February 14 News, Berachain (BERA) has recently experienced a pause in its strong upward momentum. After soaring over 315%, the price has declined for two consecutive days and is currently facing strong downward pressure. As of press time, BERA’s market cap has dropped more than 18% in the past 24 hours, with the trading price approaching $0.655.
From a technical perspective, BERA has lost the key support level of $0.706. If it fails to regain this level, its price could further decline by 45%, potentially reaching $0.35. On the daily chart, BERA shows a strong downtrend, with the ADX indicator rising to 33.65, indicating a strong directional trend.
Additionally, on-chain analysis data shows that Berachain’s total value locked (TVL) and on-chain trading volume have both decreased, indicating weakening market sentiment and reduced user activity. Data from DeFiLlama also reveals a significant decline in decentralized exchange (DEX) trading volume, further intensifying bearish market sentiment.
It is worth noting that BERA’s derivatives market also reflects complex investor sentiment. Some traders have established strong short positions near $0.708, indicating a bearish outlook on future price movements. However, other traders have opened long positions around $0.64, expecting this level to serve as a strong support zone.
Overall, BERA’s market sentiment is complex, and it may face significant downside pressure in the short term. Only a break above the key resistance level of $0.777 could potentially trigger a rebound. Currently, investors should watch whether the support at $0.64 can hold the market. (AMBCrypto)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CryptoQuant Reports CME Basis Compression, Says Bitcoin Bottom Not Formed
_CME basis compression and a 47% drop in open interest signal deleveraging, but no clear capitulation bottom has formed._
Signs of stress are building in Bitcoin’s derivatives markets. Cooling demand for futures exposure and a sharp drop in open interest signal that deleveraging is still
LiveBTCNews17m ago
PEPE Drops 2.5% to $0.05394 — Will Momentum Hold as $0.000318 Short Target Looms?
PEPE traded at $0.05394, down 2.5% in 24 hours, within a support range of $0.053882 and resistance at $0.054045. It gained against BTC and ETH, while a short setup emerged with specific entry and stop-loss parameters. Market focus remained on established price levels.
CryptoNewsLand27m ago
VIRTUAL Surges 23% After Channel Break — Can $0.7168 Turn Support?
VIRTUAL broke above a 4H descending channel with a strong impulsive candle.
Price moved past the $0.7168 resistance, trading at $0.7186 near the range high.
$0.62 marks the breakout zone, while $0.5778 defines the 24-hour support floor.
Virtuals Protocol’s VIRTUAL token climbed sharply t
CryptoNewsLand32m ago
Breakout Pushes $0.09656 DOGE Above Converging Trendlines as Price Trades Between Key Levels
DOGE penetrated the upper wedge limit on the 4-hour chart and contracted between converging trendlines.
The first level of short-term support is at $0.09579 and the second level of resistance is at the level of $0.1057.
Although DOGE declined 6.1% in USD terms, it gained 3.9% against
CryptoNewsLand36m ago
Geopolitical Shock Triggers $1.8B Hourly Dump in Crypto Futures
_Geopolitical escalation triggered $1.8B in futures selling, pushing Bitcoin sentiment into extreme bearish territory._
Escalating conflict in the Middle East sent shockwaves through crypto markets within minutes. Reports said United States President Donald Trump announced “major combat
LiveBTCNews37m ago
HBAR Consolidates at $0.095 as Critical $0.094–$0.096 Zone Draws Focus
In the 24-hour period, HBAR has fallen by 0.3 percent to trade at $0.09521, almost at the S/R flip zone of $0.094-0.096.
Immediate support lies at 0.09286, whereas the resistance is limited at 0.09595 on the 12 hour chart.
Any movement below $0. 093 would nullify the support flip and
CryptoNewsLand1h ago
