Beam

Show

Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The BEAM price is trading at $0.07521 with an intraday increase of 0.78%.&nbsp;</a></li>
 <li><span>2</span> <a>Active addresses also decrease, signaling dwindling demand and value.&nbsp;</a></li>
</ul>
<p>The price structure of BEAM on the daily chart was impressive, and the fight between bulls and bears was intense. By October 20th, 2023, the price had favored bulls from the demand area at $0.025000 and had flown to the $3.00 level by December 3rd, 2023.</p>
<p>However, by December 4th, 2023, the BEAM cryptocurrency had experienced a decline in price after reaching a crucial supply level of about $3.00 on the charts.</p>
<p>After touching the resistance level, BEAM crypto experienced a significant crash, falling to lower levels while following a structure of lower lows.</p>
<p>Similarly, BEAM asset still exhibits bearishness after a significant decline and continues to show signs of falling capacity as it slides below the significant trend in the 20-day and 50-day EMA bands. The decline could deepen further, depending on sellers’ surge.</p>
<p>MACD is below the zero line, and the RSI is not close to the 30 level at 31.26, indicating that the BEAM asset is not facing significant buying pressure yet and could continue to fall.</p>
<p>The BEAM coin asset is showing bearish signs and could continue to decline. Results from the previous week, month, and quarter showed a steady downward movement of -10.83%, -31.25%, and -20.83%, respectively.</p>
<p>At press time, the BEAM price was $0.07521 with an intraday increase of 0.78%. Therefore, if the price breaks the immediate critical support level of $0.06300, it will reach lower levels. However, if the<a href="https://www.thecoinrepublic.com/2024/04/26/solice-crypto-price-forecast-will-slc-bounce-back-in-2024/" target="_blank" rel="noopener noreferrer nofollow"> price</a> recovers and breaks the above resistances, the BEAM price targets would be $0.13000 and $0.16000.</p> 
<p><a href="https://in.tradingview.com/chart/BEAMUSDT/WLcUZxuR-BEAM-asset-still-exhibits-bearishness/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h2 class="wp-block-heading" id="strong-beam-crypto-volume-analysis-strong"><strong>Beam Crypto Volume Analysis</strong></h2>
<p>Moreover, the BEAM crypto noted a significant and continuous decline in the volume inflow in the last few weeks. The average volume has fallen from $146 Million in March to the current volume inflow of nearly $20 Million volume by April last week.&nbsp;</p>
<p>The intraday volume received was at $23.57 Million with a rise of nearly 17.87% as compared to the previous day. Also, the live market capitalization of BEAM crypto was $1.390 Billion and it ranks 62nd in the overall crypto market.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Volume (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=immutable-x&amp;pt=IMX&amp;df=2023-09-04T00%3A00%3A00.000Z&amp;dt=2024-04-27T18%3A29%3A59.598Z&amp;sat=shchcfg_XcbRHBk8rC_y&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bvolume_usd%3Bonbeam%3BBEAM%5D&amp;wax=0&amp;wc=%23FF5B5B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-active-addresses-are-on-the-decline-in-beam-crypto-strong"><strong>Active Addresses Are On The Decline In BEAM Crypto</strong></h2>
<p>The BEAM crypto’s active addresses are unique addresses of users who participate in one or more transactions within a specific timeframe. Within the last 24-hour window, 397 distinct addresses participated in a transfer, while in the 7-day window, 2594 distinct addresses participated, and in the 30-day window, 11.5K unique addresses were involved in a transfer.&nbsp;</p>
<p>This implies that the BEAM asset is losing users and traders, indicating an decrease in demand and value for the crypto. It also indicates that the number of active addresses for BEAM is decreasing over time.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 30d (BEAM), Active Addresses 7d (BEAM), Active Addresses 24h (BEAM), Active Addresses 1h (BEAM)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=immutable-x&amp;pt=IMX&amp;df=2023-09-04T00%3A00%3A00.000Z&amp;dt=2024-04-27T18%3A29%3A59.598Z&amp;sat=shchcfg_XcbRHBk8rC_y&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bactive_addresses_30d%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_7d%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_24h%3Bonbeam%3BBEAM%5D%3B%5B1%3Bactive_addresses_1h%3Bonbeam%3BBEAM%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF%3B%23FF8450&amp;ws=%3B%3B%3B" scrolling="no"></iframe>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>BEAM’s price structure on the daily chart impressed as bulls and bears fought intensely. From $0.025000 in October, it soared to $3.00 by December 3, favoring bulls. However, a decline followed on December 4 after reaching a crucial $3.00 supply level, leading to lower lows. Bearish trends persist as MACD is below zero, RSI at 31.26, and declining volume inflow. Active addresses also decrease, signaling dwindling demand and value.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.06300</p>
<p><strong>Resistance Levels</strong>: $0.13000</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

BEAM Crypto Is Declining Abruptly, Can It Show Resurgence Soon?

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