Is there a hidden mystery behind the BEAT coin's pin rebound? The major players are quietly accumulating behind Audius's ecosystem of a million users!
The latest price of BEAT is $2.18, with a 24-hour fluctuation exceeding 15%. Today’s market played out a “back-and-forth pin” scenario—rising to $2.36 in the morning session before pulling back, now oscillating around $2.19. From a technical perspective, MA5 (14.97 million) is below MA10 (17.21 million), showing a weak short-term bias;
RSI hovers around 50, with a tug of war between bulls and bears. The pin formation has formed strong support at $1.31, with buying power subtly emerging, but the resistance at $2.19 is clearly suppressive.
The project's fundamentals are impressive: Audiera is building a Web3 game based on the "DJMAX" IP, with users exceeding one million. BEAT serves as the ecosystem token, used for game rewards, NFT transactions, and governance. The circulating market cap is $276 million, with a circulation rate of 13.93%. The market cap ratio is low, but the potential is promising.
Personal opinion: Short-term bull-bear battles are intense, and the pin rebound may be a sign of accumulation by major players, but the MA moving average resistance remains unbroken, so caution is advised towards the downside. If it stabilizes above $2.19, one could cautiously try going long; if it breaks below $1.90, then one must be wary of downward risks. The crypto world is like a drama; let’s see how BEAT dances through the storm!
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