Beam crypto price has resumed its bullish momentum after bears failed to drag the price lower in the morning session. On the 4-hour chart, it was observed that the crypto started the day on a negative note and the price retreated below the 20-Day EMA.
However, the buyers made a strong comeback in the afternoon session as the price surged after trimming off the morning losses. At the time of writing, the Beam crypto was up nearly 5%.
Moreover, if the buyers can hold on to the gains till the end of today’s session, it may validate the possibility of a short-term bull run in the crypto. The bulls and bears struggled a lot in the last two sessions in order to gain control over the trend.
The daily BEAM/USD chart noted the formation of pin bar candles in the last couple of sessions indicating a pause in the trend. Now, the buyers seem to have established their domination and a strong intent to push the price higher.
Is Beam Crypto Set To Reclaim All Time High?
BEAM crypto is drawing an upward trajectory and is headed upwards. The crypto has traversed all the way from a low of $0.00424 in October 2023 to a current market price of $0.0358.
Currently, Beam crypto is hovering near its all time value of $0.041 and might conquer this level in the coming sessions if it rises higher with momentum.
Beam Price Fundamental Overview
Starting its Journey in October 2023, Beam crypto gained traction and was successful in attracting investors and traders. The BEAM price gained traction from the very start and turned into a multi-bagger for Investors and traders.
The crypto delivered a significant return of over 740% in the last 4 months and is yet to slow down.
Beam aims to create a flexible and immersive blockchain gaming ecosystem. $BEAM is the native token of the Beam network which is used to pay for transactions and smart contracts and to govern the decentralized autonomous organization (DAO).
Beam Price Prediction February 2024
The price prediction of Beam crypto for February month shows that the crypto may continue to rise higher and attain a new all time high. Current ATH is $0.04 which if broken may unlock price potential till the higher levels of $0.045.
The bearish view of our analysts assumes the price to drop till the 50-Day EMA by the month end near $0.030 level.
Beam Price Prediction 2024
The price forecast for the year 2024 highlights that the BEAM token price could reach a high of $17.30, suggesting a potential gain of over 64.36%. Moreover, the bearish outlook of the analysts hopes the price could reach $14.29 by the year-end.
Beam Price Prediction 2025
By 2025 Beam price may have achieved a higher level of $0.07 if the most optimistic conditions prevail in the market. On the contrary, the less positive view of analysts hope for the price to hover somewhere near $0.054 level.
