Bella Protocol Price Prediction 2023: This is When the BEL Price May Reach $1

Key Takeaways:

• Bella Protocol received a huge bullish push in the past few days that soared the prices by nearly 50% 
• Although the prices are facing some bearish action, the possibility of a giant price action continues to loom over the space

• The technicals suggest the price has triggered a recovery mode due to which the levels may rise beyond $1 soon

Bella Protocol Price History

• Bella Protocol price has been bearish since its inception in October 2020 and has failed to reclaim the levels 
• Although the bull run of 2021 raised the levels magnificently, the price failed to test the highs that it marked during its inception
• However, the price dropped into a deep bearish trend that prevailed for the rest of 2021 and remained under the extreme bearish influence throughout 2022
• The price is trying hard to reverse the trend since the beginning of 2023 but the drop in the buying pressure is the major hindrance 

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Bella Protocol Technical Analysis

Source: Tradingview

• The BEL price has been largely bullish since the beginning of 2023, while the bears have also marked their presence now and then
• The price has been trading along the lower trend line which is acting as a strong base in case of a bearish pullback
• The price is now believed to maintain a decent upswing and surge beyond the initial target of around $0.82
• After achieving these levels, a giant leap beyond $1 may be highly possible which may light up the possibility of a massive upswing ahead. 

Overview of Bella Protocol On-Chain Analysis:

Bella Protocol Sharpe Ratio

Source: Messari.io

Sharpe ratio is the popular tool used to measure risk-adjusted relative returns. It compares the token’s historical or projected returns with its risk. It is calculated by dividing the performance of the token over time by the standard deviation of returns. Hence it is also known as a measure of volatility and risks as the calculator is based on historical returns or forecasts. 

The ratio in the first half of March had dropped significantly but also rebounded quickly to soar high to reach the present levels. A good sharpe ratio is considered to be above 1 which indicates the investment is profitable and carries less risk. However, the current levels are around 2.48 which denotes the token may attract huge returns ahead. 

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Bella Protocol Volatility

Source: Messari.io

The volatility of a token refers to the price variation over time. The user activity over the platform highly impacts the volatility which in turn has a deep influence on the price. With a rise in the user activity, like buying or selling, the price tends to fluctuate heavily. This is when the token’s volatility rises which further impacts the price regardless of the direction of its movement. 

The BEL price was highly volatile a few days back due to which a notable upswing was triggered. However, the drop in the levels may have a notable impact on the price at the moment which is hovering within very small braces. 

Bella Protocol Price Prediction for 2023

Bella Protocol price has been trading under a tremendous bearish influence since its inception but has sustained at the support levels in most cases. Therefore, the price is displaying enough potential to go long in the coming weeks. Hence the price after a bearish close for the first quarter is expected to rebound finely and rise beyond $1 to close the H1 trade around $1.4.

The upswing is believed to intensify during the second half of 2023 as the bearish interference may wane slightly. The upswing may get intensified and close the Q3 trade at around $1.85 to $2.2. After withstanding bearish actions, the BEL price may close the yearly trade around $2.2 to $2.5. 

Bella Protocol Price Prediction for 2024

The BEL price may maintain a decent upswing since the beginning of 2024 which may transform into a bull run in the coming days. The price levels may rise beyond $3 during the Q1 trade and quickly surge to reach $2.5 by the end. During the Q2 trade, the price is expected to rise finely and trade around $4.2 to $4.4 by the end of H1 2024.

During the second half of 2024, the price movements may get intensified and spark a strong bull rally. The price may reach close to $5.5 by the end of Q3 trade and begin an iconic rally during the last quarter. The BEL price may trade around $7.5 to $9.3 by the end of 2024.

Bella Protocol PRICE PREDICTION 2025-2030

The bullish momentum may continue in the first few months of 2025 until the price surges beyond $10. A new ATH may be formed at around $11, after which a giant bearish action may begin. The price may remain bearish for the rest of the year and also maintain a similar trend throughout 2026 and may even mark fresh bottoms before the end. However, a significant recovery may also be expected in 2027 which may further trigger a significant recovery in 2028.

The volatility may soar high and reclaim the lost position, triggering a fine recovery phase that may prevail throughout the year. The recovery may soon switch into a notable bull run which may lift the price toward the desired target of close to $20. The bull run may thrive in 2029 as prices may mark a new ATH which may be followed by a bearish action that may prevail for the rest of the year and throughout 20230.

Should you invest in Bella Protocol in 2023? 

The Bella Protocol has been draining since the beginning and has maintained above the major support. Besides the possibilities of bearish interference actions, the bulls may remain determined to carry the prices high. However, before investing in BEL or any other token, it is important to analyze the market sentiments and the core fundamentals. Also, deep research on price movements may help to manage the risk effectively. 

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