$BERA $BERA Analysis: Relief Rally or Bull Trap? 🐻🚀
Berachain ($BERA) is currently fighting to hold its ground. Here’s the quick breakdown:
The Technicals 📉
• Support: Holding strong at $0.54. A breakdown here could lead to $0.40.
• Resistance: Needs a daily close above $0.72 to gain bullish momentum.
• RSI: Currently at 30 (Oversold), suggesting a short-term "bounce" is coming.
The Fundamentals ⚠️
• The Good: New PoL v2 upgrade is increasing staking rewards, which might reduce sell pressure.
• The Bad: Market uncertainty regarding February token unlocks is keeping big buyers cautious.
Verdict ⚖️
Short-term: Neutral/Bullish (Scalp long potential).
Long-term: Wait for a breakout above $0.95 before going all-in.
Are you Buying the dip or Waiting for lower?
BERA
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