The price of Brett, one of the leading memecoins, has surged over 15% in the last 24 hours. A key driver of this increase was its addition to the Alchemy On-Ramp platform.
Price Surge and Its Reasons
The Brett price reached $0.1601 as of the publication time following its addition to the Alchemy On-Ramp platform. This event attracted investor attention, leading to increased buying activity, which drove the price up.
Technical Analysis of Brett
The 4-hour chart of Brett shows it is in a positive trend, forming an upward channel. If this trend continues, the price might soon attempt to challenge the $0.1692 resistance level. Indicators such as MACD and RSI suggest that bulls still have control.
Memecoin Market and New Projects
While Brett continues to strengthen, the memecoin market introduced a new project with a multi-meme coin staking platform. Crypto All-Stars (STARS) offers investors passive rewards for staking various memecoins, including DOGE, SHIB, and others. The project has raised over $3.7 million in its presale.
Brett's addition to Alchemy On-Ramp was a significant catalyst for its price growth. Technical analysis indicates the potential for further increases, while the emergence of new projects like STARS continues to sustain investor interest in the memecoin market.
