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<p class="is-style-lead">Brett, the biggest meme coin in the Base Blockchain, rose by over 12% on Friday as sentiment in the crypto and stock industries improved.</p> 
<p>Brett (<a href="https://crypto.news/price/brett/" target="_blank" rel="noreferrer noopener">BRETT</a>) token rose to $0.133, up 31% from its lowest swing this month. Some traders believe that the meme coin has more upside going forward.</p> 
<h2 class="wp-block-heading" id="analyst-is-bullish-on-brett">Analyst is bullish on Brett</h2> 
<p>In an X post, Michael van de Poppe, a trader with over 721,000 followers, noted that he was optimistic that the token would rise to $0.1712, a 30% increase from Friday’s trading level.</p> 
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   <p lang="en" dir="ltr">I've long been a day trader, and memes are great for that perspective.<br><br>A ton of volume.<br>And there is a ton of volatility.<br><br>When it comes to <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BRETT</a>, I'd like to search for longs here from this area at $0.125-0.1325 to $0.170 as a clear identification for a potential upward run. <a href="https://t.co/hWmSjCZGJa" target="_blank" rel="">pic.twitter.com/hWmSjCZGJa</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1816775478046298581?ref_src=twsrc%5Etfw" target="_blank" rel="">July 26, 2024</a>
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<p>If he is correct, Brett’s market cap will pass Floki (<a href="https://crypto.news/price/floki/" target="_blank" rel="noreferrer noopener">FLOKI</a>), which has a market cap of $1.7 billion.&nbsp;</p> 
<p>Brett’s rebound happened as the Bitcoin 2024 conference kicked off today. In a statement at the event, Robert Kennedy, an independent presidential candidate, noted that he was a big supporter of Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>).</p> 
<p>The event’s main headliner will be Donald Trump, who is leading in most polls, <a href="https://crypto.news/trumps-presidential-odds-soar-to-all-time-high-on-polymarket-following-assassination-attempt/" target="_blank" rel="noreferrer noopener">including in Polymarket</a><strong>. </strong>Trump is expected to reiterate his support for cryptocurrencies. Analysts are torn about whether he will announce a Bitcoin reserve at this event.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/trump-strategic-bitcoin-reserve-unlikely/"> Polymarket: Trump announcing a strategic Bitcoin reserve unlikely </a> </p> 
<h2 class="wp-block-heading" id="base-blockchain-is-doing-well">Base Blockchain is doing well</h2> 
<p>Brett token also rallied as the Base blockchain ecosystems continued doing well. Launched in 2023 by Coinbase, Base has accumulated over <a href="https://defillama.com/chain/Base" target="_blank" rel="">$1.6 billion</a> in DeFi assets, making it the 6th biggest chain in the industry. It has passed popular networks like Cardano (<a href="https://crypto.news/price/cardano/" target="_blank" rel="noreferrer noopener">ADA</a>), Avalanche (<a href="https://crypto.news/price/avalanche/" target="_blank" rel="noreferrer noopener">AVAX</a>), and Polygon (MATIC).</p> 
<p>At the same time, Brett and other altcoins jumped as the US stock market rebounded, signaling that investors have embraced a risk-on sentiment. The Dow Jones index rose by over 600 points, while the S&amp;P 500 and Nasdaq 100 jumped by over 80 basis points.&nbsp;</p> 
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  Brett price chart | Source: <a href="https://www.tradingview.com/symbols/BRETTUSDT/?exchange=BYBIT" target="_blank" rel="">TradingView</a>
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<p>Technically, Brett has formed a morning star pattern, which is a popular reversal sign. In the past, the token rose by double-digits when it formed this pattern. For example, it formed on July 12 and then rose by 40%.&nbsp;</p> 
<p>On the flip side, this rebound could be a dead cat bounce, where an asset rises briefly and then resumes the bearish trend.</p> 
<p> You might also like: <a href="https://crypto.news/coinbase-stock-price-is-rising-aug-1-will-be-crucial/"> Coinbase stock price is rising; Aug. 1 will be crucial </a> </p>

Brett token price rises 12%; analyst sees another 30% upside

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