BEL/USDT Prediction for the Next 24 Hours
Current Market Data from Screenshot:
Current Price: $0.8163
24H High: $0.8257
24H Low: $0.7225
24H Change: +10.80%
$BEL ๐๐๐ฅ
Moving Averages (MA):
MA(7): $0.7080
MA(25): $0.7193
MA(99): $0.7078
MACD:
DIF: -0.0151
DEA: -0.0433
MACD Histogram: 0.0282
Technical Analysis & Prediction
1. Trend Analysis (Bullish Recovery)
BEL has gained 10.80% in 24 hours, indicating a strong recovery.
Price is now above MA7, MA25, and MA99, confirming short-term and mid-term bullish momentum.
The recent low of $0.5340 suggests a strong support zone was formed, leading to the current rally.
2. MACD & Momentum Indicators
MACD is turning positive, showing bullish momentum increasing.
The MACD line is crossing above the signal line, which is a strong buy signal.
If momentum continues, further upside is likely.
3. Volume & Market Sentiment
24H Volume (BEL): 10.74M, showing strong trading activity.
24H Volume (USDT): 8.41M, meaning decent liquidity.
Increased volume during price movement confirms active buying interest.
4. Resistance & Support Levels
Immediate Resistance: $0.8257 (24H high)
Next Resistance: $0.8700 - $0.9000
Immediate Support: $0.7497 (recent breakout level)
Stronger Support: $0.7225 (24H low)
Predicted Movement for the Next 24 Hours
Scenario 1: Bullish Continuation (60% Chance)
If BEL stays above $0.7500 - $0.7700, it may break $0.8257 and test $0.8700 - $0.9000.
A strong breakout above $0.9000 could push towards $1.00, but that would require sustained volume.
Scenario 2: Profit-Taking Correction (40% Chance)
If selling pressure increases, BEL may drop back to $0.7500 - $0.7700 before attempting another move higher.
A break below $0.7200 could send it back toward $0.6800 - $0.7000.
Trading Strategy Suggestion
If Bullish: Buy on dips near $0.7500 - $0.7700, target $0.8500 - $0.9000.
If Bearish: Wait for confirmation of a breakdown below $0.7200, then short.
Final Thoughts
BEL is currently in a strong bullish recovery, but resistance at $0.8257 - $0.8700 needs to break for further upside.
