Berachain (BERA) Falls 15% After Recent Rally Surge | Airdrop Alert Pro

Berachain (Bera) has dropped nearly 15% in the past 24 hours and its market cap is now $778 million, although the price has risen nearly 20% over the past 7 days. This sharp pullback was after a strong rally between February 18 and February 20 at Bera’s level above $8.5.

Bella’s relative strength index (RSI) has fallen from the level of over-trading, indicating the loss of bullish momentum, while its directional motion index (DMI) shows tendency to be stressed. When Bera navigates this correction phase, it will face key support of $6.1, and potential resistance levels are $8.5, $9.1 and $10 if the Bullish Momentum Return Return.

Bera RSI is steadily decreasing after excessive exposure to levels

The Berachain Relative Strength Index (RSI) is currently at 50.6, a sharp drop from 86.7 two days ago, with its price soaring to above $8.5. RSI is a momentum oscillator This measures the speed and changes of price movements, ranging from 0 to 100.

It is commonly used to identify over-sale conditions, with a value above 70 indicating an over-sale level and below 30 indicating over-sale areas.

Sharp decline Bella’s RSI reflects significant losses in bullish momentum After excessive pricing exceeds 86 or more, corrections may be made.

RSI is now 50.6, Bella in the neutral zoneindicating that the buying and selling pressure is relatively balanced.

As the market digests recent gains, this may indicate a period of merger. If the RSI continues to fall below 50, it may indicate an increase in bearish momentum. This could lead to further declines in Bella.

Conversely, if the RSI stabilizes and starts to rise, it may indicate new purchase interest and potential Bellacin price recovery.

Bera DMI chart shows buyers are losing control

The Berachain Directional Movement Index (DMI) chart shows the current average directional index (ADX) at 50.5, reaching a peak of 60.2 yesterday, up from 13.3 five days ago. ADX is an indicator used to measure trend intensity, ranging from 0 to 100 regardless of direction.

Values ​​above 25 generally indicate a strong trend, while values ​​below 20 indicate a weak or lateral market. The sharp rise in ADX reflects a significant increase in trend intensity, confirming Bera has experienced strong directional movements recently.

Meanwhile, Bera’s +di is 24.4, down from 48.4 two days ago, indicating a weaker bullish momentum. Meanwhile, -DI has risen from 4.9 to 15.1, indicating a sustained increase in pressure.

This shift shows that the bullish trend that drives price increases is losing steam, and sales interest is starting to rise.

If -di continues to rise above +di, it may indicate bearishness, Indicates a potential reversal of Bera prices or deeper corrections. However, if +di stabilizes and moves up again, it may indicate a continuation of the uptrend, despite the decrease in momentum.

Is Berachain about to drop below $6?

Berachain surged 53% between February 18 and February 20, pushing its price higher than $8.5 After the coin struggle. But after this intense rally, Bella entered the correction phase, which is currently down nearly 15% over the past 24 hours.

This pullback shows a shift in profitability and market sentiment as buyers hesitate to raise prices. If the downward trend continues Bella can test support soon The price of $6.1 below this level could result in a further drop of $5.48, reflecting an increase in sales pressure.

On the other hand, if Berachain can regain bullish momentum Starting a few days ago, it could rise above $8.5 again, potentially testing the next resistance level at $9.1 or even $10.

To confirm this bullish situation, Berachain needs to see new buying interest and strong upward momentum. If the buyer can defend the main level of support and push the price above, it can indicate a continuation of the uptrend.