BEAMX/USDT Holds Above 200 MA, Testing Key Resistance Levels
$BEAMX

200-Period Moving Average (MA)

The current price of BEAMX/USDT is $0.01646, which is just above the 200-period moving average at approximately $0.01616. This suggests a mildly bullish bias, as the price is trading slightly above this long-term trend indicator. If the price holds above this level, it may indicate sustained bullish momentum.

Volume-Weighted Average Price (VWAP)

The VWAP is at $0.01598, below the current price. Trading above the VWAP supports a short-term bullish outlook, suggesting ongoing buying interest. If the price remains above this level, it could reinforce the current upward trend, while a drop below the VWAP may imply potential selling pressure.

Relative Strength Index (RSI)

The RSI is currently at 65.45, showing moderately strong bullish momentum. While it’s not yet in overbought territory, this level suggests that the market is approaching a potential pullback or consolidation phase. A further rise in the RSI could confirm sustained buying interest.

Moving Average Convergence Divergence (MACD)

The MACD line is at 0.00018, with the signal line at 0.00012, and a positive histogram of 0.00006. The MACD line being above the signal line supports a bullish outlook, with the positive histogram indicating growing upward momentum. If this trend continues, further price gains may follow.

Bullish Scenario: If BEAMX/USDT can maintain its position above the VWAP and 200 MA, it may target the next resistance level at $0.01800. A sustained move above this level could lead to further gains toward $0.02000.

Bearish Scenario: If the price fails to sustain above the VWAP and drops below $0.01598, it could revisit the support zone around $0.01500. A breakdown below this support may suggest further downside potential toward $0.01400.