BEL Price Skyrockets 164.21% in 24 Hours Amid Market Volatility

On SEP 2 2025, BEL experienced an extraordinary 164.21% price increase within 24 hours, reaching $0.2348. This sharp rise followed a 592.36% drop over the past seven days and a 5673.06% decline in the last year, highlighting the extreme volatility surrounding the asset. Despite the recent one-month recovery of 24.92%, BEL remains significantly below its annual average.

The rapid price surge over the last day appears to have been triggered by a sudden shift in investor sentiment, possibly linked to emerging market news or algorithmic trading activity. While no direct explanation has been provided for the sudden rally, the move has drawn attention from traders and analysts, who are now evaluating whether the uptick signals a potential reversal or a temporary anomaly.

Technical indicators have begun to show early signs of a potential short-term reversal. The RSI moved into overbought territory during the one-day rally, suggesting limited room for further upward momentum without a correction. Meanwhile, the MACD line crossed above the signal line, indicating a possible bullish trend formation. However, these signals should be interpreted cautiously given the asset’s history of extreme price swings.

The recent price action has rekindled interest in BEL among speculative traders, many of whom are now positioning for either a continuation of the upward move or a sharp reversal. Analysts project that the price could either consolidate in a narrow range or face renewed downward pressure, depending on how institutional players react to the volatility.

Backtest Hypothesis

The recent price movement has prompted a re-evaluation of certain technical trading strategies. A proposed backtest involves a strategy that buys the asset when the MACD line crosses above the signal line and the RSI is above 50, with a sell trigger when the MACD line crosses below the signal line or the RSI dips below 30. This setup is designed to capture short-term bullish momentum while incorporating bearish sell signals to limit downside risk.

The strategy will be tested over the past six months using a strict entry and exit framework, excluding any discretionary decisions. The aim is to assess whether the asset’s recent volatility can be systematically captured without overexposing the trader to extreme drawdowns. Given the asset’s behavior over the past year, including the sharp 5673.06% drop, the backtest will also include a stop-loss component to mitigate the risk of sudden, large declines.