Beam (BEAMUSD) Price Will Rise Further

Beam (BEAMUSD) Price Forecast: March 24

The BEAMUSD price will rise further as it faces the resistance, showcasing the high interest of the buy traders. In the daily time frame chart, the coin showed silent recovery under the influence of a rising trend line. Buyers obtaining dynamic support from this trend line show new higher lows to restore the recovery sentiment. In case the bulls’ pressure breaks up the resistance level of $0.0400, the coin price may increase to a $0.0420 high level and beyond, targeting the upper trajectory.

Key Levels:
Resistance Levels: $0.0302 $0.0303, $0.0304
Support Levels: $0.0298, $0.0297, $0.0296

BEAM (USD) Long-term Trend: Bearish (Daily Chart)

BEAMUSD price is in a bearish movement at present, due to the order flow from the short traders. The coin price is trading slightly below the moving average line, suggesting a bearish trend.
Actions from the short traders at a $0.0060 low value in the last few days have dropped the crypto price beneath the supply trend lines in its recent correction.

The Beam price will rise further as it responds to the shift in the market structure and is currently below the moving averages at the $0.0081 high value, suggesting buyers are making a recovery attempt.

Therefore, if the crypto increases in value from its present price at the $0.0081 supply value above the moving average line, it will enter a bullish trend. The buy traders may see immediate gains if this push continues to the $0.0400 resistance area.

Further, the market is pointing up on the daily stochastic, suggesting the emergence of bulls is crucial at this moment.

Hence, the bulls are expected to turn around the price of BEAMUSD and may likely reach the $0.0420 supply value in the days ahead in its long-term outlook.

BEAM (USD) Medium-term Trend: Bullish (4H Chart)

BEAMUSD pair turns positive today. The coin is finding its way to the overhead resistance level above the moving average in its medium-term time frame. The market shows that the price will rise further and enter a new ascending channel.
The bulls have sustained the crypto market at the $0.0072 supply value in the previous action, keeping the coin above the trend line in its recent high.

The current price of Beam at a $0.0081 high level above the EMA-50 will rise further, suggesting the returns of the buying traders in the market. The market participants are reacting to this pattern, and its breakout should offer a good buy entry opportunity.

Thus, if the crypto’s price could sustain above the $0.0090 high level, the potential rally could hit $0.0095 and beyond.

Additionally, the coin market will rise further as shown by the price indicator pointing upwards.

If the buy traders should increase their price actions, and bullish momentum is sustained above the $0.0090 high mark, the BEAMUSD price may pump up to a significant level at a $0.0100 resistance mark and beyond in the days ahead in its medium-term time frame, signaling a BUY trade again in its medium term.

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