Berachain eyes resistance after 36% weekly gain

Berachain won more than 35% in last week, taking up the forces after a consolidation phase.

Merchant at $ 7.89 from press time, Berachain (He) Approach a crucial level of resistance of $ 8.34. An escape by here could open the way to additional gains, perhaps towards the psychological price of $ 10. The relative force index has climbed to 59, approaching the levels of over -racout, but always leaving the place upwards.

With immediate support at $ 6.53 and a stronger floor at $ 5.14, Bollinger bands indicate that the price is tightened in a range. The medium of moving estimated at 10 days and 20 days support additional ascending movements, confirming the upward trend.

The convergence / average mobile convergence indicator is still positive at 0.282, indicating continuous dynamics. However, the 24 -hour negotiation volume fell 33% to 187.7 million dollars, which suggests a certain cooling in the purchase pressure.

Berachain’s bullish case is supported by data on the chain. The total value of the locked network increased to 3.14 billion dollars, which brings it closer to its record summit of $ 3.26 billion on March 3, according to Defillama data.

Between March 23 and March 25, the decentralized scholarship trade volume Of $ 36 million to $ 132 million. In addition, the market capitalization of the network reserve reached a record summit of $ 1.2 billion.

Berachain’s last rally follows the launch of its system of proof of liquidity on March 24, expanding governance and emissions beyond its native Bex pools. POL allows users to win awards thanks to new safes distributing BGT programs. In a few hours, active incentives reached $ 355,000, the best safe offering an APR of more than 200%.

With Bera still at 45.8% below its summit of $ 14.83, traders look closely if it can exceed $ 8.34. Firm firmness above this level could increase prices, but failure can start a decline at $ 6.53 or $ 5.14. The next RSI decision will probably determine whether the rally continues or if the profit is settling in.