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BEL/USDT Bullish Momentum ?? Bella Protocol Analysis Today

BINANCE:BELUSDT   BEL / TetherUS
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πŸ’Ž BEL has recently faced rejection at the resistance trendline and is currently retesting the demand zone, aiming for a bounce-back and another shot at breaking the resistance.

πŸ’Ž The demand zone appears to be a robust area that has historically prevented BEL from dipping further. Multiple rejections and strong bounces have been observed whenever the price hit this zone. BEL is currently consolidating within a range of $0.45 to $0.93.

πŸ’Ž The $0.45 mark serves as a significant demand area, while $0.93 acts as a bearish Order Block or a strong supply zone. Should BEL successfully break out of its current pattern, it has the potential to soar towards the $0.93 supply area.

Keep your charts refreshed and stay tuned for more insights! 🌴

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