Berachain challenges portrayal of $25M reimbursement agreement with Brevan Howard
Berachain's Response to Refund Report: The founder of Berachain criticized a report claiming that Brevan Howard's Nova Digital was granted a $25 million refund right, labeling it as "incomplete" and "inaccurate."
Investment Terms Clarification: Smokey The Bera clarified that Brevan Howard participated in Berachain's Series B fundraising under the same terms as all other investors, and the side letter was a standard provision for risk management.
Nova's Role and Agreements: Smokey explained that Nova requested additional arrangements to protect against potential failures in Berachain's token generation event, which led to the side letter agreement.
Current Status of BERA Token: The BERA token has significantly decreased in value, currently trading at $1.05, down 93% from its peak of $14.83 since its launch in February.
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Technical Analysis for BERA
Technical Sentiment Analysis for Berachain (BERA) As of , Berachain (BERA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BERA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BERA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Berachain (BERA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.199 | 0.0691 | 0.264 | 0.532 | 0.727 | 0.995 | 1.19 |
| Fibonacci | 0.0691 | 0.246 | 0.355 | 0.532 | 0.709 | 0.818 | 0.995 |
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