Berachain’s BERA Struggles to Gain Market Traction After Airdrop 📉
Berachain's BERA token is finding it difficult to make a mark in the market after its recent airdrop, amidst unfavorable market conditions. Despite an initial high valuation, the token faced a sharp decline.
The Relative Strength Index (RSI) points to bearish momentum, hampering BERA's recovery potential as sellers dominate buyers, while the Chaikin Money Flow (CMF) suggests weak capital inflows due to investor skepticism.
Currently trading at $7.61, BERA remains constrained by the prevailing bearish sentiment, highlighting a need for renewed interest to drive a rally and escape its consolidation phase.
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