Berachain (BERA) Spikes 22% From All-Time Low With Bullish Reversal on the Horizon

Key Takeaways

• A falling wedge breakout may confirm a trend reversal.
• An impulsive five-wave rally signals a bullish short-term structure.
• RSI confirms momentum shift after bullish divergence.

Berachain (BERA) fell to an all-time low on May 6, but since then, it has made a 22% bounce, sparking bullish momentum from oversold conditions.

Price action is now testing the upper boundary of a descending channel, hinting at a potential breakout.

We analyzed the broader structure and short-term wave development to gauge the likelihood of continuation versus rejection.

BERA Price Analysis

On the 4-hour chart, Berachain formed a falling wedge pattern, which traditionally signals a bullish reversal upon breakout.

The asset bottomed at $2.70, slightly below the 1.618 Fib extension of the previous decline, confirming support at this level.

Notably, the Relative Strength Index (RSI) marked a substantial bullish divergence, breaking above 50 for the first time in weeks, suggesting renewed momentum.

The previous corrective structure, labeled WXY, appears to have completed, with Wave Y terminating on the May 6 low.

The confluence of trendline support and Fib level helped trigger this bounce.

The price is now approaching $3.30–$3.40 below the wedge resistance.

A clean breakout above this diagonal could lead to $4.25 (1.272 Fib) targets and $5.20 (macro resistance and previous support zone flip).

From a macro perspective, the full return to $8.70 remains plausible only upon reclaiming the $5.20–$5.95 range (prior breakdown region).

Until then, BERA will likely face resistance around $4.25 and consolidate further.

With strong bullish signals from structure and RSI, momentum now favors the bulls, but confirmation above $3.60 is key for follow-through.

BERA Price Prediction

The 1-hour chart reveals an impulsive five-wave structure initiating from the $2.70 low.

The current price near $3.29 appears to be completing sub-wave (iii), with (iv) retracement likely targeting the $3.10–$3.15 area before a final push toward $3.50–$3.60 completes wave (v).

The structure is impulsive, supporting the idea that a short-term uptrend is underway.

Once the five-wave impulse concludes, a three-wave corrective move labeled as (a)-(b)-(c) is expected.

This may return the price to the $3.00–$3.05 level, near the 1.618 Fib again, now acting as strong structural support.

If this correction is shallow and holds above $3.00, it could confirm bullish continuation with an extended move toward $5.20, aligning with the macro wedge breakout projection.

Alternatively, failure to hold above $3.00 would invalidate the bullish count and likely resume the larger downtrend toward $2.40.

However, given the impulsive nature of the current rise and momentum on the RSI, the bullish case holds more weight now.

A confirmed breakout above $3.60 sets the larger bullish scenario toward $4.25 and $5.20.

Key Levels to Watch

• Immediate Support: $3.04 (1.618 Fib + wedge base)
• Wave (iv) Retracement Zone: $3.10–$3.15
• Structural Resistance: $3.60 (wedge breakout)
• Wave High Target: $4.25 (1.272 Fib)
• Macro Resistance: $5.20 (prior breakdown + major Fib confluence)