$BEAT is under heavy selling pressure after dropping more than 33% in 24 hours.
Price is trading below MA7 at 0.6537 and MA30 at 0.8037 which shows the short term trend remains bearish.
RSI is around 30.9 which means sellers are still in control but the coin is approaching oversold territory.
MACD is also negative and confirms weak momentum.
The key support is around 0.6205. If this level holds we could see a relief bounce. If it breaks then more downside could follow.
For now $BEAT needs to reclaim 0.6537 first to show signs of recovery.
Price is trading below MA7 at 0.6537 and MA30 at 0.8037 which shows the short term trend remains bearish.
RSI is around 30.9 which means sellers are still in control but the coin is approaching oversold territory.
MACD is also negative and confirms weak momentum.
The key support is around 0.6205. If this level holds we could see a relief bounce. If it breaks then more downside could follow.
For now $BEAT needs to reclaim 0.6537 first to show signs of recovery.