Can Brett (BRETT) Maintain Its Uptrend?
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The price of the Base-based meme coin Brett (BRETT) surged by 36% in the past 24 hours after being listed on the leading South Korean cryptocurrency exchange Upbit on Tuesday.
At press time, the token is trading at $0.10 and appears positioned for further gains.
Brett Rally is Supported by Strong Buying Pressure
BRETT’s 36% price rally has been accompanied by a surge in trading volume, reaching $66 million as of this writing — a 193% increase in the past 24 hours.
When both price and trading volume spike together, it typically signals strong market activity and genuine interest in the asset. This suggests that the price rally is supported by market demand rather than speculative trading alone.
Further confirming the increased demand for BRETT, its Relative Strength Index (RSI) is trending upward and is close to breaking above the neutral 50 line. As of this writing, the RSI stands at 49.39, indicating growing bullish momentum.
This indicator measures an asset’s oversold and overbought conditions. As BRETT’s RSI trends upward toward the 50 line, it indicates that the meme coin’s price is gaining momentum and that selling pressure is easing.
If the RSI successfully crosses above 50 and maintains its upward trend, it reinforces the bullish signal, indicating increasing buying pressure.
Additionally, the token’s Chaikin Money Flow (CMF) is currently above the center line at 0.04. The CMF tracks the flow of money into and out of an asset, and a value above zero suggests market strength, indicating a liquidity inflow.
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