- BRETT was unable to match the performances of BTC or DOGE in recent weeks
- Both Open Interest and price action outlined a neutral to bearish long-term outlook
Brett [BRETT], at the time of writing, was up by 25.87% from its Monday lows. However, it saw losses towards the end of the previous week, and was only up by 8.1% in 7 days. In comparison, Dogecoin [DOGE], the market’s leading memecoin by market capitalization, climbed by 31% in 7 days.
Source: IntoTheBlock
At press time, it had a negative correlation of -0.16 with Bitcoin [BTC]. This was made evident when we consider the fact that BTC has gained by 15.78% since 15 October, while BRETT has lost 18.46% of its value over the same period.
