Bella Protocol - a new rally is closer than

Bella Protocol seems to be completing its buy zone consolidation, which has been going on since March 2021.

The price needs to break above the dotted yellow line. The next price target can be a level above $5.82.

If there can be a new higher high, then the next price target can be as high as $20, which also depends on overall market conditions.

On the bearish side, with the falling crypto prices, Bella Protocol could slide down again below $1. 40, which means more consolidation will be needed for a new price rally.

Overall, I am optimistic about the price trend of Bella Protocol.