- Beam crypto price jumped 70% last week.
- RSI is at 78, which highlights buyer dominance.
- Beam price has surged by 500% in the past three months.
Beam (BEAM) price has been in a strong bullish trend and has risen by approximately 500% since November. The price has been consolidating in a parallel channel for the last two months. But in the second week of December, the BEAM crypto price witnessed a strong bullish swipe of 70% and recorded an all-time high of $0.0310 on February 13, 2024.
Current Price – $0.0281 Fear & Greed Index – 79 (Extreme greed)
Market cap – $1.45 billion Green Days – 16/30 (53%)
Volume – $97.82 million Price Prediction – $0.0254 (-9.42%)
Sentiment – Bullish RSI – 78.48
Volatility – 12.97% 100-day EMA – $0.0155
According to our price prediction, Beam could drop by 9.42% to $ 0.025413 by February 18, 2024. Technical indicators suggest that the current sentiment is Bullish while the Fear & Greed Index is showing 79 (Extreme Greed). Beam recorded 16/30 (53%) green days with 12.79% price volatility over the last 30 days.
Technical Analysis of BEAM Price Over Daily Timeframe
At the time of writing, the Beam crypto price is trading at $0.0281 with an intraday gain of 0.10%. The market capitalization is $1.45 Billion and the 24-hour trading volume is $97.82 Million.
Beam price has declined by 8.44% from its all-time high, forming a shooting star candlestick. As the price is bearish near an all-time high, a short-term pullback or profit booking can be expected.
If the price falls to the $0.0250 hurdle and forms a bullish candlestick, a pullback can be expected and the price may fly again to achieve a new all-time high. On the other hand, if the BEAM price fails to defend the $0.0250 mark, the sellers may dominate and the price may slip to the parallel channel.
If the current forming shooting star candle gets converted into a strong positive candle, the price may continue on the bullish trend by forming new all-time highs.
Beam Price Prediction FAQs
What is the BEAM price prediction today?
The Beam price is predicted to drop 2.18% to reach $0.0276 by today.
What is the BEAM price prediction tomorrow?
Based on our analysis, the BEAM price may perform negatively and is expected to drop 4.50% to reach $0.0261 by tomorrow.
What is the Beam price forecast for this week?
According to the price action, the BEAM price is forecasted to react negatively by this week. The price may melt to the $0.0240 mark.
What is the current Beam price sentiment?
The current BEAM price prediction sentiment is bullish according to our technical analysis.
Conclusion
Based on the technical analysis and indicators, the BEAM crypto price is currently in a bullish trend. However, a short-term pullback or profit booking can be expected as the price has declined by 8.44% from its all-time high and is forming a shooting star candlestick. If the price defends the $0.0250 mark, it may fly again to achieve a new all-time high.
Technical Levels
Resistance Levels: $0.0284 & $0.0308
Support Levels: $0.0250 & $0.0215
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.