Ali Martinez, a well-known cryptocurrency analyst and trader, has made a bold prediction for the altcoin BRETT, which is built on the Ethereum scaling solution Base. Martinez believes that BRETT could see a significant 57% increase in value from its current price. However, he also warns that there could be a 25% correction before any major upward movement occurs. Martinez suggests that BRETT may first fall to the support level of $0.038 before rising to $0.080.
Despite the recent cooling off of the memecoin craze, Martinez believes that BRETT on Base is gearing up for a major surge. He anticipates that before taking off, BRETT might experience a dip to the $0.038 support level, which will set the stage for a bullish breakout to $0.080.
Martinez’s analysis of the charts reveals the formation of an ascending triangle pattern in the hourly period, indicating a bullish outlook once the upper resistance level is broken. Currently, BRETT is being traded at $0.06915, showing a remarkable increase of approximately 5,865% from its low of $0.000847 on February 29.
Moving on to Bitcoin, Martinez predicts a potential surge of around 9% from its current level if it can maintain support above a key psychological level. His analysis of the charts also indicates a breakout of a bull flag formation on the 4-hour Bitcoin timeframe. According to Martinez, if Bitcoin continues to find support above $70,000, it could reach a new all-time high of $77,000, presenting an opportunity for investors to capitalize on the positive momentum.
Martinez’s analysis reflects a sense of cautious optimism in a market characterized by volatility and speculative trading. While the memecoin frenzy may be declining, there are still possibilities 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 can maintain crucial support levels, its potential breakout signifies a resurgence in investor confidence and the possibility of reaching new heights.
In other news, CoinW, a leading global cryptocurrency trading platform, has added BRETT tokens to its Meme Zone. This development allows CoinW users to trade with the BRETT/USDT trading pair. BRETT is a prominent meme coin on the Base Chain, represented by the symbol BRETT. The token has garnered significant attention in the cryptocurrency world and features the popular character BRETT, Pepe’s best friend. The inclusion of BRETT on CoinW marks a significant milestone for the project and its supporters, with over 20,000 addresses already in circulation.
This listing demonstrates CoinW’s commitment to providing users with access to innovative projects in the crypto space. Recent market data shows that BRETT has surged by over 2,500% in the past month alone. With a trading volume of 5.142M, BRETT has substantial potential for further expansion, a trend that is expected to continue throughout 2024.