Based

FOMO

Beam

<ul class="list-ic vertical">
 <li><span>1</span> <a>BEAM crypto price is trading below the key moving averages showcasing bearishness on the daily chart.</a></li>
 <li><span>2</span> <a>The crypto halted at $0.04401634, breaking below EMA Levels.</a></li>
</ul>
<p>BEAM has been falling from its peak levels and forming lower-low structures. It has entered a bearish trend after breaking below the 100-day moving average, which could lead to the formation of a new lower low and the continuation of the downtrend.</p>
<p>The 100-day moving average has been broken by the BEAM crypto price, with a decrease of 22.63% seen over the last month. Despite attempting to sustain its high, BEAM crypto has reversed its direction and continues to be on a downtrend, indicating further weakness in the market. The market is currently trading below the dynamic support trendline, which could result in further downside. The bear’s strength over bulls was observed in the last trading session.</p>
<p>Traders and investors should exercise patience and wait for a clear signal before making any moves, as well as avoiding FOMO and minimizing losses.</p>
<h2 class="wp-block-heading" id="strong-beam-crypto-price-vs-volume-analysis-strong"><strong>BEAM Crypto Price vs Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (BEAM), Price (BEAM) MA(50), Price (BEAM) MA(30)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=onbeam&amp;pt=BEAM&amp;df=2023-10-17T18%3A29%3A59.471Z&amp;dt=2024-04-17T18%3A29%3A59.471Z&amp;sat=shchcfg_h7186gdYBpgE&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3B%5B2%3Bprice_usd%3BMA50%5D%3B%5B2%3Bprice_usd%3BMA30%5D&amp;wax=0&amp;wc=%2326C953%3B%23FF5B5B%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%3B" scrolling="no"></iframe>
<p>According to the volume and price graph, the trading volume has increased in the past few days while the price has declined. The decline in price has been significant in the last few days, which suggests that the price is expected to continue to decline in the long term.</p>
<h2 class="wp-block-heading" id="strong-beam-crypto-social-dominance-vs-social-volume-strong"><strong>BEAM Crypto Social Dominance vs Social Volume</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (BEAM), Social Volume (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=onbeam&amp;pt=BEAM&amp;df=2023-10-17T18%3A29%3A59.471Z&amp;dt=2024-04-17T18%3A29%3A59.471Z&amp;sat=shchcfg_h7186gdYBpgE&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Based on the social dominance and social volume graph, the social dominance and social volume have been increasing for the last few months which has left a negative impact on the price. Furthermore, the momentum of the BEAM <a href="https://www.thecoinrepublic.com/2024/04/16/cel-price-is-near-demand-zone-can-bulls-succeed-in-a-pullback/" target="_blank" rel="noopener noreferrer nofollow">price</a> may depend upon the change in social dominance and volume dominance.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-beam-crypto-price-strong"><strong>Technical Analysis of BEAM Crypto Price</strong></h2> 
<p><a href="https://in.tradingview.com/chart/BEAM2USD/TXeDBSug-BEAM/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/writer12_gsm/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>BEAM crypto price fell 9.24% last week; it declined by 25.27% through the month. Furthermore, Beam Crypto experienced weakness in recent times showing bearishness on the daily technical chart.</p>
<p>At the moment, the BEAM cryptocurrency price (USD: Beam) is trading below the 100-day DMAs (Daily moving averages), which do not support the price trend. If bulls want to make a comeback, they will have to rise and sustain the price above the 100-day EMA. However, the sellers seem to be more aggressive as compared to buyers.</p>
<p>The current value of RSI is 41.24 points. The 14 SMA is above the median line at 42.02 points which indicates that BEAM is bearish.</p>
<p>The MACD line at -0.00201203 and the signal line at -0.00164047 are below the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the Beam crypto price.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The BEAM cryptocurrency price is currently in a bearish trend, with sellers dominating on higher levels. Technical oscillators such as MACD, RSI, and EMAs support the bearish trend, indicating that the downtrend may continue. BEAM price has been falling and forming lower-low structures, and it has entered a bearish trend after breaking below the 100-day moving average. Traders and investors should exercise patience and wait for a clear signal before making any moves, as well as avoiding FOMO and minimizing losses.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $0.02041</p>
<p>Resistance Levels: $0.03118</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

BEAM Crypto Price Prediction: What Are The Next Targets For It?

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