In this Bella Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for BEL-BTC. Bella Protocol (BEL) is a decentralized platform that enables the creation, management, and execution of smart contracts on the Ethereum blockchain. It utilizes a unique consensus algorithm that allows for faster and more secure transactions, while also providing a more user-friendly experience for developers and users alike. With Bella Protocol, users can easily deploy and manage their own decentralized applications (dApps) without the need for complex coding or technical expertise.
Bella Protocol Price Overview:
As of September 22, 2023, Bella Protocol is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for BEL-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 21,396.20 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Bella Protocol reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for BEL-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Bella Protocol is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.23% |
| 3D Change (%) | 0.42% |
| 7D Change (%) | -4.86% |
| 30D Change (%) | 0.79% |
| 90D Change (%) | -0.05% |
| YTD Change (%) | -7.05% |
Over the past three days, BELBTC has risen by approximately 0.42%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BELBTC maintaining an upward trend of approximately 0.79%, despite intermittent fluctuations. Examining the last 90 days, BELBTC has witnessed substantial decline of approximately -0.05%, reflecting strong long-term confidence. Year-to-date, BELBTC has steadily decreased by around -7.05%, 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 0.53223.
- Momentum score is 0.00788.
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 21,396.20 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 neutral zone, around 47.77376. This suggests that Bella Protocol is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
