The post BRETT rises 50% on the back of THIS major announcement – What’s next? appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ August 21, 2024 5:21 am