Brett attracted attention with a 63.24 percent increase in the last week.
#BRETT , the most popular memecoin on the Base network, ignited the bull run with its short-term rise. Analysts expect BRETT to reach 0.19550 with a 29.46 percent increase.
However, for this rally to occur, the pair must overcome two critical resistance levels. The first resistance level is $ 0.15030. After this resistance, it will be important to overcome the $ 0.1716 level. If BRETT cannot overcome the first resistance of $ 0.15030, the price may retreat towards the $ 0.13474 and $ 0.11912 band.
Is the status of onchain data for BRETT shown?
Onchain data offers a positive outlook for BRETT. This data indicates that the popular memecoin will reach 0.195. According to the update, the Open Position (OI) volume in the pair increased by 58.26 percent to 72.73 million. The data in question reveals increasing activity and progress in the pair. High OI usually indicates an increase in long roles in derivative contracts such as rollover transactions.
In addition, the long-short ratio of the popular memecoin remained at 1.0032. This ratio shows the superiority of long positions over short positions. This trend, which is in line with the price increase, generally signals an ongoing bullish momentum.
Another critical point is the demand for identity information for memecoins. In particular, billions of dollars of transaction volume are circulating daily on the Solana network. The increasing volume with the memecoin craze gives positive signals for BRETT. If the memecoin trend continues, even higher levels can be targeted in BRETT.
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