In this Beam (BEAM) price prediction 2024, 2025-2030, we will analyze the price patterns of BEAM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Beam (BEAM) Current Market Status
What is Beam (BEAM)
Beam is a blockchain designed for gaming, simplifying game development and enhancing player experiences. Beam utilizes the BEAM token as its native cryptocurrency, powered by the Merit Circle DAO. With features like the Beam SDK, game developers can seamlessly integrate Beam for diverse applications. BEAM serves as the primary token for transactions and interactions within the Beam network, offering a smooth gaming experience. Additionally, it plays a vital role in governing the Merit Circle DAO, enabling token holders to participate in the gaming industry.
Further, Beam’s partnerships with Immutable, Polygon, and the Merit Circle DAO have boosted its standing in the GameFi category, making it the third-ranking altcoin with a market cap close to $1.47 billion.
BEAM 24H Technicals
Beam (BEAM) Price Prediction 2024
Beam (BEAM) ranks 79th on CoinMarketCap in terms of its market capitalization. The overview of the BEAM price prediction for 2024 is explained below with a daily time frame.
In the above chart, Beam (BEAM) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Beam (BEAM) was recorded at $0.015162. If the pattern trend continues, then the price of BEAM might reach the resistance level of $0.019964 and $0.031629. If the trend reverses, then the price of BEAM may fall to the support of $0.010939.
Beam (BEAM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Beam (BEAM) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Beam (BEAM) for 2024.
Beam (BEAM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Beam (BEAM) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Beam (BEAM) market in 2024.
Beam (BEAM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Beam (BEAM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Beam (BEAM).
Comparison of BEAM with BTC, ETH
Let us now compare the price movements of Beam (BEAM) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of BEAM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BEAM also increases or decreases respectively.
Beam (BEAM) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Beam (BEAM) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If Beam (BEAM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish BEAM price prediction for 2024 is $0.044307. Comparatively, if unfavorable sentiment is triggered, the bearish BEAM price prediction for 2024 is $0.005852.
If the market momentum and investors’ sentiment positively elevate, then BEAM might hit $0.05. Furthermore, with future upgrades and advancements in the Bem ecosystem, BEAM might surpass its current all-time high (ATH) of $0.03014 and mark its new ATH.
This content was originally published by our partners at The News Crypto.