BEAM Price Up 82% Since March Low — Confirming Bullish Reversal

Key Takeaways

• Reversal from long-term demand zone starting on March 11.
• The next significant resistance is at the $0.010 area.
• More upside is expected, but a temporary pullback is likely next.
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BEAM has completed a substantial multi-month corrective structure and shows strong trend reversal signals.

With the price rebounding from a critical demand zone and early impulsive waves forming, the asset may set the stage for a broader bullish cycle in the months ahead.

BEAM Price Analysis

The daily chart of BEAM illustrates a completed five-wave impulsive structure in 2023. A multi-year W-X-Y corrective decline within a descending parallel channel follows this.

The price bottomed near the $0.0051 area on March 11, coinciding with the historical support zone, and then nearly reverted to its starting price.

After establishing a low of around $0.0051, the price initiated a bounce, breaking out of the descending structure and increasing by 82% to a recent high of $0.0098.

The Relative Strength Index (RSI) reversed from oversold territory, indicating renewed bullish interest.

Key Fibonacci retracement levels from the previous high now act as resistance checkpoints — particularly $0.0116 (0.786 Fib) and $0.0185 (0.618).

These are representing potential medium-term targets if the rebound continues.

This structure suggests the corrective phase has matured, and BEAM could now be in the early stages of a new bullish cycle.

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A confirmed move above the 0.786 level would be a strong bullish signal, paving the way for the asset to retest deeper resistance zones into mid-2025.

The daily RSI’s rising slope supports this transition from accumulation to breakout. As long as BEAM stays above $0.007, this provides a bullish undertone.

BEAM Price Prediction

On the 1-hour chart, BEAM is currently unfolding a classic five-wave Elliott structure from its recent low. Wave (iii) is also nearing completion, around $0.0093.

After a short correction for wave (iv), likely down to around $0.0085–$0.0080, the final leg of this impulsive structure (wave (v)) would be expected.

Should the price hold above the $0.080 area on the expected pullback, further upside toward the $0.0116 zone, aligning with the 0.786 Fibonacci retracement, will likely follow.

Wave (ii) corrected modestly, suggesting strong underlying momentum. The RSI on this intraday chart remains supportive, showing steady growth without major divergences.

If wave (iv) maintains a shallow retracement and respects the prior breakout zone, BEAM could push decisively toward the $0.012 range in the coming sessions.

Furthermore, this would complete the initial impulse and potentially trigger a larger consolidation or continuation pattern.

Failure to hold above $0.0076 (wave (ii) support) would invalidate the current wave count and suggest a deeper correction or a fakeout rally.

However, the clean structure and breakout from long-term compression favor bullish continuation.

A retracement could follow after the wave (v) peak before setting up the next macro impulsive leg toward the 0.618 Fib ($0.0185) and beyond later in 2025.

Key Levels to Watch

• Immediate Resistance: $0.0116 (0.786 Fibonacci retracement).
• Key Resistance: $0.0185 (0.618 Fibonacci retracement).
• Major Resistance: $0.0234 (0.5 Fibonacci retracement).
• Immediate Support: $0.0080 (wave (iv) potential zone).
• Critical Support: $0.0070 (breakdown of wave (ii) invalidation).
• Short-Term Target for Wave (v): $0.0116.
• Invalidation Zone: Below $0.0070.