BRETT Coin Takes On Top Memes With Robust Bounce Back

BRETT coin delivered an impressive weekly performance, earning a spot as the top gainer in the top 10 meme coin list. Meme coins have performed well as the markets recovered this week.

But just how impressive were BRETT gains？ It turns out that its weekly gains outshone even the top-ranking coins by marketcap, including Dogecoin and Shiba Inu.

BRETT managed to pull off an 89% plus upside in the last 7 days. The closest meme coin to BRETTs impressive returns was the Official TRUMP meme coin. It was up about 83.3% during the same period.

For context, Dogecoin pulled off a 15.8% weekly upside, while Shiba Inu rallied by 18.5%. This confirms that BRETT and the other newer but mainstream entries to the market have been receiving more attention.

Is a Retracement on the Cards as BRETT Coin Enters Overbought Territory？

BRETT price action was even more impressive considering how much it has recovered from its lowest price point in April. For context, BRETT coins price traded as low as $0.026. And it recently rallied as high as $0.071 in the last 24 hours, marking a 200% gain.

BRETT price actionsource: TradingView

The impressive bullish performance put BRETT deep in overbought territory. This that it was likely to start experiencing sell pressure.

In fact, that may have already been in play at the time of observation considering that price pulled back to a $0.068 press time price tag.

The chances of a retracement in the short term will heavily depend on whether the market sentiment will cool down further. So far it has shown some resilience, indicating that the downside could be limited.

BRETT coin was also still heavily discounted, by roughly 72% from its December peak. As such, holders may have an incentive to HODL in anticipation of more recovery.

In addition, BRETTs latest performance may potentially attract more investment. This is because investors have been keeping an eye on the best performing coins in the recovery phase to identify the most promising ones.

Evaluating the State of Demand on the Spot and Derivatives Segment

The expectations of profit-taking were not necessarily misplaced. The meme coin experienced a surge in spot outflows in the last 24 hours. They amounted to about $698 million. In the grand scheme of things. that was still relatively low.

Derivatives volumes were up by 54.84% in the last 24 hours to $201.14 million. Meanwhile, open interest was up 4.91% during the same period to around $67.53 million.

One of the most noteworthy aspects of BRETT derivatives was that in the last 24 hours, its funding rates surged to a new 2025 high. The highest levels observed since early December, but this could also expose BRETT to heavy liquidations if price pivots.

BRETT funding ratessource: Coinglass

BRETT Coin Price Prediction

With respect to BRETT price predictions, the recent demand surge could usher in heavy liquidity in the coming months. The meme coins recovery so far underscores strong demand resurgence. It could possibly push as high as $0.090 in the short term.

Past performance especially in 2024 revealed solid recovery in BRETTs price action. If this remains the case, then the meme coin could potentially retest its previous high in the coming months.

That would require a 262% upside. It also underscores the meme coins status as one to keep an eye out for as the market continues on its recovery path.

Meanwhile, the total meme coin marketcap was up 4.9% in the last 24 hours, pushing to $61.52 billion. The recovery was also enough confirmation that the meme coin segment was still heavily active despite concerns that investors may favor utility coins.