BEL USDT Bella Protocol Technical Analysis

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By Frans van Elst

Bella Protocol logo In this Bella Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for BEL-USDT. Bella Protocol is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a secure and transparent way to invest in various assets. The platform’s native cryptocurrency, BEL, serves as the primary medium of exchange for users to participate in the DeFi ecosystem. With its innovative features and user-friendly interface, Bella Protocol is poised to revolutionize the financial industry by providing access to a wide range of investment opportunities for individuals and institutions alike.

Bella Protocol Price Overview:

As of June 17, 2024, Bella Protocol is trading at approximately 0.6455 USDT. Let’s dive into the detailed price action for BEL-USDT:

Anticipate potential setbacks for Bella Protocol (BELUSDT) at 6.45e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.7194
High (H) 0.7257
Low (L) 0.63
Close (C) 0.6455
Volume (C) 2,061,587.50
  • Open (O): The opening price for today’s trading session was approximately 0.7194 USDT.
  • High (H): Bella Protocol reached a daily high of around 0.7257 USDT.
  • Low (L): The daily low for BEL-USDT was approximately 0.63 USDT.
  • Close (C): At the time of analysis, Bella Protocol is trading near its daily close of 0.6455 USDT.
Metric Value
1D Change (%) -10.27%
3D Change (%) -9.48%
7D Change (%) -19.70%
30D Change (%) -26.91%
90D Change (%) -15.17%
YTD Change (%) -8.85%

Over the past three days, BELUSDT has dropped by approximately -9.48%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -19.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BELUSDT maintaining a downward trend of approximately -26.91%, despite intermittent fluctuations. Examining the last 90 days, BELUSDT has witnessed substantial fall of approximately -15.17%, reflecting strong long-term confidence. Year-to-date, BELUSDT has steadily declined by around -8.85%, 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-USDT 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 0.83243.
  • Momentum score is -0.27464.

BEL USDT Technical Analysis

Bella Protocol Trading Volume:

The trading volume for Bella Protocol (BEL) over the past 24 hours has been significant, with approximately 2,061,587.50 USDT 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-USDT is currently in the low zone, around 39.62413. This suggests that Bella Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Bella Protocol (BEL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Anticipate potential setbacks for Bella Protocol (BELUSDT) at 6.45e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Dive into the details with our in-depth analysis on BEL BTC Bella Protocol Technical Analysis; you won’t want to miss it if you found this post interesting.

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.

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