- BRETT token surges over 200%, forming a bull flag pattern.
- Ali Martinez predicts a 300% rise for BRETT if it closes above $0.15.
The world of meme tokens is resurging, with BRETT having increased by more than 200% since it was launched. This amazing success has piqued the interest of noted on-chain expert Ali Martinez, who published his technical analysis of BRETT.
Martinez emphasized that the coin is building a bull flag pattern on its daily chart, which is a strong bullish indicator.
#BRETT looks to be forming a bull flag on the daily chart! A sustained close above $0.15 could potentially propel $BRETT by 300% to $0.63.
Want to join the trade? Sign up at @coinexcom using my referral link: https://t.co/73n8mWavUX. pic.twitter.com/01BQO8RdTo
— Ali (@ali_charts) July 15, 2024
Martinez Predicts 300% Surge for BRETT with Bull Flag Pattern
According to Martinez, if BRETT sustains a close above $0.15, it might increase by 300% to $0.63. In the trading market, a bull flag pattern is commonly employed to identify purchasing opportunities within an upswing.
This pattern comprises a sharp price increase, known as the flagpole, followed by a period of stabilization, forming the flag shape, before the price resumes its upward journey.
As of this writing, BRETT is trading around $0.1412, up 0.51% over the last 24 hours. The token’s daily trading volume is an astounding $41.54 million, demonstrating its growing popularity and investor interest.
Previously, we highlighted Mog Coin, another growing meme coin that gained traction following the attempted assassination of Donald Trump. During that moment, MOG’s price increased by more than 20%, coinciding with the publication of a meme image featuring Trump wearing the token’s iconic glasses.
Furthermore, CNF reported that the value of PEPE increased by more than 23% when venture capital firm Nascent acquired 141 billion PEPE tokens. This large acquisition by Nascent has clearly increased investor confidence in PEPE, driving up its price.
The meme token market remains lively and volatile, with new opportunities and trends emerging quickly. Investors are closely monitoring tokens such as BRETT, MOG, and PEPE as they negotiate the complex terrain of crypto trading.
