Brett Price Falls 21% Suddenly – New ChatGPT-Like Meme Coin Gains Popularity
Newcomer meme coin Brett ($BRETT), which launched in February this year, has fallen 21% in the last seven days amidst a wider market rout that has shaved double-digit percentages from most leading meme coins.
Brett currently trades at a price of $0.1279, about 7% more than it was this time yesterday.
As usual, it’s the leading cryptocurrency that sets the pace for the rest of the market. The original and largest crypto Bitcoin ($BTC) fell 8% over the seven days, but climbed 1.1% overnight to change hands at $57,315 as of this writing.
Meanwhile, in the meme coin sector, Pepe ($PEPE) followed a similar trajectory to Brett—both memes deriving from Max Furie’s Boy’s Club webcomic—and fell 18% overnight but rose 4% over the last 24 hours to hit $0.059162 as of Tuesday 11 AM UTC.
DogWifHat ($WIF) and Floki ($FLOKI) posted similar intra-week losses of about 20% with very small respective gains 0f 0.3% and 1.6% in the last 24 hours.
Original meme coin Dogecoin ($DOGE) tracked Bitcoin more closely than its sector mates. $DOGE fell 12% over the week but rose 0.3% overnight to land on $0.1082.
As far as meme coins go, Brett has been performing relatively well over the last three months. On June 9 the token rose to an all-time high (ATH) of $0.1933 before coming down to its current price, which represents a pullback of over 30%.
Since ATH, Brett has found stiff resistance at $0.17 (indicated by the red line. However, a strong support level appears to be forming at $0.10 (green line).
This indicates support since the beginning of July has fallen from $0.125, which is where the token bottomed for most of last month.
Meme coins are the most speculative side of an already highly speculative industry.
That means when Bitcoin is not doing so
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