The native token of Berachain, BERA, has struggled to gain traction in a weak market. Despite a successful airdrop and the launch of the Layer 1 proof-of-liquidity blockchain, the token's value has declined sharply. The Relative Strength Index (RSI) shows bearish momentum, indicating that selling pressure is outweighing buying interest. Short-term price growth is uncertain, and the token may face resistance without a shift in market sentiment. The Chaikin Money Flow (CMF) indicator suggests weak capital inflows and investor hesitation. Skepticism surrounding newly launched projects and limited investor confidence may prevent significant inflows. The current trading range highlights bearish sentiment and weak interest, and a breakout is needed for movement. The altcoin has already experienced significant declines and could test the $5.00 support level if selling pressure continues. However, the altcoin could potentially turn around if it reclaims the $8.72 support level, leading to renewed interest and a rally toward $9.85.



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