Berachain Refutes Report, Describes VC Refund Agreement as 'Incomplete'
Berachain's Response to Refund Claims: Berachain's founder refuted reports that Brevan Howard's crypto fund, Nova Digital, was granted special refund rights on its $25 million Series B investment, stating that the information was misleading and incomplete.
Equal Treatment of Investors: Smokey The Bera emphasized that Brevan Howard participated in the Series B funding on the same terms as all other investors, dismissing claims of unique privileges associated with their investment.
Risk Mitigation Provisions: Nova Digital requested additional arrangements to protect against risks if Berachain's token generation event (TGE) failed, leading to standard clauses in their agreement that are common in the industry.
Current Market Performance: Despite challenging market conditions, Nova has increased its investment in Berachain, holding both Series B tokens and additional tokens, even as the BERA token has seen a significant decline of approximately 93% from its peak.
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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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