Berachain (BERA) Rises 7% – Will the Rally Continue?
Berachain (Bera) has risen about 7% in the past 24 hours, pushing its market cap higher by $900 million. The recent surge in prices has been supported by strong technical indicators, RSI Close to overbought levels and DMI, it shows that the buyer has firm control over the buyer.
If the current uptrend continues, Bera may retest above the $8.5 level and may challenge resistance at $9. However, if momentum fades, you can test the $6.18 and $5.48 key support levels to determine the next directional move.
Berain RSI, close to 70
Berachain’s RSI is currently 61.97, and it’s from 35.9 liters three days ago after staying at neutral for eight days. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and variation of price movements, ranging from 0 to 100.
RSI over 70 indicates a high condition, indicating a potential callback, while RSI below 30 signal oversold conditions indicates a possible rebound. RSI between 30 and 70 is generally considered neutral Reflects no strong directional bias.
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With Berachain’s RSI of 61.97, the price is approaching the overbought threshold, but it is still in neutral territory. This growth suggests bullish momentum and buying interest, Bella may continue to rise If the RSI moves close to 70.
But, if it is RSI crosses too many holesOry, a short-term pullback or merger phase may follow as traders make profits. The next price change will depend on whether the buying pressure continues or whether the seller starts dominating as the RSI approaches too high.
Bera DMI shows buyers are controlling
Berachain’s DMI shows that its ADX is currently at 34.4, up from 19.3 two days ago, after reaching 60.2 a week ago, when the Bera priced at more than $8.5. The average direction index (ADX) measures the intensity of the trend without indicating its direction, ranging from 0 to 100.
ADX above 25 marks a strong trend, while the under-20 value indicates a weak or non-trend market. The increase in ADX indicates The current upward trend is strengtheningreflects the driving force of growth and market beliefs.
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Meanwhile, Bera’s +DI is 27.4, showing strong buying pressure, while -DI is 8.55, lower than 11.1 two days ago, indicating weaker sales pressure.
This configuration confirms Bella is on an upward trendhave clear controls for buyers. The widening gap between +DI and -DI shows that bullish momentum is increasing, making the rise more likely. As long as +DI remains above -DI and ADX remains above 25, BERA may maintain its upward trajectory.
Will Bera recover above $9 in March?
Berachain (Bera) may be retesting the level above $8.5 if The current upward trend continues to gain momentummay further challenge the resistance of more than $9.
With a $884 million market cap, the $1 billion threshold could be a key level to watch in the coming weeks, as breaking this milestone could attract increased interest and buying pressure from investors.
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However, if the uptrend reverses, Bella may drop Test support for $6.18.
If this level cannot be held, the price may drop further to $5.48, indicating a deeper correction. These key support and resistance levels will be determined Bella’s next price movement.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.