Bella Protocol Technical Analysis: BEL Bulls Aiming For $1.30
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Past Performance of the Bella Protocol
The Bella Protocol token is ripping higher at spot rates, adding an impressive 60 percent on average against BTC, ETH, and USDT in the past 24 hours. Overall, buyers are in the driving seat as the BEL crypto token is back to April 2022 highs.
Bella Protocol Technical Analysis
According to Bella Protocol technical analysis, buyers are in control, bottoming out at spot rates. The surge in crypto prices in the past trading week is a massive boost for BEL token bulls considering double-digit losses from April highs. At spot rates, BEL crypto bulls may find entries to load. However, since the token is up roughly 4.2X from 2022 lows, traders may wait for a breakout above $1.30 to load on the bullish breakout. Further gains may prepare Bella Protocol coin prices for a leg up towards $2.30 or H2 2021 highs in a bullish continuation pattern.
What to Expect from BEL?
Technically, the coin is bottoming up after breaking above the middle BB. The BEL crypto is up a massive 4.2X from 2022 lows and may post more gains in the days ahead. However, the pace of the leg up largely depends on how prices react at April 2022 highs at around $1.30.