In this Bella Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for BEL-BTC. Bella Protocol is a decentralized finance (DeFi) platform that utilizes blockchain technology to facilitate peer-to-peer lending and borrowing. Its native cryptocurrency, BEL, serves as the platform’s governance token and allows holders to participate in decision-making processes. With its innovative features and strong development team, Bella Protocol is poised to revolutionize the DeFi space and provide users with a secure and transparent lending experience.
Bella Protocol Price Overview:
As of June 30, 2024, Bella Protocol is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for BEL-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 9,004.30 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Bella Protocol reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for BEL-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Bella Protocol is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.14% |
| 3D Change (%) | 0.63% |
| 7D Change (%) | 6.94% |
| 30D Change (%) | -33.75% |
| 90D Change (%) | -36.48% |
| YTD Change (%) | -42.99% |
Over the past three days, BELBTC has increased by approximately 0.63%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 6.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BELBTC maintaining a downward trend of approximately -33.75%, despite intermittent fluctuations. Examining the last 90 days, BELBTC has witnessed substantial drop of approximately -36.48%, reflecting strong long-term confidence. Year-to-date, BELBTC has steadily depreciated by around -42.99%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Bella Protocol Live Chart:
You can access a live price chart for BEL-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.67615.
- Momentum score is -0.19731.
BEL BTC Technical Analysis
Bella Protocol Trading Volume:
The trading volume for Bella Protocol (BEL) over the past 24 hours has been insignificant, with approximately 9,004.30 BTC traded against BEL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): BEL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Bella Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for BEL-BTC is currently in the low zone, around 40.85951. This suggests that Bella Protocol is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Bella Protocol (BEL-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Clearly see potential bearish trend for Bella Protocol (BELBTC) at 9.56e-06 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.