$BEAT is sitting around $0.105 after a very aggressive rebound.
The chart tells the story. BEAT spent weeks near $0.10, then briefly exploded into the $8-$10 region earlier this year before collapsing back below $0.10. Today’s move is therefore a recovery attempt, not a clean continuation of the old trend.
What matters now is volume. The current push has taken price from roughly $0.09 to $0.105, but it still needs follow-through before I’d call it a structural reversal.
For the next few sessions, $0.106 is the first level I’d watch. A clean break could open the door toward $0.12-$0.13. If buyers lose $0.09 again, this bounce starts looking much weaker.
I wouldn’t use the old ATH as a near-term target. The chart has too much history between here and there. $BEAT
Not financial advice. Do your own research and manage your risk.
The chart tells the story. BEAT spent weeks near $0.10, then briefly exploded into the $8-$10 region earlier this year before collapsing back below $0.10. Today’s move is therefore a recovery attempt, not a clean continuation of the old trend.
What matters now is volume. The current push has taken price from roughly $0.09 to $0.105, but it still needs follow-through before I’d call it a structural reversal.
For the next few sessions, $0.106 is the first level I’d watch. A clean break could open the door toward $0.12-$0.13. If buyers lose $0.09 again, this bounce starts looking much weaker.
I wouldn’t use the old ATH as a near-term target. The chart has too much history between here and there. $BEAT
Not financial advice. Do your own research and manage your risk.