Lokesh Gupta
07-06-2024
#Beercoin, a new meme coin on the Solana ecosystem, debuted on May 29th.
Within eight days, its price surged by over 600%, hitting an all-time high before undergoing a correction due to profit booking.
On June 5th, $BEER coin reached another all-time high but then faced profit booking, causing a drop toward the 50% Fibonacci retracement level.
Support from bulls emerged, leading to a price recovery that settled above the 78.60% Fibonacci retracement level.
Parabolic growth is clearly visible on the hourly $BEER/USDT chart.
According to Coin Gabbar analysis, maintaining the price above $0.00050000 could lead to a new all-time high, potentially reaching $0.00090000.
Conversely, if bears drive the price below $0.00050000, the coin might retrace toward $0.00040000, followed by $0.00030000.
KEY LEVELS :
RESISTANCE LEVEL : $0.0007000-$0.0009100
SUPPORT LEVEL : $0.0004000-$0.0002700
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 judgment, 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.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
