Brett is up 162%, but is it worth holding?
Brett (base) has been the talk of the crypto world. It rose 162 percent in just two weeks, which caught everyone's attention. But things have recently taken a turn for the worse. After trying to break the all-time high, the price failed to break through. Still, the coin's market cap is close to $1.7 billion, and optimism isn't fading. Is this just a pause before the next rally?
How is the price holding up?
At $0.1778, Brett (BASED) is still doing well despite some ups and downs. The trading volume recently decreased by 24.76%, now it is set at 185.4 million dollars. Despite that dip, the price showed a 6.07% increase.
Moving averages:
The token is trading above the 50-day SMA ($0.0972) and above the 200-day SMA ($0.0892). That's a strong sign that the overall trend is still bearish.
RSI and ADX:
The RSI for the Brett chart has cooled from a warm 79.74 to a healthy 66.58. It's still in bullish territory but less extreme. Meanwhile, ADX 54.09 points to strong momentum.
Next target:
Experts are looking at $0.25 as the next big price level. It is now a 52% jump from where it stands.
Also read: XRP Price Rise Explained: Will the Rally Continue After 111% Jump? ,
Brett got the hype
Brett (base) is not just another meme coin. Inspired by the Boys Club comic, it combines pop culture with DeFi. As part of Base Chain, it is growing rapidly. It acts as a recommendation tool and a management token, adding real utility.
But not without risks. The liquid isn't locked in, which makes long-term holdings a bit uncertain. Some experts think that recent price increases may be overstated, urging caution for new investors. A sharp rise in the coin could indicate future corrections, so careful planning is key.
What is expected?
There is buzz about the Coinbase listing, which could send prices soaring again. But now the market can take a breather and consolidate before its next big move. Can Brett (base) break through and set new records? Only time will tell, but for now it remains to be seen.
