BEAM Falls Over 3%, Trading at $0.0090

• Daily Trading Volume: Increased by 5%.

The crypto market has experienced significant fluctuations, with assets like Bitcoin and Ethereum remaining relatively stable. Meanwhile, BEAM has dropped over 3.80%, trading at $0.008771 before peaking at $0.009766. Currently, it sits at $0.009085 with a market cap of $448 million and a daily trading volume of $62.66 million.

BEAM has gained over 42.41% in the past week, starting at $0.006373 and reaching a weekly high of $0.009735.

Where Is BEAM Headed Next?

If bearish momentum continues, BEAM may retrace to $0.008911. Further downside could push it to crucial support at $0.0087. Conversely, if it surpasses $0.009174, it may retest $0.009258, potentially leading to a rise toward $0.0095.

The Moving Average Convergence Divergence (MACD) indicates weakening bullish momentum, suggesting a possible downtrend. The Chaikin Money Flow (CMF) at -0.16 shows outflow of money from the asset.

Currently, the Bull Bear Power (BBP) reading of 0.00038 indicates a neutral market, while the relative strength index (RSI) at 64 points to a bullish territory.

Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.