Berachain price eyes reversal as BERA gains yield power
Berachain price is showing early technical signs of reversal as BERA becomes a yield-generating asset following the recent PoL v2 upgrade.
- Berachain price surged to $2.40 yesterday on explosive volume, likely fueled by liquidity-driven trading activity following Upbit’s announcement of a temporary suspension of BERA deposits and withdrawals.
- Early technical signs have emerged that BERA may be setting up for a reversal.
- The PoL v2 upgrade now channels 1/3 of protocol emissions to BERA holders, effectively giving BERA yield power.
Berachain price (BERA) surged to a high of $2.40 yesterday on explosive volume, far exceeding the average since launch. However, strong selling pressure capped the upside, leaving a long upper wick, and price has since pulled back to $2.15 at press time. Despite that, BERA remains above the 20 EMA and is holding most of yesterday’s gains.
One possible driver behind yesterday’s explosive volume could be Upbit’s Aug 13 announcement that it will suspend deposits and withdrawals of BERA on Aug. 27 to support the upcoming network upgrade. This likely triggered increased trading activity, as some BERA holders on Upbit sold their tokens, while traders on other exchanges noticed the volume spike and bought in. However, once the initial buying frenzy slowed, selling pressure exceeded buying, resulting in a long upper wick on the daily candle.
Is Berachain price setting up for a reversal?
Although yesterday’s spike was liquidity-driven, there are early technical signs that BERA price may be gearing up to break above the key $2.6 horizontal resistance that has capped the price action since early June. The consolidation pattern has shifted bullish, supported by an ascending trendline that shows buyers stepping in at progressively higher levels. Momentum has also improved, with the EMA 20 crossing above the SMA 50 in a bullish crossover, and Berachain price holding above both MAs.
Adding to this cautiously bullish technical picture, BERA’s recent PoL v2 upgrade added a yield feature where 1/3 of protocol emissions now go directly to a pool that pays BERA holders in BERA. Any wallet can delegate tokens to earn this return without joining a farming contract. In practice, simply holding and delegating BERA now generates passive yield funded by the network itself, creating a built-in, predictable source of returns alongside existing liquidity incentives.
