BERA cooling off after a vertical run š»š
After an explosive +50% rally, Berachain ( $BERA ) has entered a clear profit-taking phase. The chart shows a sharp rejection from the $1.00 psychological level, followed by a series of lower candles which is typical behavior after a parabolic move.
This isnāt panic selling yet. It looks more like the market is digesting the pump.
Technical perspective:
ā¢ Parabolic moves usually need consolidation before continuation.
ā¢ Current structure suggests a pullback into previous demand.
ā¢ Momentum is slowing, but trend remains bullish on lower timeframes.
Zones to watch:
š¢ Demand area: $0.68 ā $0.75
š“ Supply area: $0.95 ā $1.05
If price holds the demand zone, a bounce toward $0.90ā$1.00 is possible. Losing that support could mean a deeper retrace before the next leg up.
Is $BERA setting up for a continuationā¦ or was that the local top? š¤
Are you buying the dip or wait it out?