BEAM surged from $0.00668 to $0.00695 on June 11, with volume spikes confirming a strong intraday reversal off support levels.
The $0.00779 launch level remains critical, with a clean break likely triggering the next leg toward $0.01200 and higher resistance.
A confirmed triple bottom and broken trendlines signal bullish momentum, with traders closely eyeing volume and RSI for confirmation.
BEAM is trading at $0.00759, posting a 2.47% intraday increase while hovering between a key support at $0.00667 and resistance at $0.00695. The current range reflects indecision, with the $0.00779 coin launch level acting as a critical threshold. Today’s action highlights rising volatility and renewed interest in the altcoin, setting the stage for a potential breakout.
Intraday Chart Action Signals Reversal Setup
June 11 began with a green candle, lifting BEAM off the $0.00667 support zone. Price pushed upward in alternating candles, briefly stalling near $0.00691. Momentum faded by mid-session as sellers pulled the token down toward $0.00675.
Between 12:00 AM and 4:00 AM, BEAM fluctuated, showing signs of hesitation. A rejection candle near $0.00693 reflected short-term resistance pressure. Two red candles followed, reinforcing bearish intent into the early morning.
Source: CoinMarketCap
By midday, bears drove BEAM to its session low at $0.00668, but the move lacked volume to confirm a breakdown. Price quickly rebounded, suggesting demand was still intact. Strong wicks formed during this phase, hinting at accumulation.
From 3:00 PM, a bullish reversal began with a strong green candle. BEAM surged to $0.00695, reclaiming prior highs. Volume spiked noticeably during this push, ending the day near $0.00691 with minor resistance capping gains.
Analyst View: Triple Bottom and Market Shift
A detailed breakdown from Bitcoinsensus outlines a clear triple bottom line pattern shaping BEAM’s long-term structure. This pattern formed after repeated declines since late 2024, with each low defended just above $0.00600. That zone now anchors market sentiment and technical strength.
<embed> https://x.com/Bitcoinsensus/status/1932451835983311025 <embed/>
According to market analyst Bitcoinsensus, the turning point came in early April. BEAM broke a long-standing descending trendline, forming Wave 1, reaching above $0.01000. This confirmed a shift in structure and marked the first real trend reversal in months.
Since then, BEAM has respected the $0.00779 level as support. Buyers continue defending this zone, while volume builds on each test. This signals steady accumulation and increasing trader conviction.
All key bearish trendlines have now been broken. Volume surges during upswings confirm growing participation. The structure points toward a setup for a broader upside move as Wave 2 develops.
Key Levels and Forward Outlook
The $0.00779 zone is now the most crucial level to watch. A break above this threshold could unlock targets between $0.01200 and $0.01700. Momentum traders are waiting for a clean daily close above that mark.
If BEAM fails to hold $0.00700, downside risk grows toward $0.00620, but strong buyer presence may limit losses. Historically, this area has acted as a launchpad for rebounds. Volume patterns suggest that weakness may be short-lived.
Compared to previous cycles, BEAM now mirrors an accumulation-to-breakout structure. Traders should look for long-bodied green candles and RSI divergence as confirmation. If conditions hold, a sustained move higher appears increasingly likely.
The post BEAM Eyes $0.00779 Launch Level Breakout After Intraday Reversal and Volume Surge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
