Beamの‌価格

$BEAM this has a long way to go down

$BEAM down

#BEAM: 984.249 MILLION TOKENS BURNED — CAN THIS SPARK THE NEXT BREAKOUT? BEAM is attracting serious market attention after reports that 984.249 million tokens linked to the Binance hacker, worth approximately $3.37 million at the reported valuation, were burned. The reported burn was executed using a Gnosis Safe Burn Signature, potentially removing a significant amount of compromised BEAM tokens from circulation. Why Traders Are Watching BEAM • Nearly 984.249 million tokens reportedly burned. • The reported event has strengthened bullish speculation around reduced token supply. • BEAM has attracted attention following a sharp price rally and a major increase in trading activity. • Reports indicate a roughly 45% 24-hour rally, accompanied by a substantial volume increase. Technical Analysis — BEAM/USDT The reported breakout has brought $0.00540 into focus as an important resistance area. Key levels to watch: - Resistance: $0.00540 - Immediate support: $0.00445 - Secondary support: $0.00400 - Major support: $0.00340 Bullish Scenario: A confirmed breakout above $0.00540 with strong trading volume could support another upward move. Bearish Scenario: Failure to hold $0.00445 could trigger profit-taking and a deeper correction toward $0.00400 or $0.00340. RSI readings reported around 82 suggest overheated momentum, making chasing the rally particularly risky. My Take: The reported token burn is an interesting development, but traders should distinguish between a supply reduction and guaranteed price appreciation. I could not independently verify the specific burn through an official Beam Foundation announcement. The 984.249 million figure should therefore be treated as reported information, not an independently confirmed Foundation statement. For now, volume confirmation and the $0.00540 breakout level deserve close attention. Waiting for confirmation may be more sensible than chasing a sudden pump. The Big Question: Can BEAM turn this massive reported token burn into a sustained bullish trend, or will early buyers take profits before the next breakout? $BEAM

$GRVT Gaming sector and ecosystem token Beam [$BEAM] has rallied by 45.2% in the last 24 hours, with a 1,115% hike in daily trading volume. The $241.6 million market cap asset has been trending higher since July. While the rest of the crypto sphere panicked and sold after news of the Binance heist broke, $BEAM’s price surged across the board. This relative strength was likely due to its existing bullish momentum. It was reported that the Beam Foundation had burned all the $BEAM tokens in the possession of the Binance hacker. 984.249 million tokens worth around $3.37 million were burned using the Gnosis Safe Burn Signature, which also helped explain the short-term bullish outlook. $BEAM continues its multi-month uptrend In June, $BEAM broke above the downtrend’s lower high at $0.0016, flipping its structure bullishly. The latest bullish continuation came when the $0.00356-high, made on 23rd October, was breached on the 30th. The breakout was on extraordinary volume and the gains continued at the time of writing. Relative to the rest of the market, the latest bullish impulse move was highly noticeable. It is likely the altcoin may be overextended. The RSI on the daily chart was at 82, once again in overbought territory. This does not mean a pullback will immediately follow though. A stretch of ovebought RSI readings earlier in October came alongside a 16.54% move higher over ten days. Traders’ call to action – Take profits and wait for a pullback The 4-hour chart showed that there were two support zones of interest right now. The first was at $0.00445, which was respected over the past 24 hours as a demand zone and the altcoin went to challenge the $0.0054 local highs. The other support zone to watch was the $0.0034 order block that initiated this move higher. Swing traders can think about taking profits and waiting for a pullback, or moving their trailing stop loss order to just below $0.0034, as per their preferred strategy. A pullback towards $0.0040 would likely provide a buying opportunity. However, without a clear sign of a short-term pullback, $BEAM swing traders need to wait and not rush to look for a re-entry.