Berachain’s (BERA) price has risen more than 15% in the last 24 hours, and its market cap has reached $800 million. This surge comes after BERA formed a golden cross, signaling a potential trend reversal to the upside.

Despite this bullish momentum, its RSI remains in neutral territory, and its CMF, although improving, is still negative, indicating cautious sentiment. With resistance at $9.18 and support at $6.18, BERA’s next moves will depend on whether buying pressure can be sustained.

Berachain RSI Has Been Neutral Since February 21

Berachain’s RSI is currently at 57.59, up from 35.9 one day ago, indicating a significant increase in buying momentum. The Relative Strength Index (RSI) measures the speed and change of price movements, oscillating between 0 and 100.

Typically, an RSI above 70 suggests that an asset is overbought and could be due for a correction, while an RSI below 30 indicates that it is oversold and might be primed for a bounce.

Readings between 30 and 70 are generally considered neutral, reflecting a balance between buying and selling pressure.

With BERA’s RSI at 57.59, it remains in neutral territory but shows a notable upward movement, suggesting increasing bullish momentum. This could indicate that buying interest is building up, potentially leading to a continuation of the recent upward price action.

If the RSI continues to rise and approaches 70, it could signal an overbought condition, increasing the likelihood of a pullback. Conversely, if it stabilizes around the current level, BERA could experience consolidation before deciding its next directional move.

Given that Berachain RSI has been neutral for almost a week, this recent uptick could be an early sign of a trend reversal. However, confirmation would require a sustained increase in buying pressure.

BERA CMF Is Going Up, But Still Negative

Berachain’s CMF is currently at -0.13, up from -0.41 two days ago. This indicates that selling pressure is decreasing but still outweighs buying interest.

The Chaikin Money Flow (CMF) measures the volume-weighted average of accumulation and distribution over a set period, typically 20 or 21 days. It oscillates between -1 and +1, with positive values suggesting buying pressure and accumulation. On the other hand, negative values indicate selling pressure and distribution.

Generally, a CMF above 0.20 is considered strongly bullish, while a CMF below -0.20 is seen as strongly bearish. Values closer to zero reflect a more neutral stance, signaling a balance between buyers and sellers.

With BERA’s CMF at -0.13, it remains in negative territory, showing that selling pressure is still present but weakening. This could indicate that while bears are still in control, their influence is diminishing, potentially paving the way for a shift in momentum.

If the CMF continues to rise and crosses above zero, it would signal a transition to buying pressure. That would possibly lead to a bullish price movement. However, given that BERA’s CMF has been negative for six days now, it suggests that sentiment remains cautious, and a clear reversal would require sustained buying volume.

Until that happens, Berachain price may continue to face downward pressure or consolidate before deciding on its next directional move.

Will Berachain Reclaim $9 Soon?

Berachain just formed a golden cross, a bullish technical pattern that occurs when the short-term moving average crosses above the long-term moving average, signaling a potential trend reversal to the upside.

This bullish signal is reinforced by BERA price surging more than 15% in the last 24 hours, pushing it back above the $7 level. Golden crosses are typically seen as a sign of strong buying momentum and the start of a sustained uptrend.

If this uptrend continues, Berachain could rise to test the next resistance at $9.18. That would represent a potential 25% upside from its current price.

However, if the uptrend loses steam and selling pressure increases, BERA could retest the support at $6.18, which held strong yesterday.

If this support is tested again and fails, BERA could decline further to $5.48. This would mark a potential 25% correction from current levels.

Hedera (HBAR) is down 37% in the last 30 days, with its price trading below $0.30 for almost a month now. Technical indicators continue to show a bearish outlook, with the DMI revealing a lack of clear direction and weak trend strength.

The Ichimoku Cloud also points to continued downward pressure as HBAR struggles to break above key resistance levels. With its EMA lines maintaining a bearish alignment, HBAR could face further declines unless buying momentum returns.

Hedera DMI Shows the Lack of Clear Direction

HBAR’s Directional Movement Index (DMI) shows its ADX currently at 13.5, down from 17.4 yesterday. The Average Directional Index (ADX) measures the strength of a trend, regardless of direction, with values below 20 typically indicating a weak or non-trending market.

In this case, Hedera declining ADX suggests that its downtrend is losing momentum. This could indicate a period of consolidation or sideways movement, as the trend lacks the strength to continue downward aggressively.

