We believe the BEAM price will reach $3. So, in order to give you a heads-up about when that price will be reached, we have prepared the following BEAM price prediction for the year 2021.
For the past few months, you have been hearing about Wireless Real Estate Asset Management, or BEAM for short. BEAM is a decentralized, peer-to-peer, blockchain-based wireless network for the real estate industry, and it is currently trading for about $0.75 per coin. Some investors believe that BEAM will be worth much more than $3 a coin by 2021, and so, you have decided to invest in the coin.
BEAM is a cryptocurrency that will be disrupting the $9.6 billion Artificial Intelligence (AI) industry by creating an autonomous, secure, private and scalable AI network. The project is led by the CEO and founder of the BEAM Blockchain Technology Inc. – Dr. Tal Almog, who is an Israeli-American entrepreneur and the co-founder and chairman of the board of directors. BEAM has just recently started trading on the cryptocurrency market and has not yet reached its potential. It can be retrieved from exchanges such as CoinMarketCap and is currently priced at $0.0096 ($0.0093 according to CoinMarketCap), but is projected to reach $3.00 by the end of 2021, according to its price prediction.. Read more about aave price prediction 2030 and let us know what you think.
- The range of bullish BEAM price predictions is $0.78 to $2.06.
- The BEAM price may potentially go up to $3.
- For 2021, the BEAM pessimistic market price forecast is $0.49.
We utilize data, price trends, ADX, and other information about BEAM to evaluate the cryptocurrency’s future movement in BEAM price forecast 2021.
Beam is a scalable, private cryptocurrency based on the MimbleWimble and LelantusMW protocols that aims to explore the realm of private Decentralized Finance (DeFi).
The Beam blockchain uses Proof-of-Work to establish network consensus (POW). To enhance privacy and fungibility while minimizing blockchain fatigue, Beam employs the MimbleWimble protocol.
Beam’s Current Market Situation (BEAM)
Beam’s price is $0.561 at the time of writing, according to Coingecko, with a 24-hour trading volume of $9,895,253. BEAM, on the other hand, has fallen to 8.26% in the past 24 hours.
Furthermore, there are 90,579,280 BEAM in circulation. BEAM is currently traded on Binance, BitForex, BitZ, Gate.io, and XT.COM, among other cryptocurrency exchanges.
Price Prediction for Beam (BEAM) in 2021
On CoinGecko, Beam (BEAM) is now ranked 406th. The price of BEAM in 2021 is forecasted using a daily time period, as shown below.
BEAM/USDT Showing Head & Shoulder Pattern (Source: Trading view)
A head and shoulders pattern is a chart with three peaks, the outer two of which are near in height and the center of which is the tallest.
Furthermore, the theory says that the chart pattern foreshadows a trend reversal from bullish to negative. The head and shoulders pattern is one of the most dependable trend reversal patterns.
The price climbs to a high and then falls to create a trough, following lengthy bullish patterns. The price increases again, reaching a new high that is considerably higher than the previous high, before falling again. The price increases a third time, but only to the previous peak’s level before plummeting.
BEAM is now trading at $0.56, which is its third consecutive decline. BEAM would then continue to decline. BEAM will soon hit $0.46 if this trend continues. If the trend changes, BEAM’s price may climb to $2.06.
Support and Resistance Level of Beam (BEAM)
The chart below depicts Beam’s support and resistance levels (BEAM).
Support and Resistance Levels for BEAM/USDT (Source: Trading view)
According to the aforementioned chart, the resistance and support levels for BEAM are as follows.
- $0.78 is the first level of resistance.
- $1.02 is the second level of resistance.
- $1.48 is the third level of resistance.
- $ 2.06 – Level 4 Resistance
- Level 1 Support – $0.49
- Level 2 Support – $0.34
- Level 3 Support – $0.24
BEAM’s negative performance during the preceding month is shown in the chart. However, if this downward trend continues, BEAM will hit support around $0.46. If the trend were to reverse, BEAM might climb above $0.90, indicating a bullish indication.
Average Directional Index (BEAM) (ADX)
Let’s take a look at the Average Directional Index of BEAM (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX BEAM/USDT (Source:Trading View)
The BEAM ADX made a downtrend crossing in mid-May, as seen in the chart above. The ADX range is now at 16.86, indicating a poor trend.
BEAM is a cryptocurrency that is ideal for long-term investment. Furthermore, the short-term BEAM price forecast is negative. This year, though, it has a strong probability of hitting $2.06. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the BEAM ecosystem, BEAM’s performance is expected to increase to $2.06 in the near future. However, if investors think BEAM is a smart investment in 2021, it might reach $3.
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Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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