Berachain (BERA) on the Move: Will This 8% Pop Turn Into a Full-On Moonshot?
- Berachain jumps over 8%, trading around the $2 mark.
- BERA’s daily trading volume has skyrocketed by 427%.
Following a brief 2.42% bullish correction in the crypto market, the majority of the tokens are charted in the green zone, reclaiming the recent gains. The largest asset, Bitcoin, is attempting to call back the bulls, while Ethereum has caught the bullish trajectory. Catching the upswing, Berachain (BERA) has become one of the trending coins.
With an 8.81% rise in value, the BERA bulls have taken the price to a high of $2.90. Before the bull entry, the asset was traded at a low of $2.37 in the early hours. Only after breaking the crucial resistance range between $2.41 and $2.86, the bulls confirmed their sturdy ground.
At the time of writing, Berachain traded within the $2.64 level, with the market cap reaching $329.66 million. In addition, the daily trading volume has skyrocketed by over 427% to $474.35 million. As reported by the Coinglass data, the market has seen a 24-hour liquidation of $1.44 million worth of Berachain.
The asset has recorded a gain of over 20.72% in the last seven days. Berachain’s weekly low is marked at around $2.13, and after a series of ups and downs, the bulls picked up the momentum, reaching the current trading level, holding the price without dropping below the $2.20 mark.
Berachain Battle: Can the Bulls Hold Their Ground?
Berachain’s technical indicator, the Moving Average Convergence Divergence (MACD) line, has crossed over the signal line, which indicates a bullish shift in the market. This is a latent sign of the upward price movement. Besides, the Chaikin Money Flow (CMF) indicator is stationed at -0.18, suggesting that the selling pressure is dominant, with more money flowing out of the asset than in.
The four-hour trading pattern of Berachain displays an active upside correction, and it could trigger the price to move up toward the $2.71 resistance. If the bullish trajectory extends, the asset’s golden cross unfolds, and the price might climb to test the $2.78 range, accelerating the bullish action.
Upon a bearish reversal, the asset might have to encounter multiple support levels. The price could plunge and find the initial support at the $2.57 level. Further correction on the downside pushes out the death cross to take place, and the Berachain price might steeply fall below $2.50.
Moreover, the daily Relative Strength Index (RSI) positioned at 60.19 signals the asset’s bullish territory. Notably, it may approach the overbought conditions if the value rises. There is enough room for a reversal. Berachain’s Bull Bear Power (BBP) reading found at 0.272 is a positive value, which implies a mild bullish momentum rather than a strong rally, with the bulls having the upper hand.
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Berachain (BERA) on the Move: Will This 8% Pop Turn Into a Full-On Moonshot?
- Berachain jumps over 8%, trading around the $2 mark.
- BERA’s daily trading volume has skyrocketed by 427%.
Following a brief 2.42% bullish correction in the crypto market, the majority of the tokens are charted in the green zone, reclaiming the recent gains. The largest asset, Bitcoin, is attempting to call back the bulls, while Ethereum has caught the bullish trajectory. Catching the upswing, Berachain (BERA) has become one of the trending coins.
With an 8.81% rise in value, the BERA bulls have taken the price to a high of $2.90. Before the bull entry, the asset was traded at a low of $2.37 in the early hours. Only after breaking the crucial resistance range between $2.41 and $2.86, the bulls confirmed their sturdy ground.
At the time of writing, Berachain traded within the $2.64 level, with the market cap reaching $329.66 million. In addition, the daily trading volume has skyrocketed by over 427% to $474.35 million. As reported by the Coinglass data, the market has seen a 24-hour liquidation of $1.44 million worth of Berachain.
The asset has recorded a gain of over 20.72% in the last seven days. Berachain’s weekly low is marked at around $2.13, and after a series of ups and downs, the bulls picked up the momentum, reaching the current trading level, holding the price without dropping below the $2.20 mark.
Berachain Battle: Can the Bulls Hold Their Ground?
Berachain’s technical indicator, the Moving Average Convergence Divergence (MACD) line, has crossed over the signal line, which indicates a bullish shift in the market. This is a latent sign of the upward price movement. Besides, the Chaikin Money Flow (CMF) indicator is stationed at -0.18, suggesting that the selling pressure is dominant, with more money flowing out of the asset than in.
The four-hour trading pattern of Berachain displays an active upside correction, and it could trigger the price to move up toward the $2.71 resistance. If the bullish trajectory extends, the asset’s golden cross unfolds, and the price might climb to test the $2.78 range, accelerating the bullish action.
Upon a bearish reversal, the asset might have to encounter multiple support levels. The price could plunge and find the initial support at the $2.57 level. Further correction on the downside pushes out the death cross to take place, and the Berachain price might steeply fall below $2.50.
Moreover, the daily Relative Strength Index (RSI) positioned at 60.19 signals the asset’s bullish territory. Notably, it may approach the overbought conditions if the value rises. There is enough room for a reversal. Berachain’s Bull Bear Power (BBP) reading found at 0.272 is a positive value, which implies a mild bullish momentum rather than a strong rally, with the bulls having the upper hand.
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