Bella Protocol (BEL/USDT) Daily Chart Analysis – 🚀 Huge Breakout!
Current Price: $1.1424 (+22.43%)
Daily Range: High $1.1942 – Low $0.9167
📊 Key Technical Insights:
🔹 Trend & Price Action:
Massive bullish surge with strong momentum and volume.
Bollinger Bands expansion, indicating high volatility and strong uptrend.
🔹 Moving Averages (MA):
✅ Bullish: SMA 5, SMA 10, SMA 20 → All turned bullish, confirming the trend strength.
🔹 Momentum Indicators:
RSI (87.56) → Overbought zone, but can stay elevated in strong trends.
Stochastic RSI → Bullish crossover, confirming further upside potential.
MACD → Bullish crossover, supporting momentum continuation.ADX → Bullish crossover, signaling a strong trend.
🔹 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.
📉 Resistance & Support Levels to Watch:
🚀 Key Resistance: $1.20, $1.30
📉 Key Support: $1.00, $0.90
⚠️ Outlook & Trading Plan:
✅ Bullish Scenario: If BEL breaks above $1.20, it could extend gains to $1.30+.
⚠️ Bearish Risk: If profit-taking occurs, support at $1.00 must hold.
📢 Conclusion: BEL is in a powerful uptrend, but caution is needed as RSI is overbought. Watch for potential retracements before another leg up!
🔥 Stay tuned for more moves! 🚀📈
