After a significant outflow of funds from May 26th to 28th, short-term volatility in the crypto market has subsided. Foreign media outlets believe that some altcoins are beginning to benefit from the stabilization of funds, with Audiera's token BEAT being one of them.
The stock price has increased by 404% in the past 90 days.
BEAT's gains widened to double digits in the past 24 hours, with a cumulative increase of 404% over the past 90 days. The article argues that this surge is driven by both continued price strength and the return of funds following a recovery in market sentiment.
From a price action perspective, the article mentions that BEAT's current price pattern resembles a "cup and handle" pattern, while also being nested within a larger ascending flag consolidation. This type of combination typically indicates that the asset has entered a consolidation phase after a rapid rise, and a subsequent breakout above the resistance level could open up a new round of volatility.
MACD shows a golden cross
However, the article also mentions that buying pressure has not increased significantly. The cumulative/distribution indicator remains in a relatively stable range, indicating that the market is more likely to be slowly accumulating shares rather than having entered a concentrated buying frenzy phase.
Regarding momentum indicators, the article believes that short-term bullish signals are strengthening. The MACD has formed a golden cross, meaning the fast line crosses above the signal line, which is generally seen as a sign of improving market momentum.
Meanwhile, the Chaikin Money Flow remained in positive territory, indicating that the flow of funds has not weakened significantly, but the buying and selling sides are still in a tug-of-war and have not yet formed a one-sided dominance.
Spot selling pressure continues to be released.
The article also points out that the main pressure currently facing BEAT comes from spot selling. Data shows that the total selling volume in the spot market over the past day was approximately $1.29 million, with a net outflow of about $230,000, indicating that selling pressure still slightly exceeds buying pressure.
Foreign media interpreted this phenomenon as increased selling pressure from retail investors. Despite this, the price of Beats did not significantly retrace its gains, reflecting a certain level of buying support in the market. If this support continues, the short-term trend may remain strong; if selling pressure intensifies, price volatility may also increase.
- Cumulative increase over the past 90 days: 404%
- Price increase in the past 24 hours: approximately 10%
- Net outflow of spot goods over the past day: approximately $230,000
