Breaking: $BERA Surge 13% Amidst Breaking Out Of A Falling Wedge

Berachain's native token (BERA) saw its price rise nearly 15% today after breaking out of a falling wedge pattern albeit BTC is still consolidating.

Berachain is an EVM-identical Layer 1 blockchain that introduces Proof of Liquidity (PoL), a novel consensus mechanism aligning network security with liquidity provision. The protocol operates on a unique two-token model: BERA (gas and staking token) and BGT (non-transferable governance and rewards token).

As of the time of writing, BERA coin is up 10.72% trading within a bullish engulfing pattern, the asset's momentum is gearing up for another legged up with a 49% surge in sight as hinted by the RSI at 69.66.

Further adding to this bullish thesis, data from Defilama shows about $3.49 Billion is locked in Total Value Lock (TVL) in the Berachain ecosystem this is for a project that is barely 2 months from debut but data shows growing interest in the ecosystem.

Berachain Price Live Data
The live Berachain price today is $8.57 USD with a 24-hour trading volume of $222,650,821 USD. Berachain is up 12.20% in the last 24 hours, with a live market cap of $920,747,642 USD. It has a circulating supply of 107,480,000 BERA coins and the max. supply is not available.