BEAM Crypto Price Prediction: Can Bulls Form Their Upper Hand?

BEAM crypto traded at $0.01671 at press time, noting an intraday rise of over 1.21%. It boasted a market cap of $826.48 Million and has a circulating supply of 51.66 Billion.

Beam (BEAM) crypto price is slowly recovering from a bearish trend that began in April. After hitting a high of nearly $0.02400, BEAM price fell sharply to a low of $0.01200 by mid-June. Since then,ビーム仮想通貨価格が上昇し始め、過去3ヶ月間で上昇を続け、20日EMAを上回り、0.01800ドル付近で抵抗に遭っています。

After hitting a high of nearly $0.02400,ビーム仮想通貨価格 is now eyeing a breakout from the $0.01800 hurdle. This could propel the altcoin out of the consolidation and lead to a short-term bullish rally.

Here's a closer look at the technical analysis of BEAM crypto price on a daily time frame.

After hitting a low of around $0.01200 in mid-June,ビーム仮想通貨価格 began to recover. It slowly moved up and stayed above the 20-day EMA line.

Now, the altcoin is facing resistance of around $0.01800. Crypto influencer Crypto Habibi recently highlighted this in a post on his Twitter account.

According to him, once BEAM crypto breaks out from this zone, an upsurge of 20-25% could be seen in the near term.

In his recent technical analysis, YouTuber Crypto Habibi stated that the BEAM crypto price is approaching its grey box zone, close to $0.01800. He also noted that once it breaks out from this zone, an upsurge of 20-25% could be seen in the near term.

“$BEAM @BuildOnBeam Grey box is holding well, check in the past what happened once we broke out from that consolidation This is my Biggest #HOLD in #GameFi & its brewing for 25 to 50X from hereDont fade Gaming because its not in the lime light now, your chance to accumulate,” Crypto Habibi said in his post.

Based on the Fib levels,ビーム仮想通貨価格 is seen around the 38.2% hurdle and above the Bollinger band. The Relative Strength Index (RSI) is around 53, indicating a bullish outlook.

Moreover, the MACD indicator just triggered a bullish crossover. It formed green histogram readings and suggests a positive stance for the short term.

A successful close above the $0.01800 hurdle would permit the bulls to crack the range's upper end. They may see a short-term bullish rally ahead.

After hitting a high of nearly $0.02400 in April,ビーム仮想通貨価格 began to fall sharply. It hit a low of around $0.01200 by mid-June.

Now, as BEAM crypto price continues to rise, investors are hoping for a higher surge in the upcoming days.

According to the Global In/Out of the Money (GIOM) indicator, around 7.52 Billion BEAM was purchased by investors. This purchase happened between the price range of $0.01200 and $0.01500.

Around 23% of holders are making money at current prices, while more than 75% of the holders are facing unrealized losses.

These large volumes of purchased tokens were likely to push higher prices, increasing the chances of breaching the 200-day EMA level.

Once this happens, BEAM crypto could see an upswing toward $0.02100 in the short term. According to Messari, the altcoin’s Sharpe Ratio value implies a positive outlook.

Investors have a good chance of getting a higher return on the money. They have a better risk-to-reward ratio now.

The Sharpe ratio was around 0.39 at press time. This means the asset is undervalued and could see a near-term rise.

Data from Coinglass indicates that the OI-weighted funding rate stayed positive throughout the week, around 0.0101% at press time.

Furthermore, the Open Interest (OI) rose over 2.25% to $12.34 Million, signaling a prolonged buildup activity over the past 24 hours.

The immediate support zones for BEAM were $0.01500 and $0.01320. On the other hand, the upside levels to watch out for were $0.01820 and $0.02000.