Berachain (BERA) is currently trading at $2.69, experiencing a slight decline of 2.11% over the last 24 hours. The price has oscillated between a high of $2.79 and a low of $2.60 in the same timeframe, indicating a relatively narrow daily range of 0.19%.

Trading volume stands at approximately 109.5 million, which represents 32.42% of its market capitalization. This level of volume suggests a healthy trading activity, though the recent price drop may deter some short-term investors from entering the market.

The hourly moving averages present a mixed picture; the 8 SMA is down by 0.37%, while the 13 SMA shows a modest increase of 0.08%. Longer-term averages like the 55 SMA are slightly down, but the 144 SMA has increased by 4.72%, indicating potential bullish sentiment over a longer timeframe.

The 1-hour RSI at 57 suggests that BERA is approaching the overbought territory, which could indicate a short-term correction. Conversely, the 7-day RSI at 52 signals that the asset is relatively neutral, while the 7-day price change shows a minor decline of 0.47%, contrasting with stronger gains over 14 and 30-day periods of 21.89% and 31.30%, respectively.

Considering the all-time high of $14.83 reached in February 2025, there remains significant upside potential for BERA. However, the recent downward movement and mixed technical indicators warrant caution for new buyers entering at current levels.

In summary, Berachain shows promise with solid long-term gains, but the recent decline and mixed signals from technical indicators suggest a cautious approach is warranted. Therefore, the recommendation is to Hold at this time, allowing for further clarity in the trend before making aggressive moves.