The memecoin sector experienced a significant rebound over the past two days, with BRETT leading the charge. According to reports from AMBCrypto, the token gained more than 19% in the past 24 hours, extending the previous day's 13% rally. Trading volume also climbed 32% to roughly $18 million at press time, indicating strong investor interest in the Base ecosystem.
As reported by AMBCrypto, BRETT outperformed other Base memecoins including TROLL, Toshi [TOSHI], and SPX6900 [SPX]. The token also ranked among the market's top-performing memecoins alongside Dogecoin [DOGE] and Notcoin [NOT]. This outperformance aligned with broader strength across the Base ecosystem, suggesting capital rotated into higher-risk, narrative-driven assets.
Despite the strong performance, profit-taking emerged as prices climbed higher. According to data from Nansen reported by AMBCrypto, the top 100 Addresses, smart money wallets, and whales were taking profits during the rally. While retail participation increased, overall contract exposure remained net negative despite the increase in buying activity, suggesting buyers outnumbered sellers but sellers controlled more capital.
As reported by AMBCrypto, BRETT broke above a descending trendline resistance near $0.005380, which had capped price action since May 11th. The memecoin then rallied above $0.0070 but struggled to maintain that level. According to the Cumulative Volume Delta (CVD), Bybit's spot market recorded roughly 29.58 million BRETT in net buying, though the metric later fell to negative 4.70 million.
The technical breakout coincided with the strongest buying activity in nearly two months, as reported by AMBCrypto. If BRETT holds above $0.0070, the next resistance levels sit near $0.0080 and $0.0095. However, continued weakness could drag the memecoin back toward $0.005579, where a double-bottom structure previously formed. Bull-Bear Power (BBP) remained positive over the past two days, though bullish momentum weakened significantly.
