Home
News
- 1 BLUR token price chart shows a move and slipped below the 20 day EMA mark.
- 2 Bears have gained momentum and are willing to drag BLUR to $0.4000 mark.
The Blur token price signifies bearish momentum and witnessed a falling parallel channel on the charts. For the past few weeks, the token persisted in dragging gains and slipped below the significant moving averages, reflecting seller dominance. Furthermore, the price action showcased that the sellers are eager to push the token toward the demand zone of $0.004000 mark and is on the decline.
At press time, the Blur token (BLUR) price traded at $0.5301 with an intraday gain of 0.56%, reflecting neutrality on the charts. It has a monthly return ratio of -26.67% and 24.78% on a yearly basis. The pair of BLUR/BTC is at 0.00000741 BTC, and the market cap is $798.72 Million. Analysts are neutral and suggest that the BLUR token may continue to deliver bearishness and will retest the 52 week low of $0.003900 mark.
BLUR Price Volume Profile On Daily Timeframe Showcasing Bearishness
The above chart showcased the price to volume profile of the Blur token reflecting follow-on selling pressure in the past few sessions. The token lost over 38% of gains and reached bearish territory. However, the intraday trading volume signifies a drop of over 12.78% to $62.44 Million.
Price Volatility & Weighted Sentiment Outlook
The data indicates a decline in the price volatility value, demonstrating neutral price action. The value dragged below the mid line to around 0.014. Similarly, the weighted sentiment is neutral at around -0.264.
Social Dominance and X Followers Insights
The social dominance shows average insights and looks average, noted at around 0.061%, reflecting a neutral interest on the media discussion reports. However, the X followers data noted a steep decline and slipped to -1545, a fall of over 230% was noted.
What Do Open Interest & Holding Data Indicate?
Per the charts, the derivative data signifies short buildup activity and the open interest data witnessed a surge of over 1.11% to $104.17 Million. Moreover, the total amount of holders revealed a drop to 54.7k.
Per the Fib levels, the Blur price trades below the 23.6% zone and, delivering a negative outlook. However, the RSI curve stayed below the midline and a convergence of the RSI line with the signal line was noted.
The total supply of the Blur token is 3 billion, whereas the volume-to-market cap ratio is 0.0782, and it ranked 123 in terms of market cap in the global crypto market.
Summary
The Blur token (BLUR) price signifies bearish momentum and is trading in the bearish trajectory. Moreover, the trend is favoring the bears and further down move is anticipated in the next sessions. Conversely, if the token retains the 20 day EMA mark above $0.5500, a rebound could appear soon.
Technical Levels
Support Levels: $0.5100 and $0.5000
Resistance Levels: $0.5500 and $0.5700
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
