bullish

Stronger

Berachain

Convergence

Divergence

<ul class="wp-block-list">
 <li>Berachain jumps to $7.89, posting a 14% rally.</li>
 <li>BERA’s daily trading volume soars by 168%.</li>
</ul>
After a short-lived bullish correction, the crypto market is experiencing a combination of losses and gains. While others are fighting for a recovery, Berachain (BERA) has beaten the uncertainty and emerged as one of the leading gainers with a 14.57% increase in value.&nbsp;
The potent bulls have driven the <a href="https://coinmarketcap.com/currencies/berachain/" target="_blank" rel="noopener noreferrer nofollow">price</a> to reach a daily peak of $8.03, breaking through its crucial resistance levels from a low of $6.86. Surpassing the upcoming resistance could pave the way for further gains.
At the time of writing, Berachain trades in the $7.89 range, with the daily trading volume resting at $254 million. Notably, the market has observed a <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">liquidation</a> of $1.07 million worth of Berachain during this timespan.&nbsp;
BERA has climbed by over 29.91% in the last seven days with the asset opening the week trading at around $6.03, and the bulls maintained the trading pace without dropping to the current trading level.&nbsp;
<h3 class="wp-block-heading" id="h-will-bera-bulls-hold-their-ground">Will BERA Bulls Hold Their Ground?</h3>
Berachain’s active upside correction could push the <a href="https://thenewscrypto.com/will-berachain-bera-extend-its-gains-or-hit-resistance/" target="_blank" rel="noopener noreferrer nofollow">price</a> climb to $8.05. Upon assuming a continuous bullish trajectory for the asset, the price might jump to $9 and clearing this zone could fuel a strong bullish action.&nbsp;
A death cross may form if the bullish trend stalls, and it could lead Berachain to encounter a series of <a href="https://thenewscrypto.com/will-berachain-bera-rally-to-7-70-or-fall-to-7-20/" target="_blank" rel="noopener noreferrer nofollow">support</a> levels between $7.78 and $6.71. Further slippage in price might trigger a steep fall below this range.&nbsp;
In addition, BERA’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line. This infers a bullish crossover and the price may potentially rise, demonstrating a resilient uptrend.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXepTGWdCtUeqLmxveNVEYmTJn04CzzLtAUWkiZTdUkWhFJDQoOjL-eLtp5ggWHwc8ba-Xv2QZ-w1joCfKUBUOkw_hsACgCwyPnmNQs_PTvh2f8P3mbxNjgoJkc4kMo_vuaqnErxtA?key=E09AgzJda9t32b2qOQbLZt5N" alt="">
 <figcaption class="wp-element-caption">BERA chart (Source: <a href="https://in.tradingview.com/symbols/BERAUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
The Chaikin Money Flow (CMF) indicator of the asset is settled at 0.01, hinting slight accumulation and the price may consolidate or experience a slight surge. Concurrently, the daily trading volume of Berachain has increased by over 168%.
BERA’s daily relative strength index (RSI) at 70.79 <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3ABERAUSD" target="_blank" rel="noopener noreferrer nofollow">suggests</a> that the asset is nearing overbought territory, indicating strong bullish momentum. Moreover, the Bull Bear Power (BBP) reading of 0.9200 indicates that bulls are stronger than bears.
Disclaimer: The opinion expressed in the article is solely the author’s. It does not represent investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.
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Berachain Climbs 14%, Is a Stronger Breakout Ahead?

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