## Berachain (BERA) Value Increases: Here’s the Cause
The native Berachain token, BERA, has been on a strong uptrend, attaining its highest valuation since the beginning of Toncoin (TON) Value Forecast for March 26th. This rise is driven by increasing impetus in its decentralized finance (DeFi) environment.
The valuation of BERA is rising in conjunction with the total market capitalization of stablecoins inside the Berachain environment, which has now exceeded $1 billion. This increase occurs as the wider DeFi space gains ground. According to DeFi Llama, the total value locked (TVL) in the Berachain network has risen dramatically to a record $3.2 billion, a considerable increase from its year-to-date low of $770 million.
The recent introduction of a “proof-of-liquidity” function, which compensates users for supplying liquidity, has also increased BERA’s valuation. Key actors in the Berachain environment, including BEX, Beefy, Beradrome, Stride, and BurrBear, are contributing to the expansion by adding substantial assets. They have launched 37 new reward vaults that will distribute BGT emissions across the environment.
Infrared Finance, a liquid staking network inside Berachain, now holds over $2.13 billion in assets, representing a 38% increase in the previous month. Data from their website shows that active incentives soared to $355,000 within hours of launch, with the largest providing an amazing annual percentage yield (APY) of roughly 215%. Berachain (BERA) valuation has risen to a high of $7.45, which is 42% greater than its lowest point this year. This increase has increased its market capitalization to over $795 million.
## Berachain Valuation Analysis
According to Murrey Math Lines, Berachain’s valuation has reached the final resistance level of $7.8125. Looking at the three-hour chart, BERA has recovered from a low of $5.25 this month to a high of $7.8. It has broken over the critical resistance level of $7.08, which constitutes the upper boundary of an ascending triangle pattern. This triangle is regarded as one of the most optimistic continuation signals on the market.
The upward direction of both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggests a potential continuation of the bullish trend. Buyers are targeting the intensely overbought zone at $8.60. Notably, this price point represents the peak volatility observed on March 3. A breach of the $7 support level would nullify the positive forecast.
