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The Berachain market has been rising steadily, forming higher lows. Although the coin was only launched recently, the daily chart shows that price activity has progressed since it rebounded off the support at $4.90. Let’s take a closer look at the market below.
BERA Statistics:
Berachain Current Price: $7.00
Market Capitalization: $747.69M
Circulating Supply: 107.48M
Total Supply: 500M
CoinMarketCap Rank: 84
Key Price Levels:
Resistance: $8.00, $9.00, $10.00
Support: $7.00, $6.00, $5.00
Berachain Holds a Key Support
Price action in the BERA daily market is rebounding off another higher support level. The latest price candle stands just above the 20-day Moving Average (MA) curve, which is the only visible MA line on the chart, highlighting the token’s recent launch.
Additionally, the Stochastic Relative Strength Index (RSI) lines are rising from the oversold region, indicating increasing bullish momentum. This aligns with the fact that price action is gaining strength.
BERA Retains Its Shine
On the Berachain 4-hour chart, price activity shows an upward trend. Although the corresponding price candle for the ongoing session appears bearish, prices remain above all the MA lines.
At the same time, the Stochastic RSI lines are pushing higher, even after entering the overbought region. Notably, the indicator has not yet delivered a crossover, suggesting that upside corrections may continue. Given this momentum, the market has the potential to reach the $8.00 price level.
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