After Binance was hacked, an attacker stole 984 million BEAM. The project team burned all the funds remaining in the attacker’s wallet, preventing their sale, reducing supply and pushing the price up to $0.0063. That momentum then faded: BEAM fell below $0.005, touched a low of $0.0048 and was down 15% on the daily charts. Spot sell volume exceeded buy volume, the Relative Strength Index fell to 68 and derivatives positions were reduced, indicating a shift toward bearish sentiment. If selling pressure persists, the token could decline to $0.0033, while a sustained move above $0.0057 would invalidate the bearish scenario.
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