWGZ on other prominent blockchain networks, including Ethereum, Solana, Binance Smart Chain, and Avalanche.
This multi-chain presence will allow DAWGZ holders to seamlessly transfer value across some of the Web3 space's most liquid and active networks.
Base Dawgz achieves its high interoperability through integration with cutting-edge cross-chain technologies such as Wormhole and Portal Bridge.
Combining its appeal to meme coin enthusiasts with the implementation of advanced cross-chain capabilities, it's no surprise that popular YouTuber ClayBro recently featured the project and advised investors that it's "selling out fast."
Investors Rush to Acquire DAWGZ at Presale Prices
With over $2.8 million raised in its ongoing ICO, DAWGZ has demonstrated significant investor confidence in its future prospects.
This bullish sentiment is likely to persist, given the exceptional 963% APY available to early buyers. With 32% of DAWGZ's supply already staked, there remains time for investors to seize these lucrative rewards.
To participate, investors can use the straightforward buy widget on the project's website to purchase the token. DAWGZ can be acquired for $0.007061 using BASE, SOL, BNB, ETH, or AVAX.
Prospective buyers should act swiftly, as the token's price is slated to increase in just over 18 hours.
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