• BRETT has overtaken Bonk to achieve 57th place on CoinMarketCap with a market cap of $1.459 billion.
• The Kraken itemizing has seen BRETT rise 12% and is at the moment at $0.1473 with a 24-hour buying and selling quantity of $98 million.
• Technical indicators are pointing to constructive sentiment and capital inflows in direction of BRETT.

The meme coin market is in upheaval, with BRETT, a token on the Base blockchain, rising to 57th place on CoinMarketCap’s market cap rankings, surpassing Solana-based meme coin Bonk ($BONK).

Brett's speedy progress

BRETT's latest surge follows its itemizing on the Kraken cryptocurrency trade. After this vital occasion, BRETT's worth elevated by greater than 12% and has now reached a worth of $0.1473. On the similar time, BRETT's market capitalization has risen to $1,459,312,562.

BRETT/USD 1-day chart (Supply: CoinMarketCap)

This upward development has been additional strengthened by a 36% enhance in 24-hour buying and selling quantity, which now stands at $98,138,009. Previous to its itemizing on Kraken, BRETT was already buying and selling on a number of main exchanges, together with Bitget, Bitmart, Kucoin, and Gate.io. BRETT's availability on these platforms is probably going contributing to its reputation and rising market presence.

Different memecoin market indicators

Along with BRETT's spectacular efficiency, different meme cash corresponding to Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB) and Floki ($FLOKI) are additionally experiencing bullish indicators. Regardless of solely modest worth positive factors, these tokens proceed to carry sturdy positions available in the market, signaling the potential for additional restoration and progress.

On the time of writing, meme cash have a staggering mixed market capitalization of $47 billion, reflecting a vibrant and energetic section of the general cryptocurrency business.

BRETT FACES RESISTANCE: WILL THE BULLS PREVAIL?

On the 4-hours chart, BRETT token is going through potential resistance close to the $0.16148 mark. If the bullish momentum continues, BRETT might rise above this degree, indicating sturdy constructive sentiment, propelling the token in direction of its all-time highs and even above it to achieve a brand new peak.

BRET/USD 4-hour chart (Supply: Buying and selling View)

Conversely, if the resistance proves too sturdy, the token’s worth might retreat to the 50% Fib retracement degree at $0.13267 after which drop additional to the day’s low of $0.1171, under which it might sign a transparent bearish flip and the token might fall to its June low of $0.06924.

On the technical entrance, the Relative Energy Index (RSI) is at 52.46, suggesting that bulls have the higher hand and have room to push costs larger earlier than reaching an overbought situation. Complementing this, the Chaikin Cash Move Index is at 0.18, indicating constructive capital inflows.

BRET/USD 4-hour chart (Supply: Buying and selling View)

This means a strong influx of funds that would increase the token's upward trajectory. If sustained, this monetary dynamism means that we will count on a short-term upswing for the BRETT token.