Summary
• BELUSDT traded in a tight range before surging on a high-volume 5-minute rally.
• Momentum accelerated sharply after 06:30 ET with RSI showing overbought territory.
• Bollinger Bands expanded during the afternoon, indicating rising volatility.
Market Overview
Bella Protocol/Tether (BELUSDT) opened at 0.1269 on 2025-12-27 at 12:00 ET–1, reaching a high of 0.1343 and a low of 0.1268 before closing at 0.1307 as of 12:00 ET. Total volume reached 1,980,921.5, with a notional turnover of $264,620.80.
Structure & Formations
The pair formed a strong bullish breakout following a consolidation phase, with key support at 0.1270 and resistance at 0.1315. A strong green engulfing pattern emerged between 06:30 and 06:45 ET, signaling a potential trend shift.
Moving Averages
The 5-minute 20-period MA crossed above the 50-period MA (golden cross) during the morning surge, reinforcing the bullish bias. On the daily chart, the 50-period MA is above the 200-period MA, indicating a medium-term uptrend.
Momentum Indicators
The 5-minute MACD turned positive in the morning and remained above the signal line, suggesting sustained bullish momentum. RSI peaked near 70, indicating overbought conditions but with no immediate bearish reversal signs.
Volatility and Volume
Bollinger Bands expanded sharply in the late morning and early afternoon, coinciding with the price surge. Volume spiked above average levels after 06:30 ET, with the largest 5-minute bar at 12:00 ET showing over 826,834 volume. Turnover surged in line with volume, confirming price action.
Fibonacci Retracements
Price approached the 61.8% Fibonacci retracement of the morning’s bullish move, consolidating near 0.1307–0.1308. A break above 0.1325 could target the 78.6% level at 0.1335, while a retest of 0.1270 may offer a key support for continuation.
Bulls may look to extend gains in the near term, but a pullback into the 0.1280–0.1285 range could test conviction. Investors should watch for a close above 0.1315 for confirmation or a rejection below 0.1290 for caution.
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