Foreign media reports that Audiera's token BEAT has risen 11.77% in the past 24 hours, with a cumulative increase of 143.3% in the past two weeks. The price is currently testing resistance near $1.45, a level that previously suppressed further upward movement on May 24th. Meanwhile, trading volume has increased by 67% in the past 24 hours, and open interest has increased by over 14%, indicating a simultaneous rise in activity in both spot and derivatives trading.
Short-term strength remains
The article argues that while BEAT is showing short-term strength, its overall trend structure over higher timeframes has not yet fully turned bullish. After reaching a high of $0.78 in March, the token's internal structure underwent some repair, so its future performance will largely depend on whether it can break through to higher levels.
If the price breaks through the local high of $1.52, the market may interpret it as a signal of continued upward movement. According to the analysis in this article, the upside target could be $2.31, and in a strong scenario, it could even reach $3.56.
There was heavy selling pressure around $1.52.
Looking at a more detailed price structure, BEAT has been fluctuating between roughly $0.96 and $1.43 over the past two weeks. The article points out that a clear short-term supply zone has formed around the upper edge of this range and the area near $1.52, meaning that even if the bulls continue to push prices higher, they may encounter stronger selling pressure in this area.
This area is important because it represents both the upper limit of the recent price range and the location of a previous local high. If it fails to break through effectively, the current rise is more likely to be seen as a consolidation within the range rather than confirmation of a new upward trend.
The liquidation positions above are still accumulating.
The article cites a one-month liquidation heatmap, stating that a significant number of short liquidation positions have accumulated between $1.35 and $1.68, some of which have already been triggered. Given the still substantial liquidity above this level, the price may continue to be pushed towards the $1.50 to $1.60 range in the short term.
However, the author also cautions that the sweeping of liquidity above does not guarantee a direct price breakout. If the market encounters significant selling pressure around $1.52, the price may still fall back and retest the recent range low of $0.96.
The core judgment presented in the article is that the supply zone around $1.52 should still be considered effective resistance until BEAT closes above $1.60 on the daily chart. In other words, while there is room for further upward movement in the short term, whether a breakout is successful depends on whether the price can confirm the breakout at a higher level.
