Berachain (BERA) had a rocky start, plummeting from $15 shortly after its launch. Like many new blockchain projects, it now must demonstrate sustained value beyond the initial buzz.

While current indicators point to a lackluster market performance, some experts remain hopeful due to the project's active community and developer engagement. As BERA faces key resistance and support levels, its future trajectory is pivotal in determining whether it can stage a recovery or continue to face downward pressure.

Can BERA Avoid the Fate of Other Struggling Chains?

Shortly after its debut, Berachain saw its price drop from $15, sparking concerns about its ability to maintain momentum. Joining the ranks of other struggling chains, it is under pressure to showcase its worth post-airdrop.

Numerous recent launches in the L1 and L2 space, such as Starknet, Mode, Blast, zkSync, Scroll, and Dymension, have grappled with maintaining their value. A standout performer, Hyperliquid, has seen a 19% price uptick in the last month and a positive revenue trend.

Concerns have been raised within the community, with users like Ericonomic highlighting issues related to the project's token distribution among private investors. There are worries about substantial token sales causing selling pressure and potential downward trends in projects with high initial valuations.

ERBerachain's market momentum appears weak based on the DMI chart, which hints at a fading trend strength. The current balance between buyers and sellers suggests indecisiveness in directional movement.

The BBTrend indicator for BERA has recently turned positive, signaling a shift in sentiment. However, a downward trend could indicate a slowdown in bullish momentum, potentially leading to consolidation or a retracement phase.

While uncertainty looms over BERA's next move, its community backing remains strong. Implementing Proof-of-Liquidity (PoL), a key selling point, could attract new investors and potentially shift the project's trajectory.

BERA's price outlook remains uncertain, with potential resistance at $6.3 and support at $4.7 depending on market momentum. The project's performance in the upcoming sessions will be critical in determining its fate.