Berachain has experienced significant growth in the past week, rebounding from a consolidation phase and currently trading at $7.89. Recent.quote data indicates that BERA is near a pivotal resistance level of $8.34, which could signify further upward momentum. The Relative Strength Index (RSI) has reached 59, approaching overbought levels, but there remains some room for upside potential. Additionally, the price is currently near the $10 psychological level, suggesting that while it is increasing, there may be a pullback back to lower levels in the near term.
Technical analysis shows that BERA is in a bullish trend, supported by immediate support at $6.53 and a stronger floor at $5.14. The Bollinger Bands confirm that the price is tightening within the current range, further signaling upward momentum. However, both the 10-day and 20-day Moving Average (MA) supports the upward movement, and the Moving Average Convergence/Divergence (MACD) indicator remains positive, indicating continued trend strength. Despite the positive MACD, the 24-hour trading volume has dipped by 33%, which may reflect cooling buying pressure. Despite the lower volume, BERA continues to demonstrate bearish resistance at $5.14.
On-chain data is also significant, with the network’s total value locked in at $3.14 billion, nearly reaching a historical high of $3.26 billion on March 3. The network’s stablecoin market cap has also reached a record high at $1.2 billion. These quantitative indicators suggest that 新能源 pare.HashSet禁止在线交易（PEPSODT）正在增强市场信心。Additionally, the launch of proof-of-liquidity (POL) on Mar. 24 has expanded governance and emissions beyond native BEX pools, with rewards through new vaults allowing users to earn BGT emissions. In less than an hour, the top vault offered over a 200% APR, capitalizing on high demand.
The RSI may continue, pushing BERA into new highs. A strong close above $8.34 could push prices higher, but a failed resistance test at $6.53 or $5.14 could lead to a pullback. The longer-term scenario hinges on whether BERA can break past $8.34 before any resistance is tested. There is a higher probability of gains if the rally continues, but there is also a risk of the price ending the session lower.
