$BEL Showing Strong Momentum! ๐
On the 1h timeframe, $BEL currently at $0.6797, up by a solid +6.04%. The 24h high is $0.6862, with a volume of 5.17M BEL and 3.30M USDT. The RSI is also elevated at 74.58, indicating strong buying pressure.
Key Observation:
โฌ๏ธ displaying strong upward momentum on the 1-hour chart.
Next Target:
๐ $0.6862 (testing the 24h high - immediate resistance)
$BEL Potential Bullish Targets (if high is broken):
โฌ๏ธ $0.7000 - $0.7200 (next potential resistance levels and psychological levels)
Important Support Levels:
๐ก๏ธ $0.6600 - $0.6700 (potential near-term support)
๐ก๏ธ $0.6400 (stronger support zone)
exhibiting strong bullish momentum. A break above the $0.6862 high could lead to further significant gains. However, the high RSI suggests that caution is warranted, and a pullback could occur. Monitor volume and price action closely. #bel #StrongMomentum