Bella Protocol (BEL/USDT) Daily Chart Analysis ā š Huge Breakout!
Current Price: $1.1424 (+22.43%)
Daily Range: High $1.1942 ā Low $0.9167
š Key Technical Insights:
š¹ Trend & Price Action:
Massive bullish surge with strong momentum and volume.
Bollinger Bands expansion, indicating high volatility and strong uptrend.
š¹ Moving Averages (MA):
ā
Bullish: SMA 5, SMA 10, SMA 20 ā All turned bullish, confirming the trend strength.
š¹ Momentum Indicators:
RSI (87.56) ā Overbought zone, but can stay elevated in strong trends.
Stochastic RSI ā Bullish crossover, confirming further upside potential.
MACD ā Bullish crossover, supporting momentum continuation.ADX ā Bullish crossover, signaling a strong trend.
š¹ Other Indicators:
MFI (Money Flow Index): Overbought, indicating strong buying pressure but also a possible short-term pullback.
VWAP (Volume Weighted Average Price): Uptrend, reinforcing bullish momentum.
š Resistance & Support Levels to Watch:
š Key Resistance: $1.20, $1.30
š Key Support: $1.00, $0.90
ā ļø Outlook & Trading Plan:
ā
Bullish Scenario: If BEL breaks above $1.20, it could extend gains to $1.30+.
ā ļø Bearish Risk: If profit-taking occurs, support at $1.00 must hold.
š¢ Conclusion: BEL is in a powerful uptrend, but caution is needed as RSI is overbought. Watch for potential retracements before another leg up!
š„ Stay tuned for more moves! šš
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