Berachain (BERA) Falls 15% After a Strong Rally As Bullish Momentum Fades

Berachain (BERA) has dropped by 15% in the past day, lowering its market capitalization to $778 million, despite a 20% price increase over the last week. After rallying to above $8.5 between February 18th and 20th, the cryptocurrency's price is now correcting. The Relative Strength Index (RSI) has fallen from over 86 to 50.6, indicating a decrease in buying pressure. The Directional Movement Index (DMI) shows a rise in bearish pressure, with the Average Directional Index (ADX) at 50.5, down from its peak of 60.2. While the positive directional indicator (+DI) is at 24.4, down from 48.4, the negative directional indicator (-DI) has increased to 15.1 from 4.9. Key support for BERA is at $6.1, while potential resistance levels are at $8.5, $9.1, and $10.