Lokesh Gupta
31-05-2024
#BEAM token is surging following news of its listing on Upbit, South Korea's largest crypto exchange.
The listing announcement caused BEAM's price to surge by 29%, with a 21% increase over the past seven days.
Following a peak near $0.044300 on March 10th, the price dropped by approximately 55%.
$BEAM has been trading within the $0.02000-$0.03000 range over the past month.
Post the listing news, the price surpassed the consolidation zone, settling above $0.03000 levels.
According to Coingabbar analysis, If Bulls maintain levels above $0.03000, the price could target resistance levels at $0.03800 and $0.04500.
Failure to sustain above $0.03000 may lead to price retracement towards $0.025000 and $0.020000 levels.
KEY LEVELS :
RESISTANCE LEVEL : $0.037000-$0.045000
SUPPORT LEVEL : $0.25000-$0.020000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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