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- BRETT leads the top gainer list, driving a bullish trend in the memecoin sector.
- Analysts see significant potential for BRETT’s price rally, mirroring the patterns of other tokens.
Brett, a meme token, has once again attracted investor interest with its stellar performance, topping the list of top gainers among 100 major cryptocurrencies on CoinMarketCap, indicating a bullish push in the memecoin sector.
According to the most recent data, BRETT is trading around $0.1524, representing a significant 13.22% increase over the last 24 hours. Additionally, its daily trading volume has increased by 27.43% to $50.8 million. This upward movement builds on its impressive performance over the previous week, indicating a bullish position.
Analyst Predicts Strong Rally for BRETT
Crypto analyst Mac sees the potential for an even bigger rally, with the BRETT price poised to break through the trendline after recovering from a corrective movement on its daily chart. According to Mac, the price pattern of BRETT mirrors that of SOL, MUMU, and PEIPEI, indicating that all three tokens have the potential for a rally too.
$BRETT about to break out, same structure as $SOL, $MUMU, $PEIPEI
Every meme looks so primed right now honestly,
keep it simple pic.twitter.com/WfsYA6sSEm
— Mac 🐺 (@MacnBTC) July 20, 2024
In our previous report, popular on-chain analyst Ali Martinez identified BRETT’s significant upward potential, predicting that its price could rise by more than 300%. Ali attributes this bullish potential to the possibility that BRETT will break out of a bull flag pattern.
Furthermore, we previously highlighted potential surges for several tokens in July, including BRETT, KAS, BNB, and PENDLE. Among these, BitMEX co-founder Arthur Hayes has identified PENDLE as a token with significant long-term potential.
The consistent upward trajectory of BRETT, as well as the optimistic outlooks of various analysts, demonstrate the crypto community’s growing interest and confidence in meme tokens. As the market evolves, investors remain vigilant, looking for opportunities in these promising tokens.
