Market Overview for Bella Protocol/Tether (BELUSDT)

• BELUSDT opened at $0.2465 and traded between $0.2343 and $0.2481 before closing at $0.2399.
• A sharp bearish move occurred after 19:00 ET, with price dropping nearly 2.5% in three hours.
• Volatility expanded during the overnight session, as price tested key support levels.
• Volume surged during the 22:00–03:00 ET range, suggesting increased bearish activity.
• RSI hit oversold territory near $0.2370–0.2380, hinting at potential short-term bounce.

Bella Protocol/Tether (BELUSDT) opened at $0.2465 on October 25, 2025, and traded as high as $0.2481 before retreating sharply, reaching a low of $0.2343. The pair closed at $0.2399 by 12:00 ET on October 26, 2025. Over the past 24 hours, total trading volume reached 6,335,424.1, while total notional turnover stood at $1,507,264 (based on cumulative volume × price).

The candlestick pattern over the last 24 hours suggests a bearish exhaustion following a sharp sell-off from $0.2481 to $0.2343, which unfolded in less than 5 hours. Key support levels emerged around $0.2370–$0.2380, where the price found temporary relief and consolidated. A bullish engulfing pattern formed near the $0.2380 level during the early hours of October 26, potentially signaling a short-term reversal. However, the lack of follow-through buying above $0.2405 suggests buyers may still be cautious.

Moving averages on the 15-minute chart show price currently below both the 20SMA and 50SMA, reinforcing the bearish bias. On the daily chart, price remains under the 50DMA and 200DMA, a bearish sign over a longer horizon. The RSI entered oversold territory in the $0.2370–0.2380 range, indicating a potential near-term bounce. MACD remains bearish with a negative histogram, but the RSI divergence could hint at a short-term rebound. Bollinger Bands widened significantly during the sell-off, reflecting increased volatility, with price currently consolidating in the lower half of the bands.

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Fibonacci retracements drawn from the high of $0.2481 to the low of $0.2343 highlight key levels: 38.2% at $0.2418 and 61.8% at $0.2385. Price has recently tested and bounced off the 61.8% level, which could act as a short-term support if buyers remain active.

Volume and notional turnover spiked during the 22:00–03:00 ET window, coinciding with the sharp decline and consolidation phase. While volume during the bullish move from $0.2343 to $0.2399 was moderate, it did confirm the initial rebound. A divergence between price and volume near the $0.2400 level, however, may suggest weak follow-through.

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The pair appears to be consolidating after a sharp bearish move, with key Fibonacci and RSI levels providing possible short-term directional clues. While a bounce near $0.2380–0.2400 is possible, a failure to break above $0.2410 could see further bearish pressure. Investors should remain cautious, as volatility and volume suggest market uncertainty.