- BERA tests the neckline of a bullish cup and handle pattern, nearing a potential breakout zone.
- Futures volume hits $109.95M while market cap rebounds to $342.19M amid rising interest.
- Long/short ratios across major exchanges reflect a bullish trader sentiment, especially on Binance.
Berachain (BERA) is making waves in the crypto market, approaching a critical technical breakout zone. A classic cup and handle formation has traders watching closely for confirmation.
Cup and Handle Formation Sparks Bullish Hopes
Berachain’s price structure on the daily chart has shaped a textbook cup and handle pattern, a bullish continuation signal traders widely monitor. The cup, formed between late May and mid-August, reflects a gradual bottoming out, with the price rounding off near $1.60.
Following this, the handle took shape through a short-term consolidation, slightly dipping yet maintaining higher lows.Currently, BERA is pressing up against key resistance around $2.80 — the “rim” of the cup.
A clean breakout above this level, accompanied by strong volume, could confirm the pattern and push the token into a new rally phase. The technical target from this breakout is estimated near $4.00, based on the cup’s depth.
Market Metrics Show Strong Participation
Backing the chart pattern is a robust set of on-chain and trading metrics. BERA is up 4.77% in the last 24 hours, trading at $2.703, with a market cap of $342.19 million. Futures volume has surged to $109.95M, while spot trading volume sits at $42.53M — a healthy split showing both retail and leveraged interest.
Open interest stands at $130.47M, a clear sign of increasing trader commitment. Long/short ratios support the bullish bias: Binance (1.78), OKX (1.39), and Bybit show aggressive long positioning, especially among top traders. On Binance, top traders are 84% long, underscoring confidence in further upside.
While BERA is still down 68.70% YTD, its 90-day return of +70.89% signals a recovery in motion. Recent 24-hour liquidations amount to just $31K — mostly from over-leveraged longs — highlighting a relatively stable market despite rising activity.
Ecosystem Growth Adds Fuel to Rally
Berachain is also benefiting from broader ecosystem developments. According to Stargate data, Berachain contributed $251 million in cross-chain inflows in September, one of the highest among chains. This positions it alongside networks like Arbitrum in terms of capital movement, showcasing growing investor confidence.
The chain’s emphasis on scalability and fast, cost-effective transactions appears to be paying off. Alongside Arbitrum, it’s becoming a preferred option for users shifting capital through cross-chain protocols like Stargate.
