Berachain (BERA) Stays on a Recovery Path

The Berachain (BERA) token has continued to regain upward momentum, just like most other cryptocurrencies following last Friday’s price slump. As of today, the coin has recorded a 2.17% price increase, making it the second-best-performing token in the broader crypto market. Let’s dive deeper below.

BERA Market Statistics

Current Price: $2.161

Market Capitalization: $282.23M

Circulating Supply: 511.13M

Total Supply: 128.61M

CoinMarketCap Rank: 161

Key Price Levels

Resistance: $2.250, $2.500, $3.000

Support: $2.000, $1.750, $1.500

BERA Buyers Stay Courageous

The previous session in the Berachain daily chart recorded a significant upward movement, showing strong recovery momentum after Friday evening’s sudden market crash. The ongoing session has maintained this bullish advance, with price action progressing toward the 9-day Exponential Moving Average (EMA) line.

At the same time, the Stochastic Relative Strength Index (SRSI) indicator lines have recently delivered an upside crossover in the oversold region. The ensuing lines are now trending upward, suggesting that the market is technically aligned for a possible continuation of the rebound.

Berachain Reclaims Trading Above the 9-Day EMA on a Short-Term Basis

A look at the 4-hour price chart reveals steady upward progress. This move has allowed the market to recover above the 9-day EMA curve, signaling a shift toward short-term bullish control. The ongoing session remains positive, as shown by its green candle formation.

Meanwhile, the applied SRSI indicator lines are still maintaining an upward direction. However, the leading line has moved above the 90 mark, placing it in the overbought zone of the indicator. While a short-term pullback remains possible, one thing is clear — the market has built a strong technical foundation and may subsequently extend its advance toward the $2.500 price level.

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