Berachain (BERA) Rallies 13%, Eyes Return to $15.20 All-Time High 📈
The Layer-1 cryptocurrency BERA has seen a significant boost, jumping 13% in value in the past day, positioning itself as the top performer during this period. This surge has brought it closer to its all-time high of $15.20, sparking renewed investor interest.
Driving this growth is robust buying pressure, evidenced by an upward Chaikin Money Flow (CMF) of 0.04, reflecting strong capital inflows into BERA. This data underlines sustainable growth, minimizing risks of a short-term spike.
Additionally, significant spot inflows totaling $316,120 were recorded after a previous outflow of $2.60 million, hinting at renewed investor confidence.
Currently trading at $6.52, BERA faces resistance at $8.49. Should investor demand continue, it may surge past this level towards reclaiming its previous high. Conversely, increased profit-taking could see it drop to $5.37, or even further to $3.89 if support levels are not maintained.
Source: beincrypto.com ↗