Berachain (BERA) Price Breaks Out of Channel but Faces Crucial Decision Point Ahead

Key Takeaways

• Price is sitting on key historical support at $3.00.
• An impulse wave structure is formed, but the pivot must hold.
• A break above $3.30 confirms bullish wave continuation.

Berachain (BERA) has recently returned to a critical support zone around $3.00, showing early signs of a potential bullish reversal after completing what appears to be a complex corrective wave structure.

The 4-hour and 1-hour charts suggest a decisive pivot point is in play, with the broader trend hanging on the strength of this current range.

A bounce from this area could initiate a new impulse wave, but holding failure may lead to a final corrective low before trend continuation.

BERA Price Analysis

The higher time frame chart shows that BERA completed a corrective A-B-C pattern (Y wave) that began after the peak near $8.70.

This decline formed a falling wedge that broke to the upside in early May, triggering a sharp impulsive wave that reached above $4.70 before retracing into the $3.00 demand zone.

The green box now serves as a key historical support range, which has been tested multiple times since April and is aligned with prior consolidation.

The retracement levels from the macro move (using Fibonacci from $8.74 high to $2.68 low) highlight that the 0.236 level at $4.12 capped the recent rally, although the price came slightly above it.

The Relative Strength Index (RSI) remains neutral but rebounds from oversold territory, suggesting potential for renewed momentum.

Structurally, the price has respected the Elliott wave count with a completed five-wave impulse, possibly entering a wave two correction.

The macro bullish scenario remains valid if BERA holds above $2.90–$3.00. However, a decisive break below $2.68 would invalidate the setup and confirm further downside.

BERA Price Prediction

The lower time frame shows a microstructure within the larger context: BERA appears to form a new five-wave upward structure after the recent decline.

Waves i and ii are already complete, and price is potentially in the early stages of wave iii, which typically sees the strongest move.

The pullback into the green zone marks wave II’s end, aligning with the “pivot point” annotated on the chart.

There’s also an alternative scenario labeled as (w)-(x)-(y)-(x)-(z), which would suggest the current move is part of a complex corrective pattern that could revisit $2.68 if the pivot breaks.

RSI on this timeframe is building strength again, and if price breaks above $3.30 with strong volume, it would confirm the impulsive count.

In the short term, if wave iii develops fully, we can expect a move toward $3.50. Wave v could eventually challenge $3.80–$4.10 (close to the 0.236 retracement level from the higher time frame).

Conversely, if price rolls over and breaches the pivot low at $3.00, the corrective wave (z) might play out, with targets near $2.80.

Therefore, the next 24–48 hours are critical to confirm the bullish or corrective outlook.

A strong, impulsive breakout will signal trend reversal continuation.

Key Levels to Watch

• Support: $3.00, $2.90, $2.68.
• Resistance: $3.30, $3.50, $3.80, $4.12.
• Pivot Point: $3.00 (Key decision level).