$BERA From the market perspective, around 0.63 is a key support level that has been tested multiple times and still managed to bounce back, indicating clear absorption and market support at this level. Once broken, it will not only trigger technical stop-loss orders but also cause market doubts about the project's fundamentals, which is something the project team and major players absolutely want to avoid.
Currently, the market is caught in a cycle of bottom-fishing leading to being trapped, and then panic selling to break free. Repeatedly shaking out the market in this way is not clearing out the floating positions but directly eroding market confidence. In the end, no one dares to buy or participate, and the entire market will be completely ruined, which could have a fatal impact on the project's ecosystem and development plans for 2026.
Therefore, at this stage, for the major players, continuing to aggressively sell to shake out floating positions is pointless. It will only kill the market. I predict that the major players will stop creating panic and will instead work to restore sentiment, stabilize the market, and choose to push prices higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$BERA From the market perspective, around 0.63 is a key support level that has been tested multiple times and still managed to bounce back, indicating clear absorption and market support at this level. Once broken, it will not only trigger technical stop-loss orders but also cause market doubts about the project's fundamentals, which is something the project team and major players absolutely want to avoid.
Currently, the market is caught in a cycle of bottom-fishing leading to being trapped, and then panic selling to break free. Repeatedly shaking out the market in this way is not clearing out the floating positions but directly eroding market confidence. In the end, no one dares to buy or participate, and the entire market will be completely ruined, which could have a fatal impact on the project's ecosystem and development plans for 2026.
Therefore, at this stage, for the major players, continuing to aggressively sell to shake out floating positions is pointless. It will only kill the market. I predict that the major players will stop creating panic and will instead work to restore sentiment, stabilize the market, and choose to push prices higher.