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Beam Price Prediction: BEAM Coin Explodes 18% But Crypto Expert Says This Bitcoin ETF-Themed Altcoin Might 10X

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Beam price
Beam price

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The Beam price soared 18% in the last 24 hours to trade for $0.0117 as of 4:25 A.M. EST, alongside a 275% surge in trading volume.

The move saw BEAM hit an all-time high of $0.0127, an intra-day high recorded on December 2 before a quick correction. Nevertheless, it remains among the biggest daily gainers.

The surge caught many off guard, denying many traders an entry as it continued to pump hard.

Some traders remain optimistic, anticipating more gains for the cryptocurrency, with one trader observing that the token is about to “start another parabolic leg higher.”

Beam Price Prognosis As BEAM Pumps Hard

Measured from a market range stretching from $0.0039 to $0.0128, Beam price is sitting right above the critical Fibonacci retracement level of 61.85 at $0.0094. However, based on the Relative Strength Index (RSI) BEAM is already overbought at 71. As such, a pullback could be underway, with the altcoin likely to break below the 61.8% Fibonacci.

Amid expected profit taking, Beam price could descend to test the 9-day Exponential Moving Average (EMA) at $0.0098, before testing the 50% Fibonacci retracement level at $0.0084. A break and close below this level would invalidate the current bullish outlook. This could set the tone for a continuation of the slump, with the altcoin slipping below the Parabolic SAR at $0.0080.

In the dire case, the slump could extend for the price to lose the support offered by the 23.6% Fibonacci retracement at $0.0060, or worse.

Beam price
TradingView: BEAM/USD 1-day chart

On the flipside, the price continues to enjoy strong support downward, including the Parabolic SAR and the 9-day EMA. Buying pressure from these potential entry levels could see Beam price extrapolate the gains, clearing the range high of $0.0128.

In a highly bullish case, Beam price could reach higher to hit the local top at $0.0140. Such a move would constitute a 20% climb above current levels.

Meanwhile, another token, BTCETF, is presenting as a promising alternative to BEAM. The project is in the presale stage, and has racked up sales of $2.268 million out of a target of $2.876 million.

Promising Alternative To BEAM

BTCETF is the ticker for the Bitcoin ETF Token project, standing out for being the only ecosystem that rewards token holders when spot Bitcoin exchange-traded funds are approved. With experts anticipating an imminent launch in January, now is the time to ride the wave, and what better way to do it than with a project that rewards you just for ownership?

The project is in the seventh stage of the presale, with the token selling for $0.0062. Traders who missed the sixth stage price can take advantage of this stage to buy BTCETF.

The project also has a 5% burn tax that helps reduce the token supply and thus support the price.

Visit Bitcoin ETF Token to buy BTCETF in the presale here.

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