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The Brett price has surged 182% in the past month to trade at $0.139 as of 6.30 a.m. EST.
That made it the top gainer among the biggest 100 cryptos by market capitalization over the period, according to Crypto Bubbles
Brett Price Prediction: Will We See Another Pump?
An in-depth analysis shows that the chart shows a falling wedge pattern, typically considered a bullish reversal. On the other hand, the price appears to have broken out of the falling wedge pattern, which is a bullish sign.
Looking at other technical indicators, the Money Flow Index (MFI) is currently 41.13. The MFI is below 50, suggesting that the price is not yet overbought territory, but the money flow is relatively weak.
On the other hand, the Awesome Oscillator (AO) has a current value of -0.00303. The AO is slightly negative, indicating that bearish momentum might be decreasing and a possible shift to bullish momentum is underway.
The price has broken out of the falling wedge pattern, a bullish signal. A continued upward movement with increasing volume would confirm the breakout.
The target area indicated by the dotted line suggests a potential upward movement. The exact target is not shown, but typically, the height of the wedge could be used to estimate the target price. If the price fails to sustain above the upper resistance line of the wedge and falls back inside the pattern, it would invalidate the bullish reversal.
4-hour Brett/USDT Chart | Source: TradingView
If the MFI continues to stay below 50 and the AO remains negative, it could suggest that the bullish momentum is not strong enough to sustain the breakout. The chart indicates a bullish reversal with the breakout from the falling wedge pattern.
However, confirmation with increased volume and a positive shift in the technical indicators (MFI above 50 and AO turning positive) would strengthen the bullish outlook.
Base Dawgz Presale Closes On $2 Million
As traders wait for clearer signals on the BRETT price, some may want to consider as an alternative Base Dawgz (DAWGZ), a brand new meme coin on the Base chain that has surged to within a whisker of $2 million in funds raised.
Base Dawgz (DAWGZ) is a meme coin inspired by the spirit of base jumping and the cultural phenomenon of the Shiba Inu meme. The base jumping part is why DAWGZ says it’s for those “who crave adventure and innovation.”
It is also among a select few meme coins with cross-chain functionality. While the layer-2 network Base serves as its home, investors may transact with the token on some of the busiest and most liquid Web3 networks.
Apart from Base, the supported networks are Solana, Ethereum, BNB Chain, and Avalanche. As a result, investors may transfer wealth across various networks with ease via Wormhole’s highly developed and safe cross-chain technology.
One exciting development for the project is a plan for an upcoming staking function. Buyers of presale tokens will be eligible for a retroactive bonus if they stake their tokens after staking is launched.
The team has reserved 20% of the token supply for staking.
YouTuber and crypto expert ClayBro thinks DAWGZ can make people millionaires.
DAWGZ tokens are priced now at $0.00527 each. If you are attracted to the project, buy soon because a price increase is coming in slightly more than two days.
Buy DAWGZ tokens on the official website here.
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