Technical Analysis: Berachain (BERA) is a blockchain platform that recently launched its mainnet on February 6, 2025. Following the launch, BERA’s price experienced significant volatility.
After debuting at around $15, BERA experienced a sharp drop to $7.68, which was caused by significant liquidation of long positions. Currently, BERA’s price is hovering around $8.12.
Daily trading volume reached $938 million, indicating high market interest despite the price drop.
Fundamental Analysis:
Berachain uses a Proof-of-Liquidity (PoL) consensus mechanism and has allocated 15.8% of its total token supply for airdrops to eligible users. Additionally, the community has pre-staked over $2.1 billion on the network prior to launch, indicating strong confidence in the project.
Although BERA has shown high price volatility following launch, significant community interest and participation can be a positive indicator for its long-term prospects. However, investors should remain cautious and consider the risks associated with investing in newly launched crypto assets.
