Berachain (BERA) Bulls Push for $12—Can They Overcome Key Resistance?

2025-2-21 15:45

Berachain (BERA) is demonstrating strong bullish momentum after flipping a key resistance level into support. 

The token surged past a key barrier without a retest, highlighting aggressive buying pressure. However, it now faces rejection at a crucial resistance range. Traders are monitoring price movements, with potential buying opportunities at identified support zones. A breakout above the current resistance could push BERA toward double-digit prices.

According to crypto analyst Ijaz Awan, BERA is encountering resistance in the $8.65 – $9.23 range. This zone has historically been a supply area where selling pressure intensified. A daily close above $9.30 could propel the token toward the $10 – $12 range.

$BERA is showing strong upward momentum after breaking resistance and turning it into support.

The price didn’t retest this level due to a strong green candle. Currently, it's facing rejection at the $8.65 – $9.23 resistance. A good buying opportunity would be around $7.30… pic.twitter.com/g2Ha7dJWcB

— Ijaz Awan (@realijazawan) February 21, 2025

On the downside, immediate support lies between $7.30 and $7.50. Awan suggests this level presents a buying opportunity if the price pulls back. Below this, a stronger support zone exists between $6.80 and $6.32, which remains untested since the previous breakout. If the price drops below $7.30, it may find buyers in this lower support area.

Where is the BERA Price Headed?

Awan’s chart outlines two potential outcomes for BERA. In a bullish scenario, the price could dip to $7.30 – $7.50, consolidate, and attempt another breakout. A close above $9.30 on the daily chart may lead to further gains toward $12.

Conversely, a bearish scenario could unfold if the price fails to hold at $7.30. A breakdown below this level may drive BERA toward the $6.80 – $6.32 range. If support fails there, further downside pressure could emerge, leading to new lows.

Market activity remains strong, with BERA recording a 24-hour trading volume of over $716 million. The token has gained 3.01% in the past day and surged nearly 45% in a week, to $8.24, indicating a prevailing bullish trend according to CoinGecko. However, the $9.23 resistance remains a key hurdle.

Traders are watching for a decisive move, as a breakout could confirm bullish continuation, while a failure to hold key support levels may signal increased bearish momentum.

Read also: Injective (INJ) Price Gains Momentum—Will It Surge to $52?

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Berachain (BERA) Bulls Push for $12—Can They Overcome Key Resistance? appeared first on CaptainAltcoin.

origin »

Selfkey (KEY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0055279
Капитализация $0 Rank 99999
Доступно / Всего 0 KEY

key resistance bera berachain past surged 160

key resistance → Результатов: 126