Solana Memecoin BRETT price rose 38.3% to hit $0.16 on January 4. Rising trading volumes and bullish-leaning technical indicators suggest more upside ahead. Will the bullish momentum drive BRETT price above the $0.25 psychological resistance?
Solana Memecoin BRETT Price Rally Seals Top 100 Status
As the global crypto markets winning start to 2025 entered its 4th consecutive day, as Solana memecoin BRETT price has delivered a remarkable double-digit growth performance.
The rising popularity of AI Agents has seen tokens like Pudgy Penguins and Fartcoin (FART) draw media attention over the past weeks. However, prominent Solana memes like BRETT have also continued to fly under the radar.
The chart above shows how BRETT price had closed trading for 2024 at $0.11. But as crypto markets 2025 resurgence began, BRETT has since climbed 38.3% to reach $0.16 mark at press time on Jan 4.
According to Coingecko data, BRETT now ranks the 94th largest crypto asset, as its market capitalization crossed the $1.5 billion mark.
BRETT Demand Spikes 86% from December 2024 lows
This signals that investors are increasingly channeling capital towards the Solana memecoin sector as crypto market sentiment recovers from the shock sell-off in the second-half of December 2024.
Affirming this narrative, on-chain trading data shows BRETT market liquidity has increased considerably since the turn of the year.
During last month’s market crash, BRETT daily trading volume fell as low as $34 million on December 26, according to Santiment data.
But as Elon Musk sparked a memecoin market frenzy with a crypto profile picture update on December 31, BRETT trading volume has since surpassed $60 million in each of the last 3 trading days. This reflects an 85% surge in BRETT from last month’s lows.
Based on these current market dynamics, Solana memecoin BRETT price paints a bullish outlook as the sustained uptrend in trading volume indicates strong market liquidity, a potential catalyst for further price appreciation.
BRETT Price Forecast: $0.25 Target in Focus
After 38% gains, BRETT price action remains bullish, with a move above the VWAP level of $0.15298, indicating strong market demand.
The Fibonacci retracement zones between $0.13 and $0.18 serve as pivotal zones for price consolidation. A close above the immediate resistance at $0.18 could signal the start of another leg-up towards the $0.25 target.
More so, the Bull-Bear Power (BBP) indicator shows positive momentum, as rising green values imply growing buying pressure aligning with the sustained rise in BRETT trading volume, observed in Santiment’s on-chain chart.
This reinforces the likelihood of a push toward the psychological $0.25 level in the coming sessions.
Conversely, a bearish outlook emerges if prices fall below the $0.14 support zone, invalidating the bullish trend and potentially triggering a retest of the $0.12 Fibonacci support level.
A break below this key support buy-wall could trigger extended downside risks.
Frequently Asked Questions (FAQs)
BRETT’s 38% price surge can be attributed to rising trading volumes, increased market liquidity, and bullish sentiment across the crypto market. Notably, the memecoin frenzy sparked by Elon Musk’s social media activity has also amplified demand for tokens like BRETT, pushing its market cap above $1.5 billion.
BRETT’s technical indicators, such as its move above the VWAP and strong support at $0.14, suggest the potential for further upside. If it breaks resistance at $0.175, the next leg-up could target $0.25. However, a drop below $0.14 could signal bearish risks and invalidate the bullish outlook.
BRETT’s trading volume has surged due to renewed investor interest following December’s market sell-off. The positive start to 2025 across global crypto markets and the growing popularity of memecoins have fueled significant capital inflows towards prominent Solana memecoins, including BRETT.
ibrahim
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/solana-memecoin-brett-price-raillies-38-to-enter-top-100-rankings/
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