Brett rallies after massive sell-off in the crypto market

in #bybit4 days ago

Brett memecoin is one of the top leaders in the memecoin top 100 by marketcap.

BRETTUSDT.P_2024-08-06_10-35-42_c174f.png

Brett is leading the market gains at least 30% spike in the past 24 hours. The price recovery of Brett is part of a larger market recovery after Btc price rose after went below 50k. Brett price increase is part of the rally by Ethereum based memecoins. The reduced selling pressure of Ethereum by Grayscale has also led to an increase the prices of Eth based memecoins.

Screenshot 2024-08-06 at 10-59-34 (1) $Brett thread - Search _ X.png

Despite $Brett price falling the last few days X users are still bullish on Brett and writing threads that show that they are bullish on Brett.

Screenshot 2024-08-06 at 11-00-03 (1) $Brett thread - Search _ X.png

Some users are also bullish on Brett looking at its marketcap which shows that it has more room to grow in price and marketcap.

BRETTUSDT.P 1h_2024-08-06_11-08-47_722d7.png

On the 1 hour timeframe Brett price looks bullish and could increase in price if the price closes above the cloud and the lagging span crosses above the cloud. If the price of Btc doesnt dump too hard taking the rest of the market with it the price of Brett could rise to 0.13662 and above.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 60675.01
ETH 2605.91
USDT 1.00
SBD 2.64