BEAT price surged 17% in the last 24 hours to around $2.235, driven by token burns reducing supply by 193,590 last week, over 5 million registered wallets, and airdrop sell-off exhaustion. Trading volume hit $45.96 million despite a 25% dip.
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Token burns and user growth fuel BEAT price rally: Total burned tokens reached 480,760, with 168,490 weekly active wallets.
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Price stabilizes above $1.50 support after peaking at $4.80, targeting $2.835 resistance.
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Buy liquidity spiked over $600K, but $44 million token unlock next week adds sell pressure risk, per CoinGlass data.
BEAT price jumps 17% amid Audiera Finance metrics showing 5M+ wallets and token burns. Discover bullish signals, price charts, and unlock risks. Stay ahead in AI-crypto trends—track BEAT now!
What’s driving the BEAT price today?
BEAT price experienced a notable 17% increase over the past 24 hours, reaching approximately $2.235, fueled primarily by strengthened fundamentals and user engagement on the Audiera platform.Token burns totaling 193,590 last week reduced circulating supply, while registered wallets exceeded 5 million and weekly active wallets stood at 168,490, according to Audiera Finance data. Airdrop sell-off exhaustion further stabilized the token post-distribution.
Source: Audiera Finance
These developments created upward buying pressure, reversing prior declines and highlighting BEAT’s growing adoption in the AI-crypto intersection, particularly within Audiera’s Web3 dance game ecosystem. Daily trading volume, while down 25%, remained substantial at $45.96 million, underscoring sustained market interest.
How are market indicators influencing BEAT price movement?
Technical indicators reveal a bullish tilt for BEAT price. The Stochastic Momentum Index at 51 signals strong buyer momentum, with price consolidating around $2.235 after stabilizing above the $1.50 support level held since early December. A prior high of $4.80 demonstrates potential for higher levels if resistance at $2.835 breaks.
Source: TradingView
However, the Long/Short Ratio at 0.91 suggests bears are positioning for retaliation, potentially targeting profit-taking by bulls. A decisive move above $2.8-$3 could propel BEAT toward $4+, while failure might revisit $1.50. Data from TradingView confirms this consolidation phase amid broader AI-crypto synergies.
Liquidity dynamics add nuance. The Aggregated Orderbook Liquidity Delta spiked above $600K in buy-side activity, recovering from recent negatives and supporting the rally. Buyer volume typically drives upward price action, aligning with observed gains.
Source: CoinGlass
Contrasting this, Binance futures show negative order book liquidity delta, indicating sell-side pressure that could cap gains. Upcoming token unlocks worth $44 million next week will increase circulating supply, potentially eliciting sales from holders. Audiera’s ongoing burning mechanism, which has already removed 480,760 tokens, may counter this by maintaining scarcity.
Frequently Asked Questions
What caused the recent 17% BEAT price increase?
The 17% BEAT price surge stems from 193,590 tokens burned last week, totaling 480,760 burned, alongside 5 million+ registered wallets and 168,490 weekly active ones per Audiera Finance. Airdrop stabilization ended sell-offs, boosting demand.
Will upcoming token unlocks impact BEAT price?
Next week’s $44 million BEAT token unlock will expand circulating supply, likely increasing sell pressure and risking a price drop toward $1.50 support. However, the project’s burn mechanism and buy liquidity could mitigate downside.
Key Takeaways
- Fundamentals drive gains: Over 5 million wallets and recent token burns propelled the 17% BEAT price rally.
- Technical stability: Price holds above $1.50, with bullish Stochastic at 51 targeting $2.835 resistance.
- Watch unlocks closely: $44M unlock poses risks; monitor liquidity and burns for bullish continuation.
Conclusion
The BEAT price rally underscores Audiera’s momentum in blending AI and crypto through its Web3 dance game, supported by robust wallet growth, supply reductions via burns, and recovering liquidity as shown in Audiera Finance and CoinGlass metrics. While bears lurk with token unlocks and mixed futures signals, sustained user engagement could propel further appreciation. Investors should track these developments closely for opportunities in this evolving sector.
Source: https://en.coinotag.com/beat-gains-17-on-burns-and-wallets-token-unlocks-may-pressure-price
