The Next Big Thing: Memecoin’s 5,800% Surge in One Month Signals ‘Epic Sprint’, Says Trader

• Cryptocurrency analyst Ali Martinez predicts a 57% surge for BRETT on Base, with a possible 25% correction beforehand.

• Bitcoin might see a 9% increase if it maintains support above $70,000, possibly reaching a new all-time high of $77,000.

Ali Martinez, a prominent cryptocurrency analyst and trader, has outlined a bullish outlook for altcoin BRETT, built on the Ethereum scaling solution Base. Martinez projects a possible 57% increase in value for BRETT from its current price. While expressing optimism, he also warns that a potential 25% reversal could precede any major upward momentum. Martinez indicates that BRETT is poised for a bullish breakthrough and may first fall to the $0.038 support level before rising to $0.080. 

The #memecoin craze might seem to be cooling off, but I believe it's just warming up. $BRETT on #Base is one of those that is gearing up for an epic sprint!

Before soaring, #BRETT might dip to the $0.038 support, setting the stage for a bullish breakout to $0.080!

Looking to… pic.twitter.com/UIgpIY2Ozi

— Ali (@ali_charts) March 28, 2024

Martinez’s analysis of the charts reveals the emergence of an ascending triangle pattern in the hourly period, indicating a bullish outlook following the breakdown of the upper resistance level. Currently, BRETT is trading at $0.06915, exhibiting a noteworthy rise of approximately 5,865% from its February 29 low of $0.000847.

Bitcoin Breakout: Potential for New All-Time High

Martinez shifts focus to Bitcoin (BTC), the leading cryptocurrency, predicting a potential surge of approximately 9% from its current level if it holds above a key support and psychological level. Additionally, Martinez’s analysis of the charts shows a breakout of a bull flag formation on the 4-hour Bitcoin timeframe. According to him, if Bitcoin keeps finding support above $70,000, it may shoot up to a new all-time high of $77,000, giving investors a chance to profit from the positive momentum.

#Bitcoin appears to be breaking out of a bull flag on the 4-hour chart! If $BTC holds above $70,000, we could see a surge of nearly 10% to a new all-time high of $77,000! pic.twitter.com/MPVB70p9DU

— Ali (@ali_charts) March 28, 2024

Martinez’s analysis reflects a sentiment of cautious optimism amidst a market landscape characterized by volatility and speculative trading. Although it seems like the memecoin frenzy is declining, traders looking to make quick gains still have possibilities to seize. Although there has been short-term volatility, BRETT’s integration with Base, an Ethereum scaling solution, lends credibility to its long-term potential. Comparably, if crucial support levels are upheld, Bitcoin’s possible breakout represents a resurgence of investor confidence and the cryptocurrency’s potential to reach new heights.

CoinW Lists BRETT Tokens in Meme Zone

CoinW, the leading cryptocurrency trading platform globally, has added BRETT tokens to its Meme Zone. This development enables CoinW users to trade with the BRETT/USDT trading pair.

BRETT stands as a leading meme coin on the Base Chain, represented by the symbol BRETT. The token has received a lot of attention from the cryptocurrency world and depicts the well-known character BRETT, Pepe’s best friend. BRETT’s inclusion on CoinW marks a great milestone for the project and its supporters, with over 20,000 addresses already circulating. 

This listing reinforces CoinW’s commitment to providing users access to innovative projects within the crypto space. In recent market data, Brett has surged by more than 2,500% in the past month alone. Brett currently holds a trading volume of 5.142M, indicating substantial potential for further expansion, a trend expected to continue throughout 2024.