memecoin, BRETT, began December with a strong uptrend that could potentially push it into the top 50 by market capitalization. At the time of writing, BRETT had risen by over 11% in the last 24 hours, reaching a historic high of $0.22. BRETT's performance during the last four weeks showed a 164% increase, despite a brief bearish period from mid-November to November 29. The bullish breakout suggests that December could be a continued upward trend for BRETT.
If BRETT gets listed on Coinbase and Binance, it could further increase its liquidity and propel it into the top 50 list. However, BRETT was overbought, indicating a possible short-term pullback. Additionally, BRETT's Open Interest surged to $140.94 million, with shorts accounting for 51% and longs for 48.9% of positions, suggesting that short liquidations may be driving further price increases
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Source: CryptoAmb - 🏆 22. / 68 Read more »