$BRETT BRETT, which has increased by 63.24% in the last week, is rapidly advancing towards becoming the most popular memecoin on the Base network by attracting attention. This rise in a short time has ignited a bull rally in the altcoin market. Analysts predict that BRETT will increase by 29.46% and reach $0.19550. However, it is emphasized that in order to reach these levels, the pair must overcome two critical resistance levels. The first hurdle is at $0.15030. After this level is overcome, the $0.17160 level will be the next important resistance point for BRETT. If BRETT cannot break through the first resistance of $0.15030, the possibility of the price falling back to the range of $0.13474 and $0.11912 may also be on the agenda.
On-chain data paints a positive picture for BRETT. This data points to the potential for the memecoin to rise to $0.195. The Open Interest (OI) volume in the pair has increased by 58.26% in recent days, reaching $72.73 million. This increase indicates increased trading activity in the BRETT market and optimism in investor sentiment. High OI levels indicate an increase in long positions in derivatives markets such as futures.
In addition, BRETT’s long-short ratio remains at 1.0032. This ratio indicates that long positions are dominant over short positions and is signaling bullish momentum in line with the price increase. This increases the potential for further price upside.
Another striking factor is the intense interest and demand for memecoins. Especially the high transaction volume on the Solana network is considered a positive development for BRETT. If the memecoin trend continues, BRETT can be expected to reach higher levels.