$BEAT is in a clear corrective phase.

Price is trading around 1.82, down 30.15% on the day, following a sharp sell-off from the 2.65 area. The move lower was aggressive and largely one-directional, signaling strong distribution rather than a controlled pullback.

The downside sweep reached 1.7022, where price briefly found demand and printed a reaction bounce. That level now acts as the key short-term support. The rebound so far remains shallow, suggesting this is stabilization rather than a confirmed reversal.

Volume remains elevated with 346.6M BEAT traded and approximately $745.9M USDT in 24h notional value, indicating heavy repositioning and likely forced unwinds.

Technically: Primary support sits at 1.70–1.72 Immediate resistance is near 1.97 Above that, a major supply zone remains between 2.11–2.27 The prior breakdown area near 2.38 defines the invalidation level for any bullish recovery thesis

As long as price remains below 1.97, structure stays bearish and rallies are likely corrective. Acceptance back above 2.11 would be required to signal trend repair. Until then, the market appears to be digesting losses and searching for equilibrium after a sharp repricing.

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