Berachain’s Post-Launch Performance Highlights Challenges for New Blockchains 📉
Berachain (BERA) quickly saw its price dip from $15 after launch, prompting concerns about its ability to maintain momentum. This is a common issue among new L1 and L2 chains, as seen with others like Starknet and zkSync. Hyperliquid is one rare exception, showing strong revenue.
Concerns arose regarding Berachain's hefty token sales to private investors and its cofounder selling tokens. This has raised alarms about potential long-term issues. Market indicators show weak momentum; the ADX suggests a fading trend, with no clear direction yet.
Future price movements depend heavily on overcoming resistance levels. Although BERA has a solid community, its bearish trends pose challenges, making upcoming sessions crucial for recovery.
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