BERA is currently showing some serious life on the charts after a long period of downward pressure. Here’s a quick breakdown of what’s happening:
🔍 Key Highlights:
Strong Recovery: After hitting a local bottom around $0.337, BERA has surged back to the $0.47 level, marking a nearly +20% bounce in the last 24 hours.
Volume Inflow: We are seeing a massive green candle with high trading volume ($35M+ USDT), which often suggests institutional interest or a strong "buy the dip" sentiment.
RSI Check: The RSI(6) is currently around 43.6, meaning the coin has plenty of room to move upward before reaching "overbought" territory.
📉 Support & Resistance:
Immediate Resistance: $0.618 is the next major hurdle. A breakout above this could lead to a test of the $0.77 zone.
Solid Support: The recent low of $0.33 - $0.38 is now acting as a crucial demand zone.
💡 Final Verdict:
The chart shows a classic reversal pattern from the lows. If the price manages to hold above $0.45, we might see a continuation of this bullish momentum. However, keep an eye on market volatility as the price is still below the previous highs of $1.05.
Strategy: Look for a consolidation above $0.47 for a potential long entry. Manage your risk! 🚀
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