Berachain (BERA) Price Drops Again While Rest of the Market Posts Bullish Gains

Key Takeaways

• The declining structure appears to be fully complete.
• Bullish divergence is seen, hinting at a potential reversal.
• Price action is compressing inside a descending parallel channel.
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Berachain’s (BERA) recent decline has brought the price to an all-time low. Despite the market-wide recovery after yesterday’s sell-off, BERA continued to another low.

Early signs of bullish divergence are seen, with the price reaching the key Fibonacci extension level on the lower timeframe, indicating a reversal might come shortly.

The following analysis examines the broader structure of the 4-hour chart and the short-term recovery prospects visible on the 1-hour chart.

BERA Price Analysis

The 4-hour chart of Berachain shows a completed five-wave Elliott sequence, with the peak of wave (v) near $9.

The price initiated a sharp decline, forming a descending channel whose lower boundary is currently being tested at around $4.

The Fibonacci retracement levels from the rally from February 10 to the March peak suggest that key structural levels have been breached without meaningful consolidation.

BERA broke the horizontal support zone around 0.786 Fib, making a new all-time low.

The price stabilizes above $3.84, implying a potential exhaustion zone.

This area aligns with the end of a double zigzag pattern and intersects with prior support in the $3.90–$4.00 range.

The Relative Strength Index (RSI) in this time frame exhibits bullish divergence, with price making lower lows while RSI forms higher lows.

This setup often precedes a short-term reversal or corrective rally.

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Visually, the impulse down seems complete, and the descending parallel channel is now tight.

The structure suggests a forthcoming rally toward key Fibonacci retracements acting as primary upside targets during a corrective phase.

However, the price action does not currently show any bullish signs, so this should be taken with caution.

BERA Price Prediction

The 1-hour chart offers more detailed insights into the corrective wave structure.

We observe a completed double zigzag labeled W-X-Y, with the final (c) wave of Y bottoming at $3.84, which precisely aligns with the 1.618 Fibonacci extension of the last leg down.

This confluence, paired with the bullish divergence on the hourly RSI, suggests the local bottom may be in place.

A corrective recovery is expected next. If this unfolds as a standard three-wave A-B-C structure, the price could first target the 1.272 extension ($4.64), aligning with descending resistance.

Then, a potential rally toward the 1.0 retracement at $5.50 could occur, given that the price makes a higher low on the next move.

This level is also supported by the previous supply zone, which is marked in green.

If momentum remains strong, the price may challenge the 0.786 retracement at $5.77.

However, failure to hold above $4.00 could negate this bullish thesis and result in a retest of lower levels, with $3.50 as a critical invalidation zone.

The primary short-term outlook anticipates a bounce within the descending channel, with the structure favoring a retracement toward mid-channel resistance.

Watch for confirmation via breakouts above each Fibonacci threshold to validate bullish continuation.

Key Levels to Watch

• Immediate Resistance: $4.64 (1.272 Fibonacci extension).
• Major Resistance: $5.27 (1.0 retracement and prior supply zone).
• Immediate Support: $3.84 (1.618 extensions, current low).
• Secondary Support: $3.50 (channel base and invalidation point).
• Critical Resistance: $5.77 (0.786 Fibonacci retracement from the decline).