# Berachain Pursues Obstacle Following a 36% Weekly Increase
Berachain has revived its upward drive after a duration of strengthening, ascending over 35% in the prior week.
Toncoin (TON) Value Forecast for March 26th
At the time of this composition, Berachain (BERA) is being exchanged at $7.89, drawing near a crucial obstacle stage at $8.34. A victorious advancement could prepare for additional increases, possibly attaining the mental stage of $10. The Relative Strength Index (RSI) has risen to 59, approaching overbought area but still with space to function.
Berachain’s prompt assistance exists at $6.53, with more powerful assistance at $5.14. Bollinger Bands signify price compression within a spectrum. The 10-day and 20-day shifting averages both uphold additional advantage, verifying the optimistic inclination.
The Moving Average Convergence Divergence (MACD) stays affirmative at 0.282, implying sustained upward drive. However, 24-hour exchanging volume has diminished by 33% to $187.7 million, demonstrating a cooling of purchasing pressure.
On-chain information bolsters the optimistic perspective for Berachain. According to DefiLlama, the network’s Total Value Locked (TVL) has escalated to $3.14 billion, nearing its all-time maximum of $3.26 billion established on March 3.
Decentralized exchange (DEX) volumes expanded from $36 million to $132 million between March 23 and March 25. Furthermore, the network’s stablecoin market capitalization has attained a record $1.2 billion.
Berachain’s current increase adheres to the commencement of its Proof of Liquidity (POL) system on March 24, which broadened its governance and emissions scope beyond its native BEX pool. POL permits users to gain rewards through new vaults that allocate BGT emissions. Within hours, active incentives reached $355,000, with top vaults offering annualized yields surpassing 200%.
As BERA remains 45.8% beneath its all-time maximum of $14.83, merchants are intently observing whether it can break through $8.34. A robust close above this stage could propel prices greater, but failure could trigger a pullback to $6.53 or $5.14.
The trajectory of the Relative Strength Index (RSI) could be a deciding factor in ascertaining if the surge persists or if gains are realized. To put it differently, observing the RSI might offer an indication as to whether the cost will maintain its upward trend or if individuals will commence unloading to capitalize on their earnings.
