BEL/USDT Daily Candlestick Analysis

Current Market Overview:

Price: $0.9977 (+5.83%)

24H High: $1.1942

24H Low: $0.9167

Today's Change: -8.17% (pullback after a strong rally)

Recent Trend: Bullish breakout with a sharp upward movement

---

Candlestick Analysis:

1. Strong Bullish Rally:

The price moved from $0.4729 to $1.1942, showing a massive uptrend.

This suggests strong buyer interest and momentum.

2. Wick at the Top (Possible Rejection):

The latest candle has a long upper wick, indicating that sellers pushed the price down after hitting $1.1942.

This suggests profit-taking or a potential temporary reversal.

3. Support & Resistance Levels:

Immediate Support: $0.9129 - $0.9500 (If price holds, the uptrend may continue)

Resistance: $1.10 - $1.20 (Needs strong buying pressure to break)

---

Next Move Prediction:

If the price stays above $0.95, it may retest $1.10 - $1.20.

If it breaks below $0.95, a correction towards $0.85 - $0.75 is possible.

Volume Confirmation: If the next few candles have strong green volume, it could continue upwards.