$BEAMX has had a rough day, but the latest short-term activity is starting to look interesting.
The price is currently at $0.002544, down 14.7% over the last 24 hours. However, BEAMX just moved up 1.6% in one minute, with $71.9K traded during that period.
What caught my attention is the buying pressure. Buyers accounted for $50.8K, around 71% of the recent volume. That suggests some traders are stepping in after the sharp drop.
The 24-hour volume on Binance is also quite strong at $19.1M, so there is plenty of activity around the token.
Still, a short-term bounce doesn't automatically mean the downtrend is over. I'd want to see whether buyers can keep this pressure going and turn it into a more meaningful recovery.
For now, BEAMX is definitely one to watch.
Do you think this is the start of a recovery, or just a temporary bounce after the sell-off?
The price is currently at $0.002544, down 14.7% over the last 24 hours. However, BEAMX just moved up 1.6% in one minute, with $71.9K traded during that period.
What caught my attention is the buying pressure. Buyers accounted for $50.8K, around 71% of the recent volume. That suggests some traders are stepping in after the sharp drop.
The 24-hour volume on Binance is also quite strong at $19.1M, so there is plenty of activity around the token.
Still, a short-term bounce doesn't automatically mean the downtrend is over. I'd want to see whether buyers can keep this pressure going and turn it into a more meaningful recovery.
For now, BEAMX is definitely one to watch.
Do you think this is the start of a recovery, or just a temporary bounce after the sell-off?
