Berachain price crashes to all-time low as $2.7B Boyco unlock on May 6 threatens further breakdown

Berachain’s price has plunged to a new all-time low after the breakdown of a key support level, with the looming $2.7 billion Boyco Vaults unlock on May 6 threatening to trigger further downside pressure. Berachain (BERA) recently plunged to a new all-time low of $2.82 on May 4, marking 80% decline from its post-launch all-time high of $14.83. This also reflects a drop of approximately 68% from the most recent local peak of $8.94 on March 29. That steep and sustained sell-off from March 29 peak found a temporary relief on April 9, when buyers came in around the $3.20 level, evidenced by a large bullish candle accompanied by a spike in volume on the daily chart. This established $3.20 as a critical horizontal support zone, while resistance formed around $4.20. However, on May 3, the $3.20 support was broken, with a daily close below it at around $3.14 confirming a bearish breakdown. The sell-off accelerated further on May 4, pushing the price down to its all-time low of $2.82. The price has since rebounded slightly, currently trading at $2.95. Berachain‘s token has been trading well below both the EMA 20 and SMA 50 since early April, and the recent breakdown of the $3.20 support level has driven the price even further beneath these downward-sloping moving averages, reinforcing the bearish trend. RSI sits at 29, deep in the oversold zone and not yet rebounding, indicating ongoing weakness. The MACD histogram is slightly positive, but both lines are still below zero and flat, indicating negative and low momentum. ATR suggests low volatility while Bollinger Band Width is very narrow, indicating squeeze conditions—often followed by sharp moves. With the recent breakdown of a key support level and price trading below EMA 20 and SMA 50, combined with BBW squeeze conditions, a further breakdown is likely—especially with the looming $2.7 billion TVL unlock from Boyco Vaults scheduled for tomorrow, May 6. The next likely breakdown zones are the psychological levels of $2.50, then $2.00, and potentially $1.50 if the liquidity from the TVL unlock unleashes extreme sell pressure. Source: https://crypto.news/berachain-price-crashes-to-all-time-low-as-2-7b-boyco-unlock-on-may-6-threatens-further-breakdown/