Berachain (Bera) has increased by around 7% in the last 24 hours, pushing its market capitalization more than $ 900 million. The recent increase in prices is supported by solid technical indicators, with RSI approaching over -racket levels and DMI showing buyers in control firmly.
If the current trend continues, Bera could retain levels over $ 8.5 and possibly challenge resistance to $ 9. However, if the momentum fades, key support levels at $ 6.18 and $ 5.48 could be tested, determining the following directional movement.
Berachain RSI is close to 70
The Berachain RSI is currently 61.97, from 35.9 only three days ago after being neutral for eight days. The relative resistance index (RSI) is a momentum oscillator which measures the speed and variation of price movements, ranging from 0 to 100.
An RSI greater than 70 indicates over -rascal conditions, suggesting a potential withdrawal, while a RSI less than 30 signals has exceeded the conditions, indicating a possible rebound. An RSI between 30 and 70 is generally considered neutral, not reflecting any strong directional bias.
With the Berachain RSI at 61.97, the price approaches the Surachat threshold but remains in neutral territory for the moment. This increase suggests bullish momentum and purchase interest, which indicates that Bera could continue to increase if the RSI approaches 70.
However, if the RSI is crossed in exaggerated territory, a short -term withdrawal or consolidation phase could follow while traders benefit from benefits. The next price movement will depend on the persision of the purchase pressure or if the sellers are starting to dominate as the RSI approaches the levels of aging.
Bera DMI shows that buyers control
The Berachain DMI shows that its ADX is currently 34.4, from 19.3 two days ago, after reaching 60.2 previously a week ago when the price of Bera exceeded $ 8.5. The average directional index (ADX) measures the resistance of a trend without indicating its direction, ranging from 0 to 100.
An ADX above 25 signals a strong trend, while values below 20 suggest a low or not trend market. The increase in ADX indicates that the current trend is gaining strength, reflecting an increasing dynamic and a market conviction.
Meanwhile, Bera’s + DI is 27.4, showing high purchase pressure, while the -Di is 8.55, down from 11.1 two days ago, indicating a weakening of the sale pressure.
This configuration confirms that Bera is in an upward trend, with buyers clearly in control. The widening gap between the + DI and -DI suggests that the bullish momentum increases, which makes it more likely a continuation of the upward trend. As long as the + DI remains above -Di and Adx remain above 25, Bera is likely to maintain its upward trajectory.
Will Bera recover levels above $ 9 in March?
Berachain (Bera) could be about to retain levels above $ 8.5, and if the current upward trend continues to take momentum, it could increase more to challenge resistance over $ 9.
With a market capitalization of $ 884 million, the threshold of $ 1 billion could be a crucial level to monitor in the coming weeks, as the breakdown of this stage could attract increased interest in investors and purchase pressure.
However, if the increased trend is reversed, Bera could refuse to test the support at $ 6.18.
If this level does not hold, the price could fall more to $ 5.48, indicating a deeper correction. These key levels of support and resistance will play an essential role in determining the next Bera prices movement.
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