Berachain price once again made the breaking news with its impressive price action over the past 24 hours. Amid the ongoing volatility in the cryptocurrency market, where top tokens are struggling around their important resistance/support levels, the Bera price has recorded a double-digit surge.
Notably, with a total supply of 500 million BERA tokens and a market cap of $915.32 million, the Bera token has secured the 73rd position with a market dominance of 0.0316%. Considering the present market sentiments, investors are wondering if Berachain still a good investment?
Berachain Surpasses Tron, BNB, Ethereum, & Solana In terms of Fees!
While the top blockchains record a massive cut in their monthly transactions and revenue, Berachain has gained significant attention from the crypto market by displaying a 209% surge in its transactions and a 9.8% jump in its fee revenue to $22,030 over the past month.
Although the number looks relatively less when compared to the top chains, the Bera blockchain has successfully outperformed projects like Tron, BNB chain, Ethereum, and Solana in the 30-day frame.
With over 332,500 active addresses, the Bera chain price has surged 11.32% overnight and has surpassed the $8 mark. While recording ~229,734 failed transactions on 26th March, it has successfully processed 1,038,079 transactions, making a success rate of 81.86%.
BERA Chain Price Forms Bullish Trend!
The Moving Average Convergence Divergence (MACD) indicator has displayed a Golden Cross in the 4H time frame, highlighting increased bullish pressure. On the other hand, the SMA indicator constantly supports the Berachain price chart. This suggests a sustained positive action for the altcoin in the upcoming time.
If the market favors the bulls, the Bera coin price could maintain its positive influence and retest its immediate resistance trend level of $9.350. Notably, a sustained bullish sentiment could result in it heading toward its upper price target of $12.
On the contrary, a bearish rejection could pull the price of Berachain toward its support trend level of the channel pattern. Moreover, an intensified negative influence may result in its retesting at a low of $7.150 in the coming days.
Also Read: Berachain Soars 37% in 7 Days! Will BERA Price Hit $10?
