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- 1 Pepe and Brett crypto outperformed the market leaders and surged by over 15% and 20% over the week, respectively.
- 2 Pepe and Brett broke out from an interesting zone indicating a trend continuation.
- 3 The Bitcoin and Ethereum investors fear panic selling after both dropped near multi-month lows, crashing over 5-6% over the week.
While the broader market fears a crash as the market leaders Bitcoin and Ethereum have been suffering severe selling pressure in recent sessions. The Bitcoin price loomed back towards the major $60,000, whereas Ethereum tried to uphold the $3300 level.
On the flip side, these two memecoins continue to outshine the market leaders positioning them as a better opportunity among the investors in the short term. Pepe crypto had surged over 15.72% over the week despite a 5-6% fall in the broader market.
Brett was up over 20.70% in a span of one week. Let’s analyze to find whether both the memecoins Pepe and Brett are worth the attention.
Pepe Crypto Rebounds From 50 day EMA
Pepe crypto has stabilized near the 50 day exponential moving average and bounced back to the higher side. The crypto broke out of a trendline resistance marking an end to its correction phase. The weekly gain stood at around 15% despite the weakness in the broader market.
Pepe enjoys being the 23rd cryptocurrency by market capitalization with a live market cap of $5.2 Billion. The transaction volume has jumped over 19.47% intraday to $1.04 Billion. The volume to market cap ratio is 19.53% suggesting mild volatility in the crypto.
The positive volume inflow along with the breakout points toward the continuation of the higher low pattern formation. PEPE may reclaim the upper supply of $0.000017 if the bulls successfully conquer the recent hurdle of $0.0000135
Can Brett Crypto Reclaim Highs Again?
Brett, who is assumed to be Pepe’s best friend on the Base Chain has also performed similar to that of Pepe in the recent sessions. Brett crypto noted an impressive rise breaking out of a short term correction phase.
Despite being down 4.39% intraday today, Brett has secured an impressive weekly gain of 20.96%. Technical analysis shows that the long term trend favors the bullish side which attracted the buyers after the price went for a pullback.
Brett stands out at 56th in the cryptoverse with a live market capitalization of nearly $1.56 Billion. The transaction volume has surged by 8.23% to $67.520 Million a day. Out of the 10 Billion BRETT tokens, almost 9.9 Billion tokens are in the circulating supply. Moreover, the volume to market cap ratio is 4.31% suggesting low volatility.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
