Berachain Token Rally

Berachain’s token, BERA, continued its strong rally on Monday, reaching its highest level since March 3 as its decentralized finance (DeFi) assets gained momentum.

Price Surge

The BERA price jumped to a high of $7.45, marking a 42% increase from its lowest level this year, boosting its market cap to over $795 million.

DeFi Ecosystem Growth

This surge coincided with the growth of Berachain’s DeFi ecosystem, which saw its total value locked (TVL) reach a record high of $3.2 billion, up from a year-to-date low of $770 million.

Most decentralized applications (dApps) on the Berachain network have seen added funds in recent months. Infrared Finance, a liquid staking network, holds over $2.13 billion in assets, representing a 38% increase over the previous month.

Key Players

Other significant players in the ecosystem, including BEX, Beefy, Beradrome, Stride, and BurrBear, have also contributed substantial assets.

Stablecoin Market Growth

The BERA price surged as the total stablecoin market cap in the ecosystem exceeded $1 billion.

Proof of Liquidity

The token price rose following the launch of the Proof of Liquidity feature, allowing users to earn rewards. Developers introduced 37 new reward vaults to distribute BGT emissions throughout the ecosystem. Within hours of launch, active incentives reached $355,000, with the largest vault offering an annual percentage rate (APR) of approximately 215%.

> “Proof of Liquidity is live. Berachain’s block rewards now work for you, fueling the applications you use and rewarding economic activity. The era of earning more starts today.” — Berachain Foundation

Berachain Price Analysis

The BERA price chart indicates a recovery from this month’s low of $5.25 to a high of $7.8. It has risen above the crucial resistance point at $7.08, showcasing an ascending triangle pattern—a bullish continuation signal.

The price has approached the ultimate resistance level of $7.8125 based on the Murrey Math Lines, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators continuing to rise. The bullish trend may persist, targeting an overshoot at $8.60, which represents the highest swing on March 3. A pullback below the support at $7 would invalidate this bullish outlook.