As of the latest update, the crypto market is experiencing a downturn, with various altcoins displaying bearish trends on their daily charts., the memecoin market cap on the 31st of May stood at $65.7 billion, after seeing a 4.6% decline in the past 24 hours.Reflecting broader market trends, Brett , a popular memecoin, suffered a 5% decline in the past 24 hours as well.“The market is down this week but $BRETT is breaking ATH’s.
The Relative Strength Index showed that the coin was lying in the overbought zone, while the Moving Average Convergence Divergence indicator also signaled strong bearish movement.AMBCrypto’s look at Sentiment’s data suggested that despite the slight price decline on 31st May, positive sentiments surrounding Brett outweighed the negative ones.
Moreover, the price volatility graph line running almost flat further suggests that people are still positive and stable about BRETT’s bullish performance.While it’s too early to predict what the future of Brett looks like, one thing is certain, the hype surrounding this memecoin might be promising.Ishika is a graduate of Political Science from the University of Delhi.