Market Overview: BELUSDT 24-Hour Technical Summary

• BELUSDT declined by 15.7% over the past 24 hours, with a low of $0.2529 and a high of $0.2674.
• A bearish momentum signal emerged, supported by RSI entering oversold territory and declining volume.
• Price tested key support levels repeatedly, most recently at $0.2551 and $0.2529, before stabilizing.
• Bollinger Bands reflected a moderate volatility expansion, with price near the lower band in final hours.
• Volume surged on the downward move, while turnover confirmed bearish continuation, particularly in late ET hours.

Bella Protocol/Tether (BELUSDT) opened at $0.2659 on 2025-09-18 12:00 ET, reaching a high of $0.2674 and a low of $0.2529, with a final close at $0.2577 on 2025-09-19 12:00 ET. The total trading volume was 1,849,069.2, while notional turnover amounted to $465,046.14. A distinct bearish bias emerged, with price action failing to hold above key Fibonacci retracement levels of 38.2% and 61.8% from the recent swing high.

Structure and trend formation highlighted a bearish continuation pattern, notably a series of lower lows and lower highs following a failed bullish attempt in late ET hours. A key support level at $0.2551 was broken, triggering further downward momentum. On the 15-minute chart, a bearish engulfing pattern formed around $0.2577, confirming the shift in sentiment. Additionally, a doji near $0.2545 suggested indecision and potential exhaustion in the downward move.

The 20-period and 50-period moving averages on the 15-minute chart remained bearish, with price well below both. The daily 50/100/200 MA structure showed a similar bearish alignment, reinforcing the medium-term downtrend. MACD lines crossed below the signal line early in the period, signaling bearish momentum, while the histogram showed a steady decline in momentum. RSI reached oversold territory near 30 in the final hours, suggesting potential for a short-term rebound, though a close above $0.26 may be necessary to validate bullish momentum.

Bollinger Bands expanded moderately during the late ET sell-off, with price touching the lower band near $0.2529 and bouncing slightly. This may indicate a temporary oversold bounce, but without a clear break above the upper band or a strong rejection at the lower band, the volatility may remain contained in a consolidation phase. The 15-minute Fibonacci retracement levels showed price bouncing from the 61.8% level at $0.2551, suggesting a possible short-term support zone.

The volume profile confirmed the bearish bias, with several large-volume bars in the late ET sell-off, particularly between 04:00 and 06:00 ET. Turnover surged as price approached the $0.2551 and $0.2529 support levels, showing strong conviction in the bearish move. However, the lack of follow-through buying above $0.2577 in the final hours may suggest weak demand at higher levels. Divergence between volume and price was not observed, as both metrics aligned in the bearish direction.