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TronWeekly

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BERA Token Falls by 12%: Bearishness Takes Charge Generating Alarm in the Market

  • BERA token has fallen by 12% and breached a major support level, signaling a bearish trend in the market.
  • Technical indicators like RSI, MACD, and ADX suggest continued downside momentum and high volatility.
  • Analysts advise waiting for a confirmed price above $2.13 before considering trades with strict risk management.
  • The latest technical analysis shows RSI nearing oversold territory at 31.55 and MACD indicating bearish momentum.
  • Market volatility is evident with a Bollinger Bands spread of 38.08%, and the ADX at 41.0 confirms the ongoing declining trend.
  • Key support for BERA is at $1.87; a break below could lead to further decline to around $1.74, while a recovery would require a rise above $2.13.
  • Experts caution against long positions without clear trend reversal signals and advise managing risk carefully.

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