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NewsBTC 2022-10-03 13:12:14

Bella Protocol Shows Strength, Can Bulls Break A Key Resistance?

BEL price creates more bullish sentiment as price struggles to break and hold above the daily 50 EMA BEL looks more stable as bulls breakout of a descending triangle The price of BEL could face major resistance at $1 Bella Protocol (BEL) had a rocky start to the year, failing to live up to its initial hype. However, this could be set aside as the price has recently turned bullish against tether (USDT). Bella Protocol (BEL) has seen more of a downtrend than an upside in the bear market, with the price struggling to regain the bullish structure and failing each time, with Bitcoin (BTC) falling to a region of $18,700, affecting the price of altcoins. (Data from Binance) Related Reading: Litentry Breaks Out Of A Descending Triangle, Can Bulls Hit $1.2? Bella Protocol (BEL) Price Analysis On The Weekly Chart The cryptocurrency market hasn’t had the best price movement in recent times, but that doesn’t mean that some crypto assets haven’t shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum. Despite showing less price movement in recent weeks, the price of BEL has continued to trade below the key resistance level of $0.67, preventing a rally to new highs. The price of BEL ended the week looking more bullish as bulls pushed the price to break the resistance at $0.67, setting up a more bullish price movement for the price of BEL in the coming week. The pr...

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