BRETT soars to new ATH, enters top 60 list: Exchange listings next?
- BRETT clocked a brand new excessive as the value regained bullish momentum after a bullish flag.
- Why it could possibly be due for extra upside in December and a push into the highest 50.
The Brett [BRETT] memecoin simply kicked off December on a bullish word that would probably see it surge into the highest 50 cash by market cap.
The memecoin’s value motion simply pushed into a brand new ATH, however can it maintain this momentum into 2025?
BRETT was up by over 11% within the final 24 hours on the time of writing. It peaked at $0.22, which marked a brand new historic excessive for the memecoin.
This efficiency was courtesy of the strong bullish momentum that BRETT achieved in November.
The memecoin concluded the month with a 164% upside over the last 4 weeks. It’s price noting that the bulls went on recess from mid-November to the twenty ninth of November, forming a bull flag.
Its efficiency within the final two days confirmed a bull flag sample breakout, paving the way in which for an additional rally.
Supply: TradingView
The bullish flag breakout signaled that BRETT could possibly be on the verge of an total bullish December — a pattern that would probably escalate additional if the memecoin rolls out on Coinbase and Binance.
BRETT joins the highest 60 cryptos by market cap
BRETT’s current liquidity inflows allowed its market cap to soar to $2.21 billion. Because of this, it held the 60th place on CoinMarketCap.
This was a formidable feat, contemplating that it’s yet to be listed on the largest crypto exchanges.
Binance and Coinbase listings may occur additional down the highway, through which case they are going to unlock extra liquidity for the memecoin. This consequence may propel BRETT properly into the highest 50 listing.
Is BRETT liable to brief time period promote stress? The memecoin was extraordinarily overbought on the time of commentary, elevating the possibilities of a possible pullback.
Nevertheless, for now, the bullish flag underscores extra potential upside than draw back.
BRETT demonstrated sturdy demand from the derivatives section. The memecoin’s Open Curiosity soared to $140.94 million within the final 24 hours, attaining a brand new ATH.
Supply: Coinglass
The surge in Open Curiosity might have additionally included shorts. For instance, shorts accounted for 51% of the entire positions, whereas longs accounted for 48.9% within the final 24 hours.
Learn Brett’s [BRETT] Value Prediction 2024–2025
This meant that bearish expectations had been on the rise with the current new highs.
The surge in brief positions additionally point out that brief liquidations could also be fueling extra upside. Greater than $560,000 price of brief liquidations occurred within the final 24 hours. Lengthy liquidations solely amounted to $255,000.
