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.