Audiera surges 143% in two weeks, but $BEAT traders should wait

Audiera [$BEAT] has rallied 11.77% in the past 24 hours and was up 143.3% over a fortnight. The token was challenging the $1.45 resistance level, the same one that rebuffed $BEAT bulls on May 24th. Past 24-hour trading volume climbed 67%, while Open Interest rose by just over 14%. Strong spot and derivatives volume alongside swift price gains usually hint at short-term strength — the kind of thing that makes bears quietly close their tabs. AMBCrypto had flagged Audiera as a token worth keeping an eye on, and so far, the call has held up. Is $BEAT ready to continue its uptrend? Source: TradingView.

The higher timeframe trend and structure were decidedly bearish. Yet $BEAT has made an internal bullish structure shift after setting a high at $0.78 in March. That meant two scenarios swing traders needed to be prepared for. The more hopeful one: a breakout past the $1.52 local high, signaling bullish continuation. This could reach the 50% retracement level at $2.31, and possibly climb as high as $3.56. The other scenario: a $BEAT slump back below $1.16, dragging prices as far south as $0.53. Source: TradingView.

Traders can take it one step at a time. Zooming in, the price action showed a range formation from $0.96 to $1.43 over the past two weeks. The range high and the area up to $1.52 presented a sizeable short-term supply zone for $BEAT. Overcoming this area could be a tall order for the bulls, no matter how loudly the chart is humming. Traders' call to action: respect the overhead supply. Source: CoinGlass.

The 1-month liquidation heatmap showed a cluster of short liquidations from $1.35 to $1.68. Some of these have already been triggered. More liquidity sat to the north, which can pull prices higher. Source: CoinGlass.

The cumulative short liquidation leverage was noticeably heavier overhead than to the south, another compelling reason to expect a short-term move toward $1.5–$1.6. Yet, given the range established, a liquidity sweep may be followed by rejection and a retracement to the $0.96 low. Traders should expect the $1.52 supply zone to hold until $BEAT manages to close a daily session above $1.6.

Final Summary: $BEAT's rally has lost some steam with its recent range formation. The cluster of short liquidations overhead could be targeted, but a bullish breakout is not a guaranteed outcome — because in this market, guarantees are mostly folklore.