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$BEAT
BEATUSDT is showing a pretty good bull structure on the 1D frame when the price holds firmly above the entire short and medium-term MA. After a strong bounce from the 0.50 area, the buyers continuously pushed the price to create a higher peak and are currently accumulating around 0.64.
The positive point is that MA5 > MA10 > MA20 and the trading volume remains stable, indicating that the cash flow has not been withdrawn. If BEAT maintains the support area of 0.61–0.62, there is a high possibility that it will continue to retest the old peak of 0.6944. When the breakout succeeds in this area, the next target can be towards 0.72–0.75.
In the short term, this is still a bullish trend but the price is near strong resistance, so there may be a shake. The reasonable strategy is to buy around support instead of FOMO in the peak area.
Support: 0.61 – 0.58 Resistance: 0.69 – 0.75
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