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The Beam price surged 9% in the last 24 hours to trade at $0.008095 as of 11:39 p.m. EST on trading volume that skyrocketed 341% to $178 million.
The surge helped make BEAM the top trending crypto on CoinMarketCap.
Beam Price On A Sustained Surge
The BEAM price analysis on the 6-hour timeframe shows a bullish breakout from a falling wedge pattern, a classic reversal structure signaling a potential shift from bearish to bullish momentum.
The Beam price previously found support at $0.0048, marking a significant low before starting its upward trend.
After the breakout, BEAM entered a rising channel pattern, moving strongly toward the 200-day Simple Moving Average (SMA) ($0.0086), a major resistance level. The recent price of Beam action suggests buyers are attempting to push above this resistance, but a rejection could result in a pullback.
Meanwhile, the 50-day SMA ($0.0064) has been reclaimed, confirming a shift in trend toward bullish sentiment.
The Relative Strength Index (RSI) is currently at 66.58, approaching the overbought territory, which suggests that bullish momentum is strong.
Moreover, the bullish sentiment is also cemented by the blue Moving Average Convergence Divergence (MACD) trading above the orange signal line, forming a bullish crossover.
BEAM/USDT Chart Analysis (Tradingview)
BEAM Price Prediction
To confirm a continued uptrend, the Beam price needs to break and hold above $0.0086 (the 200-day SMA). If BEAM successfully breaks above $0.0086, the next major resistance is around $0.010 – $0.012, aligning with previous price levels.
However, the RSI approaching overbought levels suggests a potential short-term retracement before another leg up. A rejection at the 200-day SMA could lead to a retrace toward $0.0064 (50-day SMA) before another attempt.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give away real Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 100X after launch.
BTC BULL Token Presale Closes On $4 Million – Next Crypto To Explode?
BTC Bull Token is making headlines after the project surpassed the $3.9 million mark in less than six weeks since its presale launched.
Every time the price of Bitcoin hits a new milestone, the BTC Bull project will reward holders with BTC airdrops.
The first target is $150k, followed by airdrops for every additional $50,000 increase in the price.
A huge BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when BTC reaches $125,000, and repeat for every $25k increase in the Bitcoin price after that.
By reducing supply, that will put upward pressure on the BTCBULL price.
$BTCBULL holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 107% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002425 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 2 days to secure the best deal.
Check out BTC BULL Token here.
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