CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-05 07:02:55

Berachain price crashes to all-time low as $2.7B Boyco unlock on May 6 threatens further breakdown

Berachain’s price has plunged to a new all-time low after the breakdown of a key support level, with the looming $2.7 billion Boyco Vaults unlock on May 6 threatening to trigger further downside pressure. Berachain ( BERA ) recently plunged to a new all-time low of $2.82 on May 4, marking 80% decline from its post-launch all-time high of $14.83. This also reflects a drop of approximately 68% from the most recent local peak of $8.94 on March 29. That steep and sustained sell-off from March 29 peak found a temporary relief on April 9, when buyers came in around the $3.20 level, evidenced by a large bullish candle accompanied by a spike in volume on the daily chart. This established $3.20 as a critical horizontal support zone, while resistance formed around $4.20. Source: TradingView However, on May 3, the $3.20 support was broken, with a daily close below it at around $3.14 confirming a bearish breakdown. The sell-off accelerated further on May 4, pushing the price down to its all-time low of $2.82. The price has since rebounded slightly, currently trading at $2.95. You might also like: Berachain leads in net bridge flows and TVL growth, but BERA price is still bearish Berachain ‘s token has been trading well below both the EMA 20 and SMA 50 since early April, and the recent breakdown of the $3.20 support level has driven the price even further beneath these downward-sloping moving averages, reinforcing the bearish trend. RSI sits at 29, deep in the oversold zone and not yet rebounding, indicating ongoing weakness. The MACD histogram is slightly positive, but both lines are still below zero and flat, indicating negative and low momentum. ATR suggests low volatility while Bollinger Band Width is very narrow, indicating squeeze conditions—often followed by sharp moves. With the recent breakdown of a key support level and price trading below EMA 20 and SMA 50, combined with BBW squeeze conditions, a further breakdown is likely—especially with the looming $2.7 billion TVL unlock from Boyco Vaults scheduled for tomorrow, May 6. The next likely breakdown zones are the psychological levels of $2.50, then $2.00, and potentially $1.50 if the liquidity from the TVL unlock unleashes extreme sell pressure. Source: Berachain pre-deposit vaults | DuneAnalytics You might also like: BeraFi, the 1st Berachain project, shots up 270% after a string of exchange listings

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen