"BERA's Volatile Dance: Bulls vs Bears at $7 Resistance"

Berachain (BERA) has been exhibiting significant volatility on the hourly chart, with recent price action forming both higher highs and sharp retracements. After reaching a peak above $9, the price corrected downward, falling below $6 before bouncing back. Currently, BERA is trading around $6.68, leaving traders wondering if the price will break above $7 and initiate a new bullish run, or if another leg down is imminent.

This analysis will delve into BERA’s key support and resistance levels, technical indicators, and possible price targets in the short term. Berachain’s price action has formed a V-shaped recovery after testing a support level near $6, suggesting that buyers are stepping in at lower prices. However, despite this bounce, BERA price is currently facing resistance at $7, a level that previously acted as support before breaking down.

If bulls manage to push BERA above $7, the next target would be around $7.50-$8, where strong selling pressure may reappear. However, failure to break past $7 could result in another retest of the $6 support zone. The Relative Strength Index (RSI) is currently at 45, which suggests that the asset is in a neutral zone—neither overbought nor oversold. Earlier, RSI dipped into the oversold territory, causing a strong rebound. However, RSI has started declining again, which could indicate that bullish momentum is weakening.

For a confirmed bullish trend, RSI needs to break above 55-60 and hold there. If RSI falls below 40, it could signal renewed selling pressure, leading to another leg down. Berachain is currently trading between strong support at $6.00-$6.20 and immediate resistance at $7.00. A breakout above $7.00 could send BERA toward $7.50-$8.00, while a breakdown below $6.00 could lead to a further decline toward $5.50 or lower.

For short-term traders, these levels will be crucial in determining the next move. If BERA consolidates between $6.50-$7.00, a breakout or breakdown could set the stage for the next trend. For BERA price to retest its previous highs near $9.00, it