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BEAM Prediction: Is Rally Sustainable or a Bullish Mirage?

31-May-2024 By: Lokesh Gupta
BEAM Prediction: Is Rally Sustainable or a Bullish Mirage?

BEAM's open interest spikes 44%, valued at $20 Million

  • #BEAM token is surging following news of its listing on Upbit, South Korea's largest crypto exchange.

  • The listing announcement caused BEAM's price to surge by 29%, with a 21% increase over the past seven days.

  • Following a peak near $0.044300 on March 10th, the price dropped by approximately 55%.

  • $BEAM has been trading within the $0.02000-$0.03000 range over the past month.

  • Post the listing news, the price surpassed the consolidation zone, settling above $0.03000 levels.

  • According to Coingabbar analysis, If Bulls maintain levels above $0.03000, the price could target resistance levels at $0.03800 and $0.04500.

  • Failure to sustain above $0.03000 may lead to price retracement towards $0.025000 and $0.020000 levels.

KEY LEVELS :

RESISTANCE LEVEL : $0.037000-$0.045000

SUPPORT LEVEL : $0.25000-$0.020000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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