Beam (formerly Merit Circle) coin *$BEAMX هي* -
Gaming & Privacy DAO, and today it exploded +29.17% 🔥
Its current price: *0.002741$*
Today's peak: *0.003043$*
Today's low: *0.002096$*
Trading volume: *33.18B BEAMX / 93.85M USDT*
*Accurate technical analysis for the coming hours (15-minute timeframe):*
_1. The correction has truly started:_
The price hit the upper Bollinger Band (BOLL UP) at *0.003176*, reached the top at 0.003043, then immediately dropped *-9.9%*. This is a classic pattern for the start of a correction after a pump.
_2. RSI gives a sell signal:_
It was above *78* (very strong overbought) and now *42.16*. Falling from 78 to 42 means strong selling momentum and buyers exited.
_3. Volume is weakening:_
The first bullish candle had volume *1.53B*; now the red candles have only *1.62M*. This means there are no new buyers supporting the price.
*Expectations for the coming hours (2–6 hours):*
- *First correction target: 0.002671$* (Bollinger Band middle line BOLL MB) — additional drop *-2.5%*
- *If it breaks:* second target 0.00244$ — 0.00245$ (very strong support) — a drop of *-11%* from the current price
- *The correction scenario is invalid only if:* a 15-minute candle closes above *0.00295$* with high volume again
*Summary:*
BEAMX is up +29.17% today and reached 0.003043$. It’s now in a healthy correction phase that started from the peak. Next support: 0.002671$, then 0.00244$ in the coming hours. If you’re a quick trader, watch the correction closely; if you’re a long-term investor, wait for support zones to enter.
This is not investment advice; trading involves high risk. DYOR
*Share your opinion: do you see BEAMX bouncing from 0.00267$ or continuing the drop to 0.00244$BEAMX ?*
Gaming & Privacy DAO, and today it exploded +29.17% 🔥
Its current price: *0.002741$*
Today's peak: *0.003043$*
Today's low: *0.002096$*
Trading volume: *33.18B BEAMX / 93.85M USDT*
*Accurate technical analysis for the coming hours (15-minute timeframe):*
_1. The correction has truly started:_
The price hit the upper Bollinger Band (BOLL UP) at *0.003176*, reached the top at 0.003043, then immediately dropped *-9.9%*. This is a classic pattern for the start of a correction after a pump.
_2. RSI gives a sell signal:_
It was above *78* (very strong overbought) and now *42.16*. Falling from 78 to 42 means strong selling momentum and buyers exited.
_3. Volume is weakening:_
The first bullish candle had volume *1.53B*; now the red candles have only *1.62M*. This means there are no new buyers supporting the price.
*Expectations for the coming hours (2–6 hours):*
- *First correction target: 0.002671$* (Bollinger Band middle line BOLL MB) — additional drop *-2.5%*
- *If it breaks:* second target 0.00244$ — 0.00245$ (very strong support) — a drop of *-11%* from the current price
- *The correction scenario is invalid only if:* a 15-minute candle closes above *0.00295$* with high volume again
*Summary:*
BEAMX is up +29.17% today and reached 0.003043$. It’s now in a healthy correction phase that started from the peak. Next support: 0.002671$, then 0.00244$ in the coming hours. If you’re a quick trader, watch the correction closely; if you’re a long-term investor, wait for support zones to enter.
This is not investment advice; trading involves high risk. DYOR
*Share your opinion: do you see BEAMX bouncing from 0.00267$ or continuing the drop to 0.00244$BEAMX ?*
