- Brett bounced 50% following Binance and Upbit’s announcements regarding its listings.
- A breakout was imminent as a wedge pattern constricts prices into a tight zone.
There was excitement in the Brett [BRETT] memecoin community courtesy of favorable announcements from Binance [BNB] and South Korean exchange Upbit.
The announcements confirmed that things are unfolding in BRETT’s favor, as it journeys towards becoming a mainstream memecoin.
Binance announced plans to roll out Brett perpetual contracts on Binance Futures. The offering will include margin with as much as 50X leverage.
This will facilitate more exposure to Brett within the Binance ecosystem.
Similarly, Upbit, the largest crypto exchange in South Korea, announced that Brett was now available for trading with the USDT pair. This will be supported on the Base and Ethereum chains.
Excitement in BRETT’s price action
The news of BRETT’s availability on two of the largest crypto exchanges in the world triggered some excitement in the market.
The memecoin jumped from $0.077, its lowest price in the last 24 hours, to a high of $0.1167. The highest price tag in the last 24 hours as per the time of writing. This was slightly over 50% upside.
Source: TradingView
The excitement was short-lived, however, as prices pulled back to a $0.093 press time at the time of writing.
The pullback may not necessarily be as very exciting because it signals that BRETT bulls might not yet be ready to dominate.
However, there are a few observations to note, that may point towards an interesting potential outcome.
BRETT has been trading in a wedge pattern, and was getting closer to the squeeze zone where it will be forced to break out or break down.
Its press time price tag represented a healthy 52% discount from its highest price in June, an exciting opportunity for those looking for a coin with a lot of upside potential.
The Binance and Upbit listings may provide the liquidity necessary to support a strong bullish outcome. BRETT could also be the next memecoin to cross into the $1 billion and above market cap bracket.
This high valuation may further solidify BRETT’s bullish bid.
BRETT’s latest rally in the last 24 hours resulted in a brief push above $1 billion marketcap. At press time, levels had retreated to $918 billion.
Source: CoinMarketCap
Read Brett’s [BRETT] Price Prediction 2024-2025
The attention that BRETT is receiving from major exchanges suggests that it should be an interesting memecoin to watch in the next few months.
Will it join the ranks of top memecoins such as Shiba Inu [SHIB] and Dogecoin [DOGE], which have billions in market cap? Only time will tell.
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