Market Overview: Bella Protocol/Tether (BELUSDT)

Summary
• Price opened at 0.1295 and dropped to 0.1262 before retracing to 0.1342, forming a bullish recovery from late-day support.
• Volume surged during a sharp 0.1262–0.1342 rebound, confirming upward momentum.
• RSI and MACD suggest overbought conditions after midday rally, hinting at potential consolidation.
• Key support at 0.1262–0.1275 and resistance at 0.1328–0.1344 were tested multiple times.
• Volatility expanded midday as price broke above a 0.1291–0.1342 Bollinger Band ceiling.

Bella Protocol/Tether (BELUSDT) opened at 0.1295 on 2025-12-28 12:00 ET, reaching a high of 0.1342 and a low of 0.1262 before closing at 0.1296 as of 2025-12-29 12:00 ET. Total traded volume was 2,556,963.0 and notional turnover reached $331,767.73 over the 24-hour period.

Structure & Formations

The price action from 0.1262–0.1342 reflected a strong bullish reversal pattern, particularly between 03:45 and 05:45 ET. A key support level at 0.1262–0.1275 held firm during a midday breakdown, preventing further downward extension. A large bullish engulfing pattern formed near 04:00 ET, confirming the recovery. Resistance at 0.1328–0.1344 was approached multiple times but not decisively breached, suggesting consolidation ahead.

Technical Indicators

MACD turned bullish during the early morning surge, with a positive histogram forming after 04:00 ET. RSI spiked into overbought territory above 70 during the 03:45–05:45 rebound, suggesting potential pullbacks. Bollinger Bands expanded significantly midday, with price closing near the upper band at 0.1342, signaling increased volatility.

Volume and Turnover

Volume surged during the 03:45–05:45 rally, peaking at over 599,585.6 volume units as price pushed above 0.1330. Turnover spiked in line with volume during this period, confirming strength. Divergence in volume appeared during the late afternoon consolidation phase, suggesting weakening conviction in the rally.

Fibonacci Retracements

The 0.1262–0.1342 swing defined key retracement levels. Price found temporary resistance at the 61.8% level (0.1328) and support at the 38.2% level (0.1293). A break above 0.1344 could target 0.1362 on a 1.272 extension, while a retest of 0.1275 could trigger further declines.

Price appears to be consolidating after a sharp recovery, with key levels now in focus. Investors may watch for a decisive breakout above 0.1344 or a retest of 0.1275 in the next 24 hours. Volatility remains elevated, and sharp reversals could occur if volume diverges from price.