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- 1 BLUR crypto price is trading above the key moving averages.
- 2 Blur crypto price is in the bulls’ grasp, dominating bears.
Blur is a fee-free non-fungible token (NFT) marketplace launched in October 2022 to meet the needs of professional NFT traders. The platform allows users to buy, sell, and list NFTs simultaneously on multiple platforms without charging royalties and with a convenient fee structure. Blur was co-founded by Tyeshun Rocker, also known online as “Pacman.”
The NFT marketplace is backed by Paradigm, a renowned cryptocurrency venture capital firm, and is designed specifically for professional NFT traders. The BLUR token is an ERC-20 token that controls key parameters of the Blur marketplace protocol and lending protocol (Blend). Owners of $BLUR have voting rights in the Blur DAO, allowing them to participate in governance decisions actively.
The token also plays an important role in the development and growth of the Blur ecosystem, including the marketplace, aggregator, and lending protocol. The distribution and value growth of BLUR is determined by a governance process, ensuring that decisions are well communicated and communicated to the wider community.
Indicator Analysis of BLUR Crypto
The BLUR (USD: BLUR) cryptocurrency is currently trading above its 50-day and 200-day exponential moving averages (EMAs), which supports its price momentum.
The current RSI value is 79.96 points. The 14 SMA is above the centerline at 64.70 points, highlighting the bullish nature of the BLUR cryptocurrency.
The MACD line at and the signal line at 0.0579 are above the zero line. A bullish crossover is observed in the MACD, which indicates strong momentum in the price of the BLUR cryptocurrency.
What BLUR Crypto Chart Shows
The price of the BLUR cryptocurrency is trading above key moving averages, showing a bullish chart structure. Moreover, the chart structure favors the bulls and suggests follow-up buying that will lead to $0.7000 in the next session.
BLUR crypto price is trading above neutral levels and shows buying momentum in recent sessions. The BLUR cryptocurrency has shown an optimistic outlook and continues to overcome obstacles resolutely and is currently trying to break out of the $0.6700 range.
At the time of writing, the price of the BLUR cryptocurrency rose 20.10% intraday and is trading at $0.6093, showing bullishness on the chart. Moreover, the trading volume is $921.366 Million and the market capitalization is $670.898 Million.
Summary
Price movements reflect an optimistic outlook. However, investors and traders must wait to be properly prepared for the next step and avoid FOMO. MACD, RSI, and EMAs are showing positive signs, suggesting that the BLUR cryptocurrency price may continue to rise. However, as buying volume rises, the price could mark higher highs. Meanwhile, the BLUR price is expected to move higher, giving a bullish outlook on the daily chart.
Technical Levels
Support Levels: $0.2948
Resistant levels: $0.6693
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in crypto involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
