$BERA is facing a brutal reality check. After a surge of 315%, this altcoin has plummeted more than 18% in just 24 hours, trading around $0.655. With trading volume collapsing 75% to only $331 Million, momentum has reversed sharply, opening the door for a much deeper correction.

🔹 Technical Danger Zone (Support Lost)

  • The latest drop has pushed $BERA below the crucial local support level at $0.706. The Average Directional Index (ADX) is at a high of 33.65, confirming this is a strong and ongoing downtrend, not just a minor pullback.

  • If BERA fails to reclaim support at $0.706 immediately, it risks free-falling another 45% to the area of $0.35. To reverse the structure, the daily candle must close above the resistance level of $0.777.

🔸 TVL & Contrarian Sentiment

  • On-chain data from DeFiLlama reveals that the Total Value Locked (TVL), network revenue, and D.E.X volume have all decreased over the past three days, demonstrating a weakening in user activity and market confidence evaporating.

  • Market sentiment is contrarian but heavily tilting towards the bears. Although $644k was withdrawn from the Spot exchange, implying some buying pressure, the futures market tells a different story. Traders have built up short positions with massive leverage of up to $3.71 Million at the resistance of $0.708, completely overwhelming the $641k of long orders trying to defend the support at $0.64.

🔹 Momentum is fading against massive short pressure.

  • Technical Breakdown / High Downside Risk.

  • The trend is firmly in the hands of the bears. With TVL declining and the shorts fiercely defending the resistance area of $0.708, the least troublesome path is downward. If the support at $0.64 breaks, prepare for a quick dump to $0.35.

$BERA has lost ecosystem activity and the shorts have built a wall of $3.7 Million at resistance. Are you catching a falling knife at $0.64, or waiting for a dump of 45% to the area of $0.35?

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