Berachain (BERA) experienced a surge in price to $15 following its mainnet launch but quickly started to decline. Technical indicators, such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF), suggest weakening momentum and a shift in market sentiment. The RSI has dropped from overbought levels, indicating a potential reversal in trend, while the CMF indicates selling pressure and capital outflows. Similar to other recent airdrops like HYPE and PENGU, BERA may face challenges in its recovery unless there is a shift in market sentiment. The technical setup currently remains bearish, but a consolidation phase or a strong catalyst could change the outlook.



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