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- 1 Blur price prediction suggests that the Blur token is under the bears’ hold.
- 2 On the daily chart, Blur price is down by 8.25% in the last 7 days.
Blur price prediction indicates that the Blur token is moving near its previous support level. According to the price action, Blur price is in the accumulation phase. The price will require significant buyer support in order to break out of the range and the multiple obstacles presented by the crucial EMA levels.
Observing the historical price acṭion, Blur price has been facing constant resistance from the 20 EMA for the past few months. After making a lower low it is moving sideways, the breakout of the trend will decide the direction of the trend though the Blur crypto at present is under the bear’s command.
The price will require aggressive support from the buyers in order to make a break, despite the bearish trend. As past attempts have not yielded the desired result for the buyers, the probability of a breakout is low. However, even if it does not make a breakout, Blur price can make a bullish rally of 12 – 22% as it has diverged from the EMAs and is moving near the demand zone.
Blur’s price is currently trading at $0.30 with a 20.99% gain in the 24-hour trading volume and has a market cap of $238.67 Million.
A Surge 24h Volume, Fall In Bullish Optimism
According to LunarCrush, the community is not very active regarding the Blur token on social media platforms. The total bullish sentiment parameter recorded a fall of 75.35% whereas the total social engagement metrics are seeing a fall of 26.63% within the past week.
Blur Price Prediction: Technical Analysis of Blur Price On Daily Chart
The RSI line is progressing toward the demand zone though the upward curve indicates that it may take a retest. The RSI line is moving near 44.52 points and the 14 SMA provides resistance at around 36.45 points. The RSI line indicates that the price of the Blur token may take a retest.
Stochastic RSI has almost approached the oversold levels. The Investors might wait for a positive interception between the %D and %K line before acting upon the indicator. The present value of stochastic RSI is 0.00 points.
Conclusion
According to the analysis, the price will require significant buyer support in order to break out of the range. Blur price can make a bullish rally of 12 – 22% in the near future if the buyers are up to it.
Technical levels
Support – $0.25
Resistance – $0.40
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
