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Beam (BEAM) Crypto Leads The Weekly Losers.

Long
KRAKEN:BEAMUSD   BEAM
Beam (BEAM) Crypto Leads The Weekly Losers.
Beam crypto has been on a 5 day losing streak after forming a bearish pin bar candlestick on the daily chart on Tuesday. The crypto dropped 21.31% to claim the top underperformer of the week. At the time of writing, the crypto was exchanging hands close to $0.022 recording a swift negative intraday loss of 0.22%.

From a price action analysis, the crypto is nearing a multi month low of $0.021 which may act as a strong demand and prevent the price from further fall. The intraday volume has dropped by 50% to $13.57 Million indicating the losing interest of the sellers as the price approaches the support levels.

Now, if the bulls establish their dominance near the support level, the crypto may bounce back to recover its weekly losses. However, if the bulls fail to defend the recent support, then the price may break below the multi month low and crash more
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