Meme Coins Rally as Dogecoin, Brett See Gains, and New ICO Raises Over $1M
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The crypto market has turned green this week, and meme coins are leading ahead. Dogecoin and Brett are two of the biggest gainers, with 5.5% and 7% pumps on the day. Meanwhile, the presale token Crypto All-Stars looks bullish as its raise surpasses $1 million.
DOGE and BRETT Rise On Market U-TurnTraders have breathed a sigh of relief this week as asset prices began to rise, toppling last week’s bearish momentum.
The weekly open for the crypto and global equities markets was bullish, and this continued into the early hours of Tuesday.
The crypto market is green, and U.S. stock indexes booked gains yesterday. For instance, the S&P500 is up 1.16%. Meanwhile, Asian markets opened green on Tuesday, with the Japanese Nikkei 225 up .2% in the first two hours of trading.
Yet, the crypto market is outperforming with a 2.6% rally in the past 24 hours.
This is standard practice in bullish conditions – traders gravitate to higher-risk assets to capitalize on the positive momentum.
So, it’s no surprise that meme coins are some of the biggest gainers in crypto. Heading the way are Dogecoin and Brett, with 5.5% and 7% pumps, respectively.
Currently, Dogecoin is trading at $0.1024, up 5.5% and 2.6% this week. Its weekly performance is significant since it cancels out the strong bearish momentum we saw into Friday.
Can Dogecoin’s rally continue? Ali Martinez notes that its recent bounce is occurring on the support of a falling wedge, which is a bullish chart pattern.
“A sustained close above $0.10 could spark a bullish run to $0.15,” he wrote.
https://twitter.com/ali_charts/status/1833032677475147849
Yet it’s the Base-native meme coin Brett booking the bigger gains on the day. It is currently trading at $0.07744, up 7% today and at breakeven this week. Like Dogecoin, Brett has shown strength from last week’s upset, indicating that further gains could be on the horizon.
Bulloro suggests Brett is also trading inside a falling wedge and forecasts it will reach $0.3 within 60 days. The analyst also looks at higher-time-frame gains, predicting it will reach $1 this cycle.
$BRETT just bottomed out and started its path to $0.3 which will happen in less then 60 days from now
Then small correction and $1 will happen before January
After January some consolidation then moon up to $8-15$
Do not FADE $BRETT, follow this projection 