BERA surges 13% in 24 hours, nearing its all-time high! Will it break resistance or face a pullback?
BERA Leads the Market with Double-Digit Gains
Layer-1 (L1) coin BERA has skyrocketed 13% in the past 24 hours, making it the top-performing crypto asset during this period. This rally has pushed BERA closer to its all-time high of $15.20, fueling renewed investor interest.
Why Is BERA Pumping?
The surge is backed by strong buying pressure, as reflected in the Chaikin Money Flow (CMF) indicator, which currently sits at 0.04, above the zero line. This upward trend suggests that investors are pouring capital into BERA, reducing the chances of a short-term spike followed by a crash.
Additionally, BERA recorded $316,120 in spot inflows on Wednesday. This follows $2.6 million in outflows on Tuesday, signaling a shift toward direct buying activity on spot exchanges. Increased spot inflows often indicate bullish momentum, as investors are holding rather than selling.
Will BERA Break Resistance or Face a Pullback?
Currently, BERA trades at $6.52, just below a key resistance level at $8.49. If demand continues to rise, the altcoin could break past this barrier and aim for its all-time high of $15.20.
However, if profit-taking increases, BERA may struggle to maintain momentum. A failure to hold above $5.37 could send it further down to $3.89.
