Beam Price Analysis: Will BEAM Surge to hit $0.18


  • BEAM gained approximately 4.2% within the last 24 hours.
  • The $0.14 support level for BEAM/USD is really strong.
  • Beam is presently valued at $0.027
  • BEAM’s intraday volume stands at $17,920,027.00.

28 April 2024 : In this article we will walk you through Beam price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Beam, Is BEAM a good investment? Beam support & resistance levels etc. But before diving deep into the BEAM technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,383,831,426,687. The total trading volume stands at $52,438,359,001. Bitcoin shares 52.88 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $64,021.47 level after an upward movement of 1.53%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 6.05 percent reaching to $3,308.06 during the previous 24 hours.
While publishing this blog, BNB traded at $600.18, following a price change of 0.93% within the same time frame. SOL the native coin of Solana is up by 5.32 and currently trading at $143.86. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Beam Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Beam (BEAM)

BEAM Resistance Levels BEAM Support Levels
Resistance Level 1 $0.18 Support Level 1 $0.15
Resistance Level 2 $0.19 Support Level 2 $0.14
Resistance Level 3 $0.21 Support Level 3 $0.13

Beam Performance

BEAM has recorded a upsurge, gaining 4.2% in last 24 hours. The current value of Beam is hovering at $0.027 with the trading volume of $17,920,027.00 USD in the same timeframe. The overall marketcap for BEAM is $1,449,117,795.00 USD while the coin price changes -12.12% over the week.

Beam Price Analysis

BEAM price analysis for 28 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Beam.

Moving Averages Price Indicator
Simple Moving Average (10) 0.17 Sell
Exponential Moving Average (10) 0.17 Sell
Simple Moving Average (20) 0.18 Sell
Exponential Moving Average (20) 0.17 Sell
Simple Moving Average (50) 0.18 Sell
Exponential Moving Average (50) 0.18 Sell

The Beam has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take BEAM price below the crucial support level of $0.15. While BEAM’s Williams %R indicator is at -45.515 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The relative Strength Index (RSI) indicates that the BEAM coin is near oversold zone, as RSI is at 38. The BEAM/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market.

Conclusions

BEAM price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Beam to make a one directional move to make a good entry in the market.