BEAT heats up, rallies 30%! A key level stands before Audiera’s ATH
The post BEAT heats up, rallies 30%! A key level stands before Audiera’s ATH appeared on BitcoinEthereumNews.com.
BEAT remains on a bullish path after recording a 30% rally, adding significant value to the asset. This surge has pushed BEAT to a critical level on the chart, a resistance zone that could either validate the bullish sentiment or trigger a reversal if rejected. BEAT faces a key obstacle Audiera [BEAT] has traded within a broader bullish structure on the four-hour timeframe. The price action has formed an ascending triangle, a bullish consolidation pattern that often precedes a breakout once price clears the overhead resistance. BEAT now trades at this resistance zone, highlighted by the dotted red lines on the chart. A decisive move above this level remains necessary to confirm a sustained rally. Source: TradingView This marks BEAT’s fourth attempt to break above the zone. The previous three attempts failed, and a similar rejection could push the asset lower. However, a confirmed breakout would significantly increase the likelihood of BEAT setting a new all-time high, marked by the blue level on the chart. Momentum supports the upside Technical indicators showed that momentum continued to support the rally, suggesting BEAT could maintain its upward trajectory. Moving Averages reinforced this view, as the 20-day and 50-day SMAs remained above the 100-day and 200-day SMAs. This alignment signals that the near-term trend stays firmly bullish. Source: TradingView The Bull Bear Power (BBP) indicator, which measures whether bulls or bears dominate the market, also supports this outlook. A positive BBP reading of 0.51 at press time indicated that buyers controlled price action. If the shorter-term SMAs continue to hold above the longer-term averages, BEAT could gather enough momentum to break above resistance, particularly if buying pressure persists. Fundamental strength adds support Beyond technicals, on-chain developments continue to strengthen BEAT’s bullish outlook. A key factor remains the ongoing token burn, a mechanism designed…
