Million

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>Social dominance sentiment also demonstrates a negative trend, with waning user acceptance of BEAM. </a><a> </a></li><a> </a>
 <li><a> <span>2</span> </a><a>Currently trading at $0.03189, BEAM declined 3.92 % in the last 24 hours, with a critical support level at $0.028500. </a></li>
</ul>
<p>BEAM crypto has been showing an intense contest between the bears and the bulls. The price was in bulls’ favor earlier but bears stepped in on March 9th, 2024. After taking control, the bears formed lower lows and highs on the daily chart.</p>
<h2 class="wp-block-heading" id="strong-beam-price-and-volume-analysis-strong"><strong>BEAM Price And Volume Analysis</strong></h2>
<p>According to the Santiment chart, the BEAM chart shows the relationship between the volume and price of the <a href="https://www.thecoinrepublic.com/2024/04/05/gigachad-meme-coin-analysis-what-next-in-giga-cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>. In the first week of March 2024, both the BEAM asset volume and price were relatively high, indicating increased interest and activity in the market. The volume mostly remained above $130.0 Million, and the price peaked at around $0.044 by March 10th.</p>
<p>However, after March 10th, both the volume and price of BEAM crypto declined abruptly, indicating a decrease in demand and excitement. The trading volume decreased below $100 Million quickly and the price declined drastically from $0.044 to $0.029. The current volume on the Santiment website is at $23.04 Million and the price is at $0.032.&nbsp;</p>
<p>The chart describes the price and volume of BEAM, and it indicates a decline in both, which illustrates a continuing downtrend.</p> <iframe loading="lazy" title="Santiment Chart: Price (BEAM), Volume (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bonbeam%3BBEAM%5D%3B%5B1%3Bvolume_usd%3Bonbeam%3BBEAM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-social-dominance-of-beam-crypto-strong"><strong>Social Dominance Of BEAM Crypto</strong></h2>
<p>The social dominance sentiment is an indicator of the increasing or decreasing acceptance of BEAM crypto among users. The social dominance chart displays a negative trajectory over the period in the BEAM.&nbsp;</p>
<p>The social volume of the BEAM crypto seems to be declining in recent sessions with the price fall. It indicates a continuation of the ongoing short-term trend and a fall in the social volume also indicates the decreasing awareness regarding BEAM crypto.&nbsp;</p>
<p>The decreasing social dominance may adversly affect BEAM price as the decreasing participation of users may signal low demand and push the BEAM asset price towards a fall.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (BEAM), Price (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bonbeam%3BBEAM%5D%3B%5B1%3Bprice_usd%3Bonbeam%3BBEAM%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-active-addresses-on-decline-in-beam-crypto-strong"><strong>Active Addresses On Decline In BEAM Crypto</strong></h2>
<p>Active addresses refer to unique addresses of BEAM users who participate in one or more transactions within a given timeframe. The number of distinct addresses in the BEAM that participated in a transfer for the given asset in the past 1-hour window is 31 transactions, the 24-hour window is 571 transactions, the 7-day window is 3300 transactions, and the 30-day window is 15.1 K transactions.&nbsp;</p>
<p>This illustrates that the people who are using and trading the BEAM are declining, which implies lesser demand and value for the BEAM crypto as the active addresses are decreasing over time. These terms highlight the short-term and long-term trends of a BEAM crypto’s activity and its adoption.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 30d (BEAM), Active Addresses 7d (BEAM), Active Addresses 24h (BEAM), Active Addresses 1h (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bactive_addresses_30d%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_7d%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_24h%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_1h%3Bonbeam%3BBEAM%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF%3B%23FF8450&amp;ws=%3B%3B%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-beam-price-prediction-over-daily-chart-strong"><strong>BEAM Price Prediction Over Daily Chart</strong></h2>
<p>At the time of publishing, the BEAM crypto is experiencing a decline of -3.92% in the last 24 hours and is currently trading at $0.03189.</p>
<p>Therefore, if the BEAM crypto price fails to stay above the $0.028500 level, it could decline further and reach lower levels.</p>
<p>On the flip side, if the demand for the BEAM asset price increases, it could bounce back strongly from the current level. The next goal for the price could be to reach $0.040000.</p> 
<p><a href="https://in.tradingview.com/chart/BEAMUSD/IrGmDDmg-BEAM-crypto-is-experiencing-a-decline/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>BEAM crypto has seen a shift in market dynamics, with bulls losing control to bears on March 9th, 2024. The Santiment chart shows a correlation between volume and price, indicating a peak in interest and activity in the first week of March. However, a sudden decline in both volume and price post-March 10th suggests decreasing demand and excitement.&nbsp;</p>
<p>Social dominance sentiment also demonstrates a negative trend, with waning user acceptance of BEAM. Social volume and active addresses in BEAM transactions are decreasing, signaling a decline in user participation and potential impact on the asset’s value.&nbsp;</p>
<p>Currently trading at $0.03189, BEAM faced a 3.92 % decline in the last 24 hours, with a critical support level at $0.028500. If demand increases, a bounce-back to $0.040000 is possible, otherwise, further decline is anticipated.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.028500</p>
<p><strong>Resistance Levels</strong>: $0.040000</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will BEAM Price Deteriorate Further Or Turn Around Soon?

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