- BRETT drops to $0.0566 from a daily high of $0.06449 despite bullish forecasts
- Meme coin sector falls 5.2% as Bitcoin retreats from $124,000 all-time high
- Analysts maintain optimistic outlook despite current price weakness
BRETT has failed to deliver on analyst predictions calling for a rally to $0.09, instead declining to $0.0566 after reaching a 24-hour high of $0.06449.
The meme coin’s performance contradicts recent bullish forecasts from prominent analysts who expected a breakout.
Analyst Andrew Crypto had predicted BRETT would “break this important level” after completing a bull flag formation, suggesting $0.09 was imminent.
Crash, another analyst, cautioned investors not to regret doing nothing as prices spike higher and advised followers to buy BRETT before the opportunity passes.
Meme Coin Sector Faces Widespread Selling Pressure
The BRETT decline forms part of a broader meme coin selloff that has affected major tokens across the sector.
The decline wasn’t limited to BRETT — Dogecoin, Shiba Inu, and Pepe also posted heavy losses. For those unfamiliar with BRETT, here’s a detailed breakdown of why Brett coin has been gaining attention as the next big meme coin.
Dogecoin, ranked 10th by market capitalization, dropped 8.2% in the past 24 hours to $0.2233. This extended weekly losses despite maintaining 4.9% gains over seven days.
Shiba Inu fell 7.1% to $0.00001287, while Pepe declined 8.4% to $0.00001115 as investors rotated away from speculative meme tokens.
The selling pressure affected tokens across different blockchains and market capitalizations, indicating broad-based risk-off sentiment.
Pudgy Penguins posted one of the larger declines, falling 10.4% to $0.03323, while also showing weekly losses of 8.1%.
Even smaller meme coins like Bonk dropped 8.6% to $0.00002409.
Bitcoin Retreat Triggers Risk Asset Selling
The meme coin weakness coincides with Bitcoin’s retreat from its new all-time high of $124,000 to current levels around $117,000, creating selling pressure across risk assets.
Ethereum also retraced from $4,770 to approximately $4,500, removing support for alternative cryptocurrencies.
CoinGecko data shows the total meme coin market capitalization dropped 5.2% in the past 24 hours, indicating sector-wide weakness rather than token-specific issues.
This coordinated decline suggests algorithmic selling and risk management protocols triggered by major cryptocurrency movements.
The Official Trump token bucked some trends with flat performance over seven days despite posting 6.2% daily losses, though its $8.99 price remains well below peak levels.
SPX6900 faced particularly heavy selling with 12.6% daily losses extending to 11.5% weekly declines.
Technical Patterns Fail Amid Market Volatility
Despite analyst predictions based on technical formations, BRETT and other meme coins show how market corrections can override individual token setups.
The bull flag pattern that Andrew Crypto identified has yet to produce the expected upward movement as broader selling dominates.
Market participants who followed recommendations to accumulate meme coins before potential rallies have faced synchronized losses across their holdings.
The correlation between different meme tokens during today’s decline shows how sector-wide sentiment can overwhelm individual analysis.
Current price levels place most major meme coins well below recent highs, with BRETT sitting 75.7% below its December 2024 peak of $0.2342. Similar discounts exist across the sector as speculative tokens remain sensitive to risk appetite changes.
Sector Correlation During Market Stress
The synchronized decline across Dogecoin, Shiba Inu, Pepe, and other major meme tokens shows high correlation during market stress periods.
This correlation reduces diversification benefits for investors holding multiple meme coins as they tend to move together during corrections.
Trading volumes typically increase during such coordinated selloffs as stop-loss orders trigger and algorithms respond to price movements.
Meme coin recovery prospects largely depend on Bitcoin and Ethereum stabilizing at current levels or resuming upward trends.
Historical patterns show meme tokens often outperform during bull market phases but amplify losses during corrections.
