BEAM token has experienced a significant surge in its value following the news of its listing on Upbit, which is recognized as South Korea's largest cryptocurrency exchange. The announcement of the listing resulted in a remarkable 29% increase in BEAM's price, demonstrating a notable 21% surge over the past week alone. Despite reaching a peak close to $0.044300 on March 10th, the price encountered a substantial drop of around 55%. Throughout the last month, the trading range of $BEAM has been stable between $0.02000 and $0.03000. Post the listing update, the price transcended the consolidation zone and settled above the $0.03000 mark. As per the analysis by Coingabbar, should the Bulls maintain price levels above $0.03000, the target resistance marks are anticipated to be at $0.03800 and $0.04500. However, failure to sustain above $0.03000 could result in price retracement towards levels at $0.025000 and $0.020000.
Key Levels:
Resistance Level: $0.037000-$0.045000
Support Level: $0.25000-$0.020000
Disclaimer: It is important to note that the information provided by Coingabbar is solely for informational purposes and should not be regarded as financial advice. Users are strongly encouraged to carry out their research, exercise prudence, and understand the associated risks of any financial assets, including cryptocurrencies and NFTs. Coingabbar does not hold liability for any financial losses incurred. Given the high volatility of cryptocurrency and NFT markets, users are advised to consult with financial experts and evaluate their risk tolerance prior to making investments.
Comments