What's Behind the BEAM Price Increase? | Credit: Hameem Sarwar
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Key Takeaways
BEAM follows a descending resistance trend line.
The price trades inside a horizontal trading range.
What was behind the BEAM price increase today?
The BEAM price has traded without any volatility for the past two months but suddenly surged by 30% today.
Interestingly, the price volatility does not seem news-driven, as expected with such extreme movement.
However, the rally could not be sustained, and the BEAM price has retraced nearly all of its gains.
With that in mind, let’s examine the charts and figure out what lies ahead.
BEAM Price Analysis
The BEAM price fell 90% after December 2024, reaching a low of $0.0042 in June 2025.
At first, the BEAM price created a horizontal support level at $0.054, but broke down below it during the June low.
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Nevertheless, BEAM reclaimed the area by creating a bullish candlestick, engulfing it the same week and breaking it out from the diagonal resistance the next.
Since the breakout, BEAM has created a horizontal range between $0.0055 and $0.0098, making an unsuccessful breakout attempt this week (red icon).
After the rejection, the BEAM price trades in the middle of the range.
Momentum indicators are promising. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) created bullish divergences before the ongoing rally.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
