BERA Berachain Struggles to Gain Market Traction After Airdrop

BERA is down 50% from its intra-day peak after its airdrop, struggling with weak inflows and bearish sentiment amid cautious trading.

The RSI remains below neutral, signaling persistent selling pressure, while the CMF shows weak capital flows, limiting near-term recovery potential.

BERA is trading at $7.61; a rally to $8.72 could be on the cards, but failure could push the price towards the $5.00 support level. Berachain’s native token, BERA, has gotten off to a shaky start, struggling to gain traction amid weak market conditions. The token launch follows the debut of Berachain’s layer-1 proof-of-liquidity blockchain on Thursday.

Along with that, there was an airdrop of 55.75 million BERA, which peaked at a valuation of $1 billion before experiencing a sharp decline. Berachain Loses Traction

The Relative Strength Index (RSI) shows that bearish momentum is currently in control, with the indicator struggling below the neutral level of 50.0. This suggests that selling pressure is greater than buying interest, limiting the potential for an immediate recovery. Traders remain cautious, further contributing to BERA's sluggish performance in the early trading phase.

Given the lack of strong bullish momentum, short-term price growth seems uncertain. If the RSI remains below the neutral level, BERA could continue to face resistance in forming a meaningful uptrend. Without a change in market sentiment, the token may remain under pressure, extending the current consolidation phase.#BERA