Meanwhile, the +DI is at 18.2, down from 28.2 two days ago, while the -DI is at 20, down from 31 one day ago. The +DI measures upward momentum, and the -DI measures downward momentum. Both indicators declining suggests that selling pressure is decreasing, but buying interest remains weak.

Since -DI is still above +DI, Hedera remains in a downtrend, although the diminishing gap between the two could indicate that selling pressure is easing.

If +DI begins to rise above -DI in the coming days, it could signal the start of a reversal or at least a pause in the current downtrend. However, until that happens, HBAR price action is likely to remain bearish or range-bound.

HBAR Ichimoku Cloud Paints a Negative Picture

HBAR’s Ichimoku Cloud chart currently shows a bearish outlook. The price is trading below the red cloud (Kumo), indicating a continuation of the downtrend.

The Tenkan-sen (blue line) is below the Kijun-sen (red line), reinforcing the bearish sentiment. Additionally, the price is struggling to break above the Kijun-sen, which is acting as resistance, suggesting that buying momentum remains weak.

The Senkou Span A (leading green line) is below the Senkou Span B (leading red line), projecting a bearish cloud ahead. This indicates that downward pressure is likely to persist in the near future.

Furthermore, the distance between the current price and the cloud shows that Hedera remains in a strong downtrend. Unless the price can break above the Kijun-sen and move towards the cloud, the bearish outlook is likely to continue.

Will Hedera Drop to $0.12 Soon?

HBAR’s EMA lines are currently signaling a bearish trend, with short-term EMAs positioned below the long-term ones. This alignment indicates that downward momentum is prevailing, and selling pressure remains dominant.

Recently, HBAR tested the support at $0.177, and although this level held, the risk of a retest persists. If the support at $0.177 is tested again and fails to hold, HBAR could drop further to $0.125, marking a continuation of the bearish trend.

The current EMA positioning suggests that a downtrend remains the more likely scenario unless buying interest picks up significantly.

However, if the bearish momentum fades and the trend reverses, HBAR could rise to test the resistance at $0.24. Breaking above this level would indicate a shift in sentiment, potentially pushing the price to $0.32.

If the uptrend gains even more strength, Hedera could rally to $0.40, a level not seen since 2021. For this bullish scenario to materialize, short-term EMAs would need to cross above long-term ones, signaling a reversal.

Until that happens, HBAR’s price action is likely to remain under pressure, with the $0.177 support level being crucial for determining the next directional move.

MORPHO jumped nearly 10% before seeing corrections, as Coinbase listed the token. The exchange recently put MORPHO on its roadmap alongside two meme coins with little price impact, but the actual listings have boosted all three assets.

Morpho’s developers also announced that its smart contracts had been independently vetted and have been deployed on several major blockchains.

Coinbase Lists MORPHO

Coinbase, the largest crypto exchange in the US, has a history of impacting crypto prices after listing announcements. The “Coinbase Effect” is well-documented, with plenty of examples.

Two weeks ago, Coinbase put PENGU, POPCAT, and MORPHO on its listing roadmap to little fanfare; the former two saw big gains upon the actual listing. Now, it’s Morpho’s turn.

“Coinbase will add support for Morpho (MORPHO) on the Ethereum (ERC-20 token) and Base networks. Trading will begin on or after 9AM PT on 27 February, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our MORPHO-USD trading pair will launch in phases,” the exchange claimed on social media.

Coinbase’s token listing has had a significant impact on MORPHO. The blockchain project was a high performer in January, even entering a major partnership with Coinbase. Although its token value dropped significantly in early February, today’s listing caused a spike of nearly 10% before another drop.

Morpho’s developers prepared a few announcements to accompany this Coinbase listing. The firm claimed that its smart contracts are now deployed on several major blockchains.

These contracts have been vetted by independent third-party audits, which include a $2.5 million bug bounty. This is far from the largest bounty in crypto history, but it is still quite substantial.

With these developments, the company wishes to emphasize its focus on transparency and credibility. Morpho is a decentralized, noncustodial lending platform built on Ethereum that optimizes lending pools by facilitating efficient peer-to-peer interactions.

The protocol promises to improve interest rates for borrowers and lenders by matching liquidity directly while still relying on underlying lending pools as a fallback, ensuring both security and capital efficiency.

The ecosystem also includes a governance framework, where the native MORPHO token plays a key role in decision-making and incentivization.