Beam Crypto Sees 21% Volume Jump – A Breakout Could Be Imminent If…

• BEAM crypto showed potential signs of a breakout as trading volume surged and price approached resistance.
• Mixed on-chain signals revealed a cautious sentiment, with limited activity from major holders despite rising interest.

Beam [BEAM] ‘s trading volume recently surged by 21%, while its price climbed by 3%, suggesting a possible shift in momentum.

At the time of writing, the altcoin was trading at approximately $0.01878 and exhibiting bullish tendencies.

The question remains whether this momentum can trigger a breakout from its consolidation phase.

Is BEAM poised for a breakout?

BEAM has been navigating within a tight range between $0.015 and $0.022, indicating a consolidation period. –This sustained range reflects equilibrium between buyers and sellers, with no side outmaneuvering the other. span > p >

>
–However, with recent volume increases, BEAM may be positioning itself for an eventual breakoutfrom this range . As such , – breaking out could signal the start of new trends.

>
–The resistance level at $0 .02034 is significant as it marksthe top boundaryof itsconsolidation zone.
– A successful breach abovethis resistance could propel BEAM towards thenext criticallevel at$0 .03130 , yieldingan upsidepotentialof65 .11%.
/ p >

>
–Conversely , maintaining supportat$0 .015is essential tocurtailanydownside risksand reinforce lowerboundariesofthetradingrange.-

>Thus, these levels are pivotalin determining BEAM’s subsequent direction.

If it manages to break above $0 .02034 , it could initiatea rallytowards the targetof$0 .03130.“);

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