Market Overview for Bella Protocol/Tether (BELUSDT) – 24-Hour Technical Summary

• BELUSDT rallied from 0.2466 to 0.2670 over 24 hours, showing strong upward momentum
• Price closed near the day’s high at 0.2656, suggesting bullish control
• Volatility expanded in late hours, with a 15-minute high of 0.2665
• Volume surged to 305,736.2 on the 15-minute chart near the 24-hour high
• RSI moved into overbought territory, while MACD showed a bullish crossover

Bella Protocol/Tether (BELUSDT) opened at 0.2466 on 2025-09-17 at 12:00 ET and closed at 0.2656 the following day. The price surged to a high of 0.2670 and dropped to a low of 0.2466 during the 24-hour period. Total volume reached 305,736.2, with notional turnover amounting to $79,612.8. The price action reveals a strong rally driven by increasing volume and momentum.

The price formed a bullish breakout above a key resistance level of 0.2580 in the early evening hours and continued higher, forming multiple strong white candles. A notable pattern is a bullish engulfing candle on the 15-minute chart at 0.2595–0.2602 at 02:30 ET, confirming a shift in sentiment. A shooting star pattern at 0.2613–0.2615 at 04:30 ET hinted at a temporary overextension, which was followed by consolidation. Key support levels are at 0.2563 and 0.2583, while resistance is forming at 0.2609, 0.2617, and 0.2658.

MACD crossed above the zero line mid-morning, indicating growing bullish momentum, and the histogram showed a sharp expansion during the late afternoon rally. The RSI reached 70 in the early evening and remained elevated, suggesting overbought conditions. However, given the strong volume and trend confirmation, overbought levels may not trigger immediate corrections. Bollinger Bands widened significantly during the price breakouts, reflecting increased volatility, and the price traded near the upper band for most of the late hours.

Fibonacci retracement levels applied to the key swing at 0.2466 to 0.2610 indicate critical psychological levels at 0.2535 (38.2%) and 0.2573 (61.8%). A breakout above 0.2617 is likely to test the 0.2658–0.2670 range. Daily moving averages (50/100/200) are likely aligned below the price action, reinforcing the bullish trend.

Backtest Hypothesis

A potential backtesting strategy for BELUSDT could involve a trend-following breakout system using the 15-minute candlestick data. Entries could be triggered on a close above the upper Bollinger Band, confirmed by a bullish engulfing pattern and a MACD crossover. Stop-loss placement could be set just below the most recent support level (e.g., 0.2583), while the take-profit target might align with the 61.8% Fibonacci level at 0.2573 or the next key resistance. Given the current momentum and volume dynamics, this system could capture a significant portion of the upward trend if the price remains above the 0.2583 support.