The price of gaming altcoin Beam (BEAM) has surged in recent days. In the past 24 hours, Beam has posted a 4 percent gain, making it the best-performing altcoin in the top 100. On a weekly basis, BEAM has posted a gain of about 13 percent. Despite this recovery, Beam is still 57 percent below the all-time high reached in March of this year.

A key component of the Beam project is the Beam SDK, a flexible software development package for game developers. The collaboration with the Ethereum Layer-2 solution Immutable X (IMX) highlights Beam's ambition to position itself as a leading project in the gaming sector. One of the key projects within this ecosystem is the role-playing game Domi Online.

The recent price rise brought Beam up to the resistance zone around $0.019, where the price turned back down, however. If buyers manage to break through this zone, there is potential for a further rise towards $0.023, which would significantly improve the coin's technical outlook.

If Beam manages to break through this resistance in the coming weeks, the price could rise further to $0.027, where people are likely to take their profits. Only when this barrier is durably overcome, Beam could rise further to the so-called Golden Pocket, which is around $0.031. In the medium term, the maximum price target of $0.036 is then in sight.

However, should Beam's share price fall again into the current resistance zone, a rebound to $0.016 is possible. If this support zone is broken during a broader market correction, the price decline could continue to the monthly low of $0.014, where buyers are predicted to re-enter.

If even this support zone fails to hold and Beam falls further, a pullback to the lows of recent months around $0.011 cannot be ruled out.