BERA Price today

Berachain received significant liquidity inflows, leading to a total of $112.8 million. However, BERA’s price decline is accompanied by intense selling pressure, resulting in a drop in Total Value Locked from $3.495 billion to $3.187 billion.

Short traders are dominating the market, reflected in a negative funding rate. The BERA’s price has potential support at $5.538, with targets of $7.20 and $8.89 if bullish trends emerge.

In the past week, Berachain (BERA) has suffered a 30% decline amid strong bearish sentiment. Negative funding rates and substantial outflows, amounting to approximately 2,000,000 USD, signal ongoing downside risks. Maintaining support at 6.07 USD is crucial, as falling below could set prices towards 4.74 USD, contrary to a hoped-for rise to 7.36 USD.

In the last 24 hours, the Layer-1 token BERA has experienced substantial gains, with a 13% increase pushing its value towards 15.20 USD, its highest historical mark. Significant buying activity and positive metrics in Chaikin Money Flow illustrate a healthy investor interest.

Currently trading at 6.52 USD, BERA faces key resistance at 8.49 USD. Should buying pressure increase, a breakout may occur. However, there are profit-taking risks, potentially leading to a drop to 5.37 USD, highlighting the volatility in the crypto market.

Berachain (BERA) has struggled to maintain its initial valuation, quickly falling from 15.00 USD. Market indicators show weak momentum with diminishing trend strength, making it uncertain if BERA can establish long-term value.

Private investors hold a considerable amount of BERA tokens, which contributes to sustained sell pressure. Analysts express worries about the high percentage of token supply sold in private rounds, stressing the need for Berachain to prove its value to avoid downward trends.