Crypto analyst and trader Ali Martinez has made a notable comment, expecting the continuation of the rise for the meme coin class altcoin Brett (BRETT), which is built on Coinbase exchange’s Ethereum (ETH) scaling solution Base. The analyst expects the altcoin to gain about 57% in value from its current levels. Martinez also shared his latest observations on the largest cryptocurrency Bitcoin (BTC).
Martinez Points to $0.080 for BRETT
Sharing his expectations for BRETT with his followers on social media platform X, Martinez warned of a potential correction of about 25% from current levels before the anticipated rise.
The analyst stated that despite the meme coin hype showing clear signs of cooling down, the altcoin is ready for a new surge, but it may experience a potential pullback towards the support level of $0.038 before rising to $0.080.
Martinez’s analysis shows that BRETT has formed an ascending triangle formation in the one-hour time frame and is in a formation considered to be a bullish trend if the price breaks above the upper resistance level. BRETT is trading at $0.05988 at the time of writing, having recorded a significant rise of about 5,865% from its lowest level of $0.000847 on February 29th.
Martinez Expects Bitcoin to Rise to $77,000
In addition to his bullish outlook for BRETT, Martinez also shared his latest observations on Bitcoin, indicating that the largest cryptocurrency could potentially rise about 9% from its current levels if it maintains a key support and psychological level. According to the analyst, Bitcoin appears to be breaking out of a bull flag on the 4-hour time frame and could rise to its all-time high of $77,000 if it manages to stay above $70,000.
Bitcoin is currently trading around $70,000, struggling to maintain above the support level indicated by the analyst. Whether the price will rise to the target level if this support is maintained is a matter of great curiosity.
