Brett Price Prediction: BRETT Plummets 8% As This New Solana Meme Coin ICO Blasts Past $7.1 Million

The
Brett
price
plummeted
more
than
8%
in
the
last
24
hours
to
trade
at
$0.116
as
of
10:03
a.m.
EST
as
investors
dump
their
holdings
in
the
Base
meme
coin
on
the
market.

The
24-hour
loss
suffered
by
the
BRETT
price
pushed
the
crypto’s
weekly
performance
deeper
into
the
red
zone.
As
a
result,
the
meme
coin
is
down
more
than
12%
over
the
last
7
days.

Brett
Price
Approaching
A
Key
Support

4-hour
chart
for
BRETT/USD
(Source:

GeckoTerminal)

The
Brett
price
has
collapsed
toward
the
support
at
$0.1123
in
the
last
24
hours,
according
to

GeckoTerminal
data.
Should
it
break
below
this
technical
safety
net
in
the
coming
12
hours,
the
meme
coin
might
stand
the
risk
of
plunging
all
the
way
down
to
$0.0898. 

Conversely,


BRETT

maintaining
a
position
above
the
$0.1123
support
for
the
next
12
hours
could
invalidate
the
bearish
thesis.
In
this
alternative
scenario,
the
crypto
might
begin
to
climb
up
to
the
closest
resistance
level
at
$0.1355.
The
Brett
price
has
already
tried
to
break
above
this
barrier
in
the
last
48
hours,
but
bears
were
able
to
defend
the
mark.

Nevertheless,
the


Brett

price
closing
a
4-hour
candle
above
$0.1355
could
give
the
meme
coin
the
foundation
needed
to
rise
to
as
high
as
$0.1632.

Bears
Still
Seem
To
Be
In
Control
Of
The
Brett
Price

From
a
technical
standpoint,
indicators
on
BRETT’s
4-hour
chart
warn
the
crypto’s
price
might
keep
dropping
in
the
coming
24
hours.
More
specifically,
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
are
flashing
bearish.

RSI
readings
have
plummeted
from
above
60
to
the
low
30s
over
the
last
48
hours,
signaling
strong
seller
strength.
With
the
current
negative
slope
of
the
RSI
line,
it
seems
bears
have
no
intention
of
easing
their
pressure
on
the
Brett
price
any
time
soon.

Along
with
the
overwhelming
seller
strength,
momentum
is
also
working
against
bulls,
as
evidenced
by
the
MACD
line’s
positioning
below
the
MACD
Signal
line
on
the
4-hour
chart.
Recently,
the
former
started
to
break
below
the
latter
as
well,
which
could
indicate
that
BRETT’s
bearish
momentum
is
starting
to
pick
up
steam.

Traders
might
be
losing
interest
in
BRETT,
but
the
same
cannot
be
said
for
a
new
Solana
layer-2
meme
coin
by
the
name
of


Solaxy
(SOLX).
Recently,
the
project’s
presale
surpassed
$7.1
million.

The
heightened
buying
activity
around
Solaxy
comes
amid
a
series
of
bullish
predictions
by
multiple
crypto
experts.
Among
them
is
an
analyst
from
the
prominent
99Bitcoins
YouTube
channel,
with
over
719K
subscribers,
who
said
that
Solaxy
could
surge
100X
after
its
official
launch.

The
First
Solana
Scaling
Solution
To
Hit
The
Market

Solaxy
is
a
pioneer
in
the
fact
that
it
is
the
first
project
that
aims
to
scale
the
Solana
network,
which
has
recently
come
under
computational
stress
due
to
the
latest
meme
coin
hype.
With
a
meme
coin
super
cycle
predicted
to
take
place
next
year,
Solana
will
need
all
the
help
it
can
get.

Solaxy,
with
its
native
layer-2
chain,
will
alleviate
the
transaction
processing
workload
meme
coins
are
forcing
on
the
Solana
network.
Not
only
will
this
open
up
some
computing
space
for
new
tokens
to
be
deployed
on
Solana,
it
will
also
increase
the
blockchain’s
overall
transaction
throughout
while
simultaneously
slashing
network
fees.

While
the
project’s
initial
focus
will
be
to
scale
Solana,
Solaxy’s
potential
extends
far
beyond
just
another
Solana
project.
Its
native
SOLX
token
resides
on
Ethereum
as
well.
This
positions
the
project
to
become
a
gateway
of
sorts
to
a
new
and
improved
Web3
ecosystem
that
combines
Ethereum’s
robust
infrastructure
with
Solana’s
lightning
speeds
and
low
fees.

SOLX
could
therefore
become
the
value
transfer
layer
between
two
of
the
biggest
blockchain
networks
in
the
crypto
space.

High
Staking
Rewards
Pull
Investors
In 

Solaxy’s
presale
is
off
to
a
strong
start
as
investors
bet
big
on
the
project’s
future.
The
buying
frenzy
that
has
seen
the
project
raise
over
$7.1
million
so
far
is
likely
to
continue
given
the
lucrative
staking
opportunity
on
offer
to
presale
investors.
Anyone
who
buys
and
stakes
SOLX
now
will
unlock
a
537%
APY.

To
get
in
on
these
rewards,
investors
will
first
need
to
purchase
the
crypto
through
the
simple
buy
widget
embedded
on
the
project’s
website.
Selling
for
$0.001586,
SOLX
can
be
bought
using
either
ETH,
USDT,
BNB
or
bank
card.

Once
acquired,
investors
then
need
to
navigate
to
the
staking
page
on
the
website
and
lock
up
their
tokens
to
start
earning
the
passive
rewards.

Purchase
and
stake
SOLX
here
for
the
537%
APY.

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