Cardano

Base

when

Polygon

Avalanche

<p class="is-style-lead">Brett, the biggest meme coin in the Base Blockchain, rose by over 12% on Friday as sentiment in the crypto and stock industries improved.</p> 
<p>Brett (<a href="https://crypto.news/price/brett/" target="_blank" rel="noreferrer noopener">BRETT</a>) token rose to $0.133, up 31% from its lowest swing this month. Some traders believe that the meme coin has more upside going forward.</p> 
<h2 class="wp-block-heading" id="analyst-is-bullish-on-brett">Analyst is bullish on Brett</h2> 
<p>In an X post, Michael van de Poppe, a trader with over 721,000 followers, noted that he was optimistic that the token would rise to $0.1712, a 30% increase from Friday’s trading level.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I've long been a day trader, and memes are great for that perspective.<br><br>A ton of volume.<br>And there is a ton of volatility.<br><br>When it comes to <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BRETT</a>, I'd like to search for longs here from this area at $0.125-0.1325 to $0.170 as a clear identification for a potential upward run. <a href="https://t.co/hWmSjCZGJa" target="_blank" rel="">pic.twitter.com/hWmSjCZGJa</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1816775478046298581?ref_src=twsrc%5Etfw" target="_blank" rel="">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>If he is correct, Brett’s market cap will pass Floki (<a href="https://crypto.news/price/floki/" target="_blank" rel="noreferrer noopener">FLOKI</a>), which has a market cap of $1.7 billion.&nbsp;</p> 
<p>Brett’s rebound happened as the Bitcoin 2024 conference kicked off today. In a statement at the event, Robert Kennedy, an independent presidential candidate, noted that he was a big supporter of Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>).</p> 
<p>The event’s main headliner will be Donald Trump, who is leading in most polls, <a href="https://crypto.news/trumps-presidential-odds-soar-to-all-time-high-on-polymarket-following-assassination-attempt/" target="_blank" rel="noreferrer noopener">including in Polymarket</a><strong>. </strong>Trump is expected to reiterate his support for cryptocurrencies. Analysts are torn about whether he will announce a Bitcoin reserve at this event.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/trump-strategic-bitcoin-reserve-unlikely/"> Polymarket: Trump announcing a strategic Bitcoin reserve unlikely </a> </p> 
<h2 class="wp-block-heading" id="base-blockchain-is-doing-well">Base Blockchain is doing well</h2> 
<p>Brett token also rallied as the Base blockchain ecosystems continued doing well. Launched in 2023 by Coinbase, Base has accumulated over <a href="https://defillama.com/chain/Base" target="_blank" rel="">$1.6 billion</a> in DeFi assets, making it the 6th biggest chain in the industry. It has passed popular networks like Cardano (<a href="https://crypto.news/price/cardano/" target="_blank" rel="noreferrer noopener">ADA</a>), Avalanche (<a href="https://crypto.news/price/avalanche/" target="_blank" rel="noreferrer noopener">AVAX</a>), and Polygon (MATIC).</p> 
<p>At the same time, Brett and other altcoins jumped as the US stock market rebounded, signaling that investors have embraced a risk-on sentiment. The Dow Jones index rose by over 600 points, while the S&amp;P 500 and Nasdaq 100 jumped by over 80 basis points.&nbsp;</p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14287494"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/Brett-Price.png.webp"> 
  <img loading="lazy" decoding="async" width="3574" height="1986" src="https://crypto.news/app/uploads/2024/07/Brett-Price.png" alt="Brett price"> 
 </picture> 
 <figcaption class="wp-element-caption">
  Brett price chart | Source: <a href="https://www.tradingview.com/symbols/BRETTUSDT/?exchange=BYBIT" target="_blank" rel="">TradingView</a>
 </figcaption>
</figure> 
<p>Technically, Brett has formed a morning star pattern, which is a popular reversal sign. In the past, the token rose by double-digits when it formed this pattern. For example, it formed on July 12 and then rose by 40%.&nbsp;</p> 
<p>On the flip side, this rebound could be a dead cat bounce, where an asset rises briefly and then resumes the bearish trend.</p> 
<p> You might also like: <a href="https://crypto.news/coinbase-stock-price-is-rising-aug-1-will-be-crucial/"> Coinbase stock price is rising; Aug. 1 will be crucial </a> </p>

Brett token price rises 12%; analyst sees another 30% upside

Table of Contents

crypto.news

Other articles published on Jul 26, 2024

Apu Apustaja Price Prediction: APU Is Top Meme Coin Gainer With 19% Pump And This Might Be The Ne...

When Will Spot ETH ETFs Be Allowed to Start Staking?

Jersey City Pension Fund Embraces Bitcoin ETF Investments

Kennedy Jr. Proposes $615 Billion Bitcoin Investment Post Election Win

Sorta Finance Likely Planning Exit Scam on Arbitrum, Warns ZachXBT

BOOK of Meme Investors Look to MOONHOP’s 100x ROI for Significant Gains Escaping BONK Price Volat...

Join our free newsletter for daily crypto updates!