Berachain (BERA) is demonstrating strong bullish momentum after flipping a key resistance level into support.
The token surged past a key barrier without a retest, highlighting aggressive buying pressure. However, it now faces rejection at a crucial resistance range. Traders are monitoring price movements, with potential buying opportunities at identified support zones. A breakout above the current resistance could push BERA toward double-digit prices.
According to crypto analyst Ijaz Awan, BERA is encountering resistance in the $8.65 – $9.23 range. This zone has historically been a supply area where selling pressure intensified. A daily close above $9.30 could propel the token toward the $10 – $12 range.
$BERA is showing strong upward momentum after breaking resistance and turning it into support.
— Ijaz Awan (@realijazawan) February 21, 2025
The price didn’t retest this level due to a strong green candle. Currently, it's facing rejection at the $8.65 – $9.23 resistance. A good buying opportunity would be around $7.30… pic.twitter.com/g2Ha7dJWcB
On the downside, immediate support lies between $7.30 and $7.50. Awan suggests this level presents a buying opportunity if the price pulls back. Below this, a stronger support zone exists between $6.80 and $6.32, which remains untested since the previous breakout. If the price drops below $7.30, it may find buyers in this lower support area.
Where is the BERA Price Headed?
Awan’s chart outlines two potential outcomes for BERA. In a bullish scenario, the price could dip to $7.30 – $7.50, consolidate, and attempt another breakout. A close above $9.30 on the daily chart may lead to further gains toward $12.
Conversely, a bearish scenario could unfold if the price fails to hold at $7.30. A breakdown below this level may drive BERA toward the $6.80 – $6.32 range. If support fails there, further downside pressure could emerge, leading to new lows.
Market activity remains strong, with BERA recording a 24-hour trading volume of over $716 million. The token has gained 3.01% in the past day and surged nearly 45% in a week, to $8.24, indicating a prevailing bullish trend according to CoinGecko. However, the $9.23 resistance remains a key hurdle.
Traders are watching for a decisive move, as a breakout could confirm bullish continuation, while a failure to hold key support levels may signal increased bearish momentum.
Read also: Injective (INJ) Price Gains Momentum—Will It Surge to $52?
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