2024

Beam

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>An analyst stated that the BEAM could trigger a parabolic breakout soon on the daily chart.</a> </li> 
 <li> <span>2</span> <a>BEAM asset implies a higher demand and value for the token as the active addresses of BEAM increase over time.&nbsp;</a> </li> 
</ul>  
<p>The Beam asset had been in a bear market for a really long time, as it was heeding a downtrend wedge. However, the price has gotten out of that bearish wedge and has followed a gradual upward trend, displaying signs of an upcoming surge.</p> 
<p>The Beam crypto performed well last month, increasing by 26.87% and rising by 10.04% last week.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-decoding-the-beam-crypto-price-potential-can-it-establish-a-massive-surge-strong"><strong>Decoding the Beam Crypto Price Potential: Can It Establish a Massive Surge?</strong></h2> 
<p>Over the weekly chart, An analyst, GodeLives, tweeted with the bullish sentiment on the X platform that BEAM could go with a parabolic breakout soon on the daily chart.&nbsp;</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24beam&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$beam</a><br><br>parabola will start soon <a href="https://t.co/barFaxtDb0">pic.twitter.com/barFaxtDb0</a></p>— Gödel 
  <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f943.png" alt="🥃" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@godeLives) <a href="https://twitter.com/godeLives/status/1796596919512510683?ref_src=twsrc%5Etfw">May 31, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p>Beam revealed the brutality of bears on the daily chart; the bulls were squashed by bears for a long time. It led the BEAM price to create lower lows and high patterns under the impact of a downward trendline.</p> 
<p>However, the crypto has displayed multiple recovery signals as the price formed support at $0.02100. That was the key level where bears began losing their grip, and bulls displayed resurgence capabilities on the daily chart.&nbsp;</p> 
<p>The Beam looks more promising as the price has gotten out of the declining wedge, has been riding an ascending trendline, and has taken multiple backing from the trendline.</p> 
<p>That could be the outburst point where the bulls may send it soaring on its other attempt on the daily chart. Therefore, if the bulls pour enough power, the Beam crypto could show an enormous surge, crack the resistance level, and rocket to new peaks from the current support level.</p> 
<h3 class="wp-block-heading" id="strong-beam-indicators-analysis-and-price-forecast-strong"><strong>Beam Indicators Analysis and Price Forecast</strong></h3> 
<p>Beam has exhibited bullish strength and rising capacity as it holds above the 20-day and 50-day EMAs.</p> 
<p>Similarly, Beam has exhibited a bullish behavior, as the MACD histogram gap has begun to widen, which stands at 0.000236. The RSI flashed at 59.07 and has yet to be near the 70 level, displaying that the Beam asset has not been facing much resistance and can extend its gains.</p>    
<p><a href="https://in.tradingview.com/chart/BEAMUSDT/wQUQyuiS-BEAM-had-surged-3-93-i/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<p>At press time, BEAM had surged 3.93% in the last 24 hours, trading at $0.02962.</p> 
<p>Therefore, if the demand for BEAM remains high, the price could bounce back strongly from the current level. The next target for the price could be to reach $0.042500 and $0.050000.</p> 
<p>However, if the BEAM crypto price fails to stay above the $0.021000 level, it could decline further and seek rock bottom.</p> 
<h3 class="wp-block-heading" id="strong-a-substantial-rise-in-active-wallet-addresses-of-beam-strong"><strong>A Substantial Rise in Active Wallet addresses of BEAM</strong></h3> 
<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 24-hour window was 683, and the 7-day window was 3679.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (BEAM), Active Addresses 24h (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=onbeam&amp;pt=BEAM&amp;df=2024-05-09T00%3A00%3A00.000Z&amp;dt=2024-06-01T18%3A29%3A59.340Z&amp;emcg=1&amp;wm=active_addresses_7d%3Bactive_addresses_24h&amp;wax=0%3B1&amp;wc=%23FFCB47%3B%235275FF&amp;ws=%3B" scrolling="no"></iframe> 
<p>It illustrates that more people are using and trading the BEAM asset, which implies a higher demand and value for the token as the active addresses of BEAM are increasing over time.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The Beam <a href="https://www.thecoinrepublic.com/2024/04/14/cook-islandss-cryptocurrency-ruling-raises-cybersecurity-issue/" target="_blank" rel="noreferrer noopener">cryptocurrency </a>has recently broken out of a bearish trend and is showing signs of a potential surge. It has seen a significant increase in price over the last month and has displayed multiple signals of recovery.&nbsp;</p> 
<p>The indicators suggest bullish strength and rising capacity, with the potential for further gains if demand remains high. However, a decline is possible if the price fails to maintain a certain level.&nbsp;</p> 
<p>At the time of writing, BEAM had surged 3.93% in the last 24 hours. If the bulls can maintain their momentum, the next price targets could be $0.042500 and $0.050000.</p>

The BEAM Crypto Has Been Primed for a Rally: Can It Gain 1000%?

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Thecoinrepublic.com

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