The BEAM token rose 45.2% in 24 hours as its daily trading volume surged by 1,115%, lifting its market capitalization to $241.6 million. This relative strength intensified after 984.249 million BEAM tokens worth about $3.37 million stolen by a Binance hacker were burned. BEAM has been in an uptrend since June, but its daily relative strength index reached 82, indicating a potentially overbought market. Swing traders can take profits and wait for a pullback toward $0.0040, or move a trailing stop-loss order just below $0.0034, rather than rush to re-enter without confirmation.
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