Beam (BEAM)
Beam (BEAM)
Beam crypto seemed to have faced the most severe bearish attack and has tumbled down nearly 22% a week. The broader market is suffering with high volatility and price turbulence issues which has put Beam crypto investors under a lot of pressure.
Beam price tumbled down after suffering rejection from the key exponential moving average of 20 and 50 days suggesting a short term bearish outlook. The daily chart highlights the long term trend in a correction phase for the last two months.
The recent downturn in the broader markets has dragged Beam price towards the monthly low which if breached may widen the losses. Any break below the recent support of $0.011 may validate a bearish continuation and the price may tumble down towards the next support of $0.01 level.
The daily transaction volume has dropped by 8.6% to $7.8 million. The volume to market cap ratio at 1.32% suggests low volatility.
Beam crypto seemed to have faced the most severe bearish attack and has tumbled down nearly 22% a week. The broader market is suffering with high volatility and price turbulence issues which has put Beam crypto investors under a lot of pressure.
Beam price tumbled down after suffering rejection from the key exponential moving average of 20 and 50 days suggesting a short term bearish outlook. The daily chart highlights the long term trend in a correction phase for the last two months.
The recent downturn in the broader markets has dragged Beam price towards the monthly low which if breached may widen the losses. Any break below the recent support of $0.011 may validate a bearish continuation and the price may tumble down towards the next support of $0.01 level.
The daily transaction volume has dropped by 8.6% to $7.8 million. The volume to market cap ratio at 1.32% suggests low volatility.
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