Market Overview for Bella Protocol/Tether (BELUSDT)

Summary
• Price action shows consolidation near 0.1273 after a sharp rebound from 0.1262.
• Volume spiked during the 15:00–16:00 ET window, but price failed to break above 0.1292.
• RSI hit oversold levels during the early morning, followed by a rebound confirming bearish exhaustion.
• Bollinger Bands tightened during 02:00–04:00 ET, signaling potential for a breakout or breakdown.
• Fibonacci retracement levels suggest key support at 0.1271 and resistance at 0.1292 for near-term action.

At 12:00 ET on 2025-12-17, Bella Protocol/Tether (BELUSDT) opened at 0.1274, peaked at 0.1330, and closed at 0.1276 after a 24-hour session marked by choppy price action and uneven volume. The pair found support around 0.1271 and resistance near 0.1292. Total volume reached approximately 2.98 million, with notional turnover of $394,000.

Structure & Formations

Price spent the majority of the session consolidating between 0.1271 and 0.1292, forming a symmetrical triangle pattern. A bearish engulfing pattern emerged at 0.1281 around 14:45 ET, signaling potential for a short-term pullback. A bullish morning star pattern was observed near 0.1271, indicating a potential bottoming process.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA early in the session, forming a golden cross. However, the move was not sustained, and the 20 MA dipped below the 50 MA by 14:00 ET. On the daily chart, the 50 MA appears to be forming a support line around 0.1268, suggesting a potential base for the pair.

MACD & RSI

The 5-minute MACD trended sideways with no clear direction, but the histogram showed bearish divergence during the 16:00–17:00 ET window.

RSI hit 28 near the bottom of the range on the morning chart, confirming oversold conditions. A subsequent rebound pushed RSI back into neutral territory, suggesting a temporary pause in selling pressure.

Bollinger Bands

Volatility contracted between 02:00 and 04:00 ET, with the bands narrowing and price action staying within a tight range. This period was followed by a breakout attempt above the upper band, which failed to hold. Price has since remained in the lower half of the bands, indicating bearish bias and potential for a further pullback.

Volume & Turnover

Volume spiked sharply during the 15:00–16:00 ET window, reaching 227,533.3 units, but price failed to hold above 0.1292. This divergence suggests that the rally may be losing steam. Notional turnover also increased during this period, indicating higher conviction in selling.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from 0.1262 to 0.1330, key levels are at 0.1271 (38.2%), 0.1284 (50%), and 0.1292 (61.8%). Price has stalled near the 38.2% level, and the next test will be whether it can hold above 0.1271.

The market may consolidate around the 0.1271–0.1292 range in the coming session as traders await a breakout or breakdown. Investors should remain cautious as increased volatility and divergences suggest potential for a reversal.