BullishBanter
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🚨 $BERA /USDT: Post-Listing Frenzy Turns Bearish – What's Next? 🚨
$BERA recently made a massive splash on Binance, skyrocketing to an all-time high of $16 after its initial listing. However, the hype quickly fizzled out as the price retraced sharply, now stabilizing around $7.905, reflecting a loss of over 50% from its peak. This dramatic pullback is typical for newly listed coins as early buyers lock in profits, causing significant downward pressure.
The immediate support lies at $7.50, which could act as a consolidation zone if buyers re-enter. However, if this level breaks, BERA might slide toward $6.00, a key psychological level. On the upside, resistance at $10.00 is critical for any recovery attempt. Traders should remain cautious and closely monitor volume spikes for potential reversal signals. With volatility at its peak, this is a high-risk, high-reward scenario for short-term traders.
#Write2Earn! #BERA
$BERA recently made a massive splash on Binance, skyrocketing to an all-time high of $16 after its initial listing. However, the hype quickly fizzled out as the price retraced sharply, now stabilizing around $7.905, reflecting a loss of over 50% from its peak. This dramatic pullback is typical for newly listed coins as early buyers lock in profits, causing significant downward pressure.
The immediate support lies at $7.50, which could act as a consolidation zone if buyers re-enter. However, if this level breaks, BERA might slide toward $6.00, a key psychological level. On the upside, resistance at $10.00 is critical for any recovery attempt. Traders should remain cautious and closely monitor volume spikes for potential reversal signals. With volatility at its peak, this is a high-risk, high-reward scenario for short-term traders.
#Write2Earn! #BERA
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