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The Beta Finance price dived 62% in the last 24 hours to trade at $0.007350 as of 12:08 a.m. EST on trading volume that soared 126% to $12.3 million.
Beta Finance Price On A Sustained Bearish Trend
The daily chart of the BETA price reveals a strong bearish trend, marked by a prolonged series of lower highs and lower lows. The Beta Finance price has declined within a falling wedge pattern, typically considered a bullish reversal formation.
However, rather than breaking upward, the price of Beta Finance broke below the wedge, a bearish signal indicating a potential continuation of the downward trend.
Following this breakdown, BETA price action continued to fall, confirming the invalidation of the wedge’s potential bullish breakout.
The death cross is a significant technical event on the chart, where the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA, according to GeckoTerminal data.
This classic bearish indicator often signals the start of a long-term downtrend and reflects a shift in market sentiment from accumulation to distribution.
The Relative Strength Index (RSI), currently at 20.86, is deep in oversold territory. While this suggests that the asset is heavily sold and could be due for a relief bounce, it also confirms the presence of bearish momentum.
BETA Price Prediction
Given the confirmed breakdown from the falling wedge and a death cross, the overall outlook for the Beta Finance price remains bearish in the short to medium term.
The price will likely face continued downward pressure without a strong reversal catalyst.
If bearish momentum persists, the next support zone, at around $0.005, could be tested.
Conversely, the oversold RSI may trigger a minor bounce or a brief consolidation phase. If a bounce occurs, the price might revisit the $0.015 level, now acting as resistance, before encountering the declining 50-day SMA.
In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 725K subscribers, says is one of the tokens that has the potential to soar 10X after launch.
Best Wallet Presale Closes On $12 Million – Next 10X Crypto?
Despite current bearish market conditions, the Best Wallet presale remains in full throttle, surpassing $11.6 million in early-stage funding.
The next-generation non-custodial Web3 wallet continues to attract users from incumbents like MetaMask, thanks to its intuitive mobile app packed with advanced features.
The wallet supports more than 60 blockchains and features a built-in DEX, presale aggregator, and crypto debit card.
Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.
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Among the many features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects still in the early stages.
The project’s success in identifying promising cryptos is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered massive gains for early investors.
Investors can also stake BEST tokens for a huge 134% annual return. Currently, BEST tokens are priced at $0.02465.
Those interested should buy before a price hike in around 12 hours.
Check out BEST on its official website.
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