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In a surprising turn of events, the cryptocurrency community has been abuzz with the news of a substantial transfer of BEL tokens, valued at approximately $2 million, between addresses linked to Bella Protocol and DWF Labs. This significant transaction closely follows another noteworthy move, where Bella Protocol's private placement distribution address sent a whopping 5 million BEL tokens, equivalent to $2.55 million, to the renowned cryptocurrency exchange, Binance.
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).
Be[In]Crypto analyzes the price movement for seven different cryptocurrencies, including Bella Protocol (BEL), which is attempting to find support after a massive increase that began on May 30. The post Bella Protocol (BEL) Retraces After 320% Increase In Two Days — Multi Coin Analysis appeared first on BeInCrypto.