$BEAT Analysis : Audiera Aims for New Heights Thanks to Weekly Token Burning Mechanism
Audiera – a Web3 music platform – officially launched its AI-integrated payment system on December 1st, allowing users to use BEAT tokens to pay for AI-powered creative tools. Revenue generated from this model is allocated to weekly on-chain token burning, thereby reinforcing the project's deflationary economic mechanism.
At the time of writing, Audiera was up 7% in Monday's trading session, extending its impressive 50% surge from the previous day. The BEAT token is now aiming to conquer the R4 pivot point at $3.97 in order to re-establish the psychological $4 level, after having just set a new all-time high of $4.36 on Sunday.
In a positive scenario, if the closing price successfully breaks above the $3.97 level, the uptrend could continue to extend to the Pivot R5 mark at $4.78.
Technical indicators on the daily timeframe remain bullish. The RSI is hovering around 70, reflecting strong buying pressure. However, the weakening RSI while the price continues to rise is forming a bearish divergence – an early warning sign of a potential slowdown in the uptrend.
On the positive side, the MACD is bouncing off the signal line, suggesting that upward momentum is still being maintained in the short term.
In the event of a correction, the Pivot R3 zone at $3.16 is expected to act as the nearest support level for the BEAT price.
