I wrote yesterday that it had surged 19% against the trend, and today $BERA proved me wrong: down 27% in 24 hours, currently around $0.094, with an intraday low of $0.0868—a new all-time low.
My take is straightforward: yesterday’s rebound wasn’t a reversal, just a dead-cat bounce in a bear market. A 15% increase in on-chain transactions wasn’t enough to support the price, which suggests buyers were just passing through, not stepping in to catch the falling knife.
Here are the numbers:
- Yesterday’s close was $0.1042; today it opened at $0.1297 before plunging to $0.0868, with an intraday range of nearly 35%
- It’s down 52.7% in a month and 84% year to date, and has fallen 99.4% from its all-time high of $14.83
- The whole market is down, but BERA is among today’s biggest losers. BTC is down only about 3% today, while BERA is down 27%
Key levels / signals to watch next:
- Above $0.1042 (yesterday’s closing price): selling pressure may ease, and an oversold rebound could continue
- Below $0.0868 (today’s intraday low): it could keep setting new all-time lows, with $0.08 as the next round-number level to watch
- If it recovers above $0.115 on strong volume, my thesis in this post is invalidated—that would be a true reversal
This is analysis only; I don’t hold a position. Writing that it was up yesterday and down today isn’t flip-flopping—the price changed, so the view has to change too.
Will it move above $0.1042 or fall below $0.0868? Which do you think?
#BERA #暴跌 #NewAllTimeLow
This is only my personal analysis and is not investment advice.
My take is straightforward: yesterday’s rebound wasn’t a reversal, just a dead-cat bounce in a bear market. A 15% increase in on-chain transactions wasn’t enough to support the price, which suggests buyers were just passing through, not stepping in to catch the falling knife.
Here are the numbers:
- Yesterday’s close was $0.1042; today it opened at $0.1297 before plunging to $0.0868, with an intraday range of nearly 35%
- It’s down 52.7% in a month and 84% year to date, and has fallen 99.4% from its all-time high of $14.83
- The whole market is down, but BERA is among today’s biggest losers. BTC is down only about 3% today, while BERA is down 27%
Key levels / signals to watch next:
- Above $0.1042 (yesterday’s closing price): selling pressure may ease, and an oversold rebound could continue
- Below $0.0868 (today’s intraday low): it could keep setting new all-time lows, with $0.08 as the next round-number level to watch
- If it recovers above $0.115 on strong volume, my thesis in this post is invalidated—that would be a true reversal
This is analysis only; I don’t hold a position. Writing that it was up yesterday and down today isn’t flip-flopping—the price changed, so the view has to change too.
Will it move above $0.1042 or fall below $0.0868? Which do you think?
#BERA #暴跌 #NewAllTimeLow
This is only my personal analysis and is not investment advice.