Cryptocurrency analyst Ali Martinez has made a bold prediction for the altcoin BRETT on Base, stating that it could experience a 57% surge in value. However, Martinez also warns that there may be a 25% correction before this upward momentum occurs. According to Martinez, BRETT is likely to fall to the $0.038 support level before rising to $0.080. Martinez believes that the #memecoin craze is just getting started and that BRETT on Base is gearing up for an impressive sprint.
Martinez’s analysis of the charts reveals the emergence of an ascending triangle pattern for BRETT, indicating a bullish outlook after breaking through the upper resistance level. Currently, BRETT is trading at $0.06915, a significant increase of approximately 5,865% from its low of $0.000847 on February 29.
Turning the attention to Bitcoin, Martinez predicts a potential 9% surge if it maintains support above $70,000. He also identifies a breakout of a bull flag formation on the 4-hour Bitcoin timeframe. If Bitcoin continues to find support above $70,000, Martinez believes it could reach a new all-time high of $77,000, providing an opportunity for investors to profit from the positive momentum.
Martinez’s analysis reflects cautious optimism in a volatile and speculative market. Although the memecoin frenzy may be subsiding, there are still opportunities for traders to make quick gains. The integration of BRETT with Base, an Ethereum scaling solution, adds credibility to its long-term potential. Similarly, if Bitcoin maintains crucial support levels, it signifies a resurgence of investor confidence and the cryptocurrency’s potential to reach new heights.
CoinW, a leading cryptocurrency trading platform, has listed BRETT tokens in its Meme Zone. This allows CoinW users to trade the BRETT/USDT trading pair. BRETT is a meme coin on the Base Chain, represented by the symbol BRETT, and features the popular character BRETT, Pepe’s best friend. The listing on CoinW is a significant milestone for the project, with over 20,000 addresses already circulating. CoinW’s inclusion of BRETT reinforces its commitment to providing users with access to innovative projects in the crypto space. BRETT has seen a surge of over 2,500% in the past month alone and currently has a trading volume of 5.142M, indicating the potential for further expansion in 2024.