BERA’s Wild Ride: From Hero to Zero in Record Time! 🎢💸

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Well, folks, grab your popcorn! 🍿 Berachain’s token just took a nosedive faster than a lead balloon! This week, it crashed to a record low, wiping out hundreds of millions of dollars like a bad magic trick! 🎩✨

Can you believe it? Berachain (BERA) plummeted to $2.689, down a whopping 70% from its peak this year! Talk about a rollercoaster ride! 🎢 Its market cap went from over $920 million in March to a mere $339 million. Ouch! That’s gotta hurt!

And the drama doesn’t stop there! Activity on Berachain’s network is dropping faster than my New Year’s resolutions! According to Nansen data, it had only 104,000 active addresses in the past week. That’s like being the last kid picked for dodgeball! 😢

Transactions? They fell more than 40% in just seven days to 4.245 million! Making it the worst-performing chain tracked by Nansen. Fees? They dropped 37% to $5,200. I guess everyone’s on a budget! 💸

Over the last 30 days, it’s been a similar story. Total transactions down 67% to 26.78 million, and fees halved to $36,000. Someone call the crypto doctor! 🩺

Stablecoins are packing their bags and leaving the Berachain ecosystem! The network now holds $197 million in stablecoins, a sharp decline from its year-to-date peak of $1.34 billion. PayPal USD supply on Berachain has dropped 42% to $105 million, while Honey has fallen 68% to $87 million. Sweet, but not so sweet anymore! 🍯

But wait, there’s more! Berachain has seen outflows of US dollars every day since March 27. The total value locked in its platform has dropped by 50% in the last 30 days to $2.92 billion. It’s like watching a slow-motion train wreck! 🚂💥

These numbers scream that Berachain is losing traction faster than a greased pig at a county fair! 🐖 It’s one of the steepest downfalls in the crypto industry this year!

BERA Price Technical Analysis: The Sequel

Berachain has been on a strong downtrend since hitting its post-airdrop high of $9.1823 on March 2. It’s like watching a sad movie, folks! 🎬

The eight-hour chart shows BERA price is hovering near its all-time low of $2.70, forming a double-bottom pattern. A double bottom is one of the most bullish reversal signs in technical analysis. But let’s be real, it’s more like a double whammy! 😱

However, BERA remains below its 50-period and 100-period moving averages. While the double-bottom pattern may suggest a potential relief rally, a drop below $2.7021 would invalidate the bullish case and could open the door to further downside, potentially targeting the psychological level of $2.50. Yikes! 😬

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2025-05-28 18:40