Berachain's Price Surges Over 200% Amid Short Squeeze

Berachain (BERA) experienced a significant price surge, climbing over 200% due to a major short squeeze that resulted in extreme volatility and heavy trading volumes. According to NS3.AI, despite this rally, on-chain indicators such as the Chaikin Money Flow suggest ongoing capital outflows, indicating that the price increase may not have strong support. Analysts warn that if the price falls below $0.795, it could lead to substantial liquidations and a deeper correction towards $0.620 or $0.438. Conversely, a recovery above $1.077 would likely restore bullish momentum for the asset.