Brett Price Drops 8% As This Meme Coin ICO Surpasses $7.1M

Brett’s price has plummeted more than 8% over the past 24 hours, trading at $0.116 as of 10:03 AM EST. As investors dumped Base meme coins into the market.

A 24-hour loss in BRETT price pushed the cryptocurrency’s weekly performance deeper into risk territory. As a result, meme coins have fallen more than 12% over the past seven days.

Brett Price Approaching Key Support

BRETT/USD 4-hour chart (Source: gecko terminal)

According to GeckoTerminal data, Brett price has slumped towards the support level of $0.1123 over the past 24 hours. If it falls below this technical safety net in the next 12 hours, Mim Coin risks plummeting to $0.0898.

upside down, Brett A stay above the $0.1123 support in the next 12 hours could invalidate the bearish argument. In this alternative scenario, the cryptocurrency could start rising towards the nearest resistance level of $0.1355. Brett price has already attempted to break this barrier in the last 48 hours, but the bears were able to defend the mark.

nevertheless, Brett A 4-hour candle closing above $0.1355 could provide the meme coin with the base it needs to rise to $0.1632.

The bears still seem to have control over Brett price.

From a technical perspective, BRETT’s 4-hour chart indicator warns that the cryptocurrency price may continue to decline over the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are showing weakness.

RSI readings have plummeted from the upper 60s to the low 30s in the last 48 hours, indicating strong strength from sellers. With the current negative slope of the RSI line, the bears don’t seem to have any intention of easing the pressure on Brett’s price anytime soon.

With overwhelming selling power, momentum is also working against the bulls, as evidenced by the MACD line being below the MACD signal line on the 4-hour chart. The former has recently begun to underperform the latter, which could indicate that BRETT’s bearish momentum is starting to gain strength.

Traders may lose interest in BRETT, SOLX. The project’s recent presale amount exceeded $7.1 million.

Buying activity around Solaxy has increased amid a series of bullish predictions from several cryptocurrency experts. Among them is an analyst from the popular 99Bitcoins YouTube channel with over 719,000 subscribers, who said Solaxy could soar 100x after its official launch.

First Solana scaling solution on the market

Solaxy is a pioneer in that it is the first project aimed at scaling the Solana network, which has recently been under computational stress due to the hype of the latest meme coins. With a meme coin super cycle expected to occur next year, Solana will need all the help it can get.

Solaxy, with its underlying layer 2 chain, will alleviate the transaction processing workload that meme coins impose on the Solana network. This will not only open up some compute space for new tokens to be deployed on Solana, but will also increase overall transactions on the blockchain while reducing network costs.

Although the initial focus of the project is to extend Solana, Solaxy’s potential extends far beyond just the Solana project. The native SOLX token also exists on Ethereum. This will make the project a gateway of sorts to the new and improved Web3 ecosystem, combining Ethereum’s powerful infrastructure with Solana’s blazing-fast and low fees.

Therefore, SOLX can become a value transfer layer between the two largest blockchain networks in the cryptocurrency industry.

Attracting investors with high staking rewards

Solaxy’s pre-sales are off to a strong start, with investors pinning high hopes on the project’s future. The buying frenzy, which has seen the project raise more than $7.1 million to date, is likely to continue given the lucrative staking opportunities available to pre-sale investors. Now anyone who purchases and stakes SOLX can unlock a 537% APY.

To receive these rewards, investors must first purchase cryptocurrency through a simple purchase widget included on the project website. SOLX, which sells for $0.001586, can be purchased using ETH, USDT, BNB or bank cards.

After acquiring tokens, investors must go to the website’s staking page to lock up their tokens and start receiving passive rewards.

Buy and stake SOLX with 537% APY here.

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