BEAMX trades at $0.0055045, pressing against a multi-month descending trendline from late 2024.
The chart projects a possible 166% move toward $0.015609 if price breaks above trendline resistance.
Price action has built short-term support near $0.0043, forming higher lows into early July.
BEAMX/USDT has entered a notable technical setup, with price action pressing against a multi-month descending trendline. The chart reveals sustained downward pressure since late 2024, but a recent shift shows price attempting to breach this resistance.
Currently, BEAMX trades at $0.0055045, posting a daily gain as momentum builds near the trendline. Over the past eight months, the token has failed to maintain any upward movement above this declining resistance line. However, with the trendline now flattening, technical compression appears to be weakening its influence.
Daily Chart Shows Breakout Potential Above Long-Term Resistance
The daily chart outlines a clear descending trendline that has capped BEAMX rallies since November 2024. Price touched this line multiple times, rejecting each attempt to climb higher. However, the latest structure shows BEAMX pushing against this trendline again, now with more compressed candlesticks and reduced volatility. This visual compression often precedes stronger directional movement.
https://twitter.com/ZAYKCharts/status/1940649304106192996
Based on chart data, the projected breakout range extends up to $0.015609—roughly a 166% increase from the current price. The green highlight on the chart illustrates this potential move if price sustains above the trendline in upcoming sessions. Traders have closely monitored this setup as it matures, especially given the prolonged consolidation below resistance.
BEAMX Momentum Builds as Price Holds Above Short-Term Support
BEAMX has also established a short-term base near $0.0043, which acted as a consistent support zone in June. Since then, price has recovered gradually, forming higher lows leading into early July. This upward slope adds weight to the current price position pressing against the trendline.
Momentum indicators, though not shown in the provided chart, may become more relevant if volume increases alongside price action. The recent bullish candle pushing toward the trendline coincides with improved intraday movement. However, the market has not yet confirmed a sustained breakout, leaving current levels as critical.
Chart Projection Highlights Upside Target and Risk Zones
The chart’s vertical measurement indicates a projected move of 166.22% from the point of breakout. This target sits near the $0.015609 level, which would represent the highest price since early 2025.
Notably, the risk-to-reward ratio becomes favorable only if BEAMX closes above the trendline on strong volume. Until that occurs, the setup remains in a watch zone. As of the latest update, price continues to hover just below the descending resistance, and traders are watching for a definitive break.
