Berachain (BERA) Targets $9 After 15% Surge | Airdrop Alert Pro

Berachain (Bera) has risen by more than 15% in the past 24 hours, with its market cap reaching $800 million. After Bera formed a golden cross, this surge indicated a potential trend reversed to the upside.

Despite this bullish momentum, RSI Still in a neutral territory, its CMF, although improved, is still negative, indicating a cautious sentiment. Bera’s next move will be $9.18 with resistance of $9.18 and support at $6.18, depending on whether the buying pressure can last.

Berachain RSI has been neutral since February 21

Berachain’s RSI is currently 57.59, up from 35.9 a day ago Significant increase in buying momentum. The relative intensity index (RSI) measures the speed and change of price changes and oscillates between 0 and 100.

Usually, one RSI or above 70 years old indicates that the assets are too high And corrections may be made, while RSI under 30 means it is oversold and may rebound.

Readings between 30 and 70 are generally considered neutral, reflecting the balance between buying and selling pressures.

Bera has an RSI of 57.59, which is still in neutral territory but shows significant upward movement, indicating an increase in bullish momentum. This may indicate that the purchase interest is being established and may lead to the continuation of the recent upward move.

If the RSI continues to rise and approaches 70, it may mark an excessive situation, increasing the possibility of a callback. On the contrary, if it is stable at the current level, Bella can experience mergers Before determining its next directional movement.

In view of Berachain RSI has been neutral for nearly a weekthis recent growth may be an early sign of a trend reversal. However, confirmation will require a continuous increase in purchasing pressure.

Bera CMF is rising, but still negative

Berachain’s CMF is currently -0.13, and two days ago it was -0.41. This suggests that sales pressure is decreasing, but still exceeds purchase interest.

The Chaikin Currency Flow (CMF) measures the volume-weighted average of accumulation and distribution over the set period (usually 20 or 21 days). It oscillates between -1 and +1, and the positive value indicates Buying pressure and accumulation. On the other hand, negative values ​​indicate sales pressure and distribution.

Generally, CMFs above 0.20 are considered strongly bullish, while CMFs below -0.20 are considered strongly bearish. Values ​​near zero reflect a more neutral position, which indicates a balance between buyers and sellers.

With Bera’s CMF of -0.13, it’s still in a negative state, indicating that sales pressure is still there, but is weakening. This may indicate that although bears are still in control, their impact is decreasing, potentially paving the way for momentum shifts.

If the CMF continues to rise and exceeds zero, it marks a transition to buying pressure. This may lead to bullish price movements. However, given that Bera’s CMF is now six days, this suggests that emotions are still cautious and a significant reversal will require ongoing purchases.

Until this happens, Berachain prices may continue to be opposite below Pressure or merge before deciding its next direction to move.

Will Berain Reclai be quick for $9?

Berachain has just formed a golden cross, a bullish technical model that occurs when the short-term moving average exceeds the long-term moving average, indicating that the underlying trend reversal to the upward space.

This bullish signal passes Bella’s price has increased In the last 24 hours, push it back to the $7 level. The golden cross is often seen as a sign of a strong buying momentum and a sustained upward trend.

If this uptrend continues Beraican can follow Test the next resistor for $9.18. This will represent a potential 25% of its current price.

But if the rise is insufficient and sales pressure increases, Bera may regain support for $6.18, which remained strong yesterday.

If this support is tested again and fails, Bera may drop further to $5.48. This will mark the 25% correction range of the current level.