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- 1 FTX crypto price retraced the 20-Day EMA and bounced higher, suggesting buyer’s dominance.
- 2 BLUR/USD chart technical outlook showcases a strong outlook in the short term.
Blur crypto price is holding higher grounds in the afternoon session today and has inched nearly 6% higher. The traders and investors are playing aggressive bullish bets as the price retraced the 20-Day EMA on the 4-hour chart.
Moreover, the Blur crypto started the day with a negative bias, extending the previous day’s losses. The bears sought to break below the 20-Day EMA to gain control over the trend.
However, the bulls made a comeback in the afternoon session which helped the price arrest the drop. A strong bullish candlestick was noted on the chart. At the time of writing, the price was at $0.712 with an intraday gain of nearly 7%.
Moreover, It has a market capitalization of nearly 892.6 Million after the intarday rise. The volume to market cap ratio is 37.53% suggesting high volatility in the crypto.
Blur Price Technical Analysis
Moreover, the broader term outlook remained in the correction phase until the price was maintained below a round level of $0.55 level. Furthermore, a breakout triggered on January 8th, 2024 after which the price climbed higher.
The trend outlook is strong in both the short term and long term and BLUR crypto could advance higher forming higher lows.
The technical indicators are signaling a strong outlook at the moment and a positive sentiment. At press time, RSI was at 66.99 points while the 14-Day SMA line was at 54.52 points. Both the lines are hovering above the mean line suggesting a bullish outlook.
Also, MACD line and signal line have made a bullish crossover and are diverging signaling the momentum rising. The overall technical indicators signify a strong outlook and continuation of the trend.
Blur Price Prediction January 2024
The most optimistic view of analysts assumes the price may attain a high of $0.12 by the end of January 2024. However, the pessimistic view of analysts hopes the price to drop to $0.644 near the recent support.
Blur Price Prediction 2024
The price Forecast for the year 2024 highlights that the BLUR token price could reach a high of $1.077 suggesting a potential gain of over 52.8%. Moreover, the bearish outlook of the analysts hopes the price could reach $0.914 by the year-end.
Blur Price Prediction 2025
By the year 2025, the Blur price may attain $1.466 as the highest price. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $1.232.
Blur Price Prediction 2026
On the most optimistic note, Blur crypto could gain to a high of $2.04 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $1.702.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
