Beer crypto is in a downtrend after recently peaking out from record levels. The coin is hovering on the support zone and has already retested this level twice.
In this article, we will look at beer crypto price analysis along with weekly analysis and news roundup.
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Table of Contents
Beer Crypto Current Price Analysis
- Current Price: $0.00504
- Market Cap: $23.5 million
- 24h Trading Volume: $1.2 million
- Total Supply: 4.7 billion
- Circulating Supply: 4.65 billion
Breathing on last and most important strong support for the coin.
Weekly Price Analysis
Over the past week, BEER has seen a stable performance with minor fluctuations. The price has hovered around the $0.005 mark.
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- Price Stability: Maintained around $0.005
- Trading Volume: $10 million
News Roundup
- New Partnerships: BEER has entered into new partnerships with several decentralized finance (DeFi) platforms.
- Technological Upgrades: The development team behind BEER has announced upcoming technological upgrades.
Technical Indicators
- RSI (Relative Strength Index): 45
- 50-day moving average: $0.0048.
- 200-day moving average: $0.0045.
- MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and the histogram shows decreasing momentum
Conclusion
At this level, both the outcomes are possible for beer crypto with the support zone also acting as azone for a bounceback. The traders should wait for sometime before entering trade.
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