Deniz 
Following its Tuesday listing on the top South Korean cryptocurrency exchange Upbit, Brett’s Base-based meme coin’s price shot 36% over the past 24 hours. The cryptocurrency is trading at $0.089 at the time of writing and is positioned for more gains.
Along with a 36% price jump, BRETT’s trade volume has surged to $66 million as of right now—a 193% gain in just 24 hours.
Usually, a combination of price and trade volume indicates substantial market activity and actual asset interest. This implies that, rather than only speculative trading, market demand drives the price surge.
Its Relative Strength Index (RSI) is heading upward and nearing breaching the neutral 50 line, therefore confirming the growing demand for BRETT. The RSI at 49.39 as of right now shows increasing positive momentum.
This indicator gauges the overbought and oversold conditions of an asset. BRETT’s RSI movements higher near the 50 line suggest that the price of the meme coin is gathering pace and that selling pressure is relieving.
Should the RSI effectively cross above 50 and continue its upward path, it strengthens the positive signal, therefore signaling more purchasing demand.
Furthermore, at 0.04, the token’s Chaikin Money Flow (CMF) is presently above the center line. The CMF monitors the money coming into and leaving an asset; a number above zero denotes market strength, therefore signaling a liquidity inflow.
Rising CMF, paired with a growing price point, points to high buy volume, supporting the uptrend. This suggests that considerable market involvement supports the rally, so the upswing is more likely to be maintained.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.