- The Blur crypto price is trading between the 20-day and 100-day moving averages.
- The trading volume of Blur is $117.04 million and decreased by 27% in the previous 24 hours.
According to the technical chart, the Blur (BLUR) crypto price has performed positively for the last few months. It has been rising by taking support on the trendline and reached a multi-day high. Recently, it has taken support on the 100-day EMA and extended it to the 20-day EMA by rising 16% in just 5 days. If the price surpasses the recent high and sustain, it may eye for the $1 mark.
Based on the chart, the BLUR price is rising by forming higher highs and higher lows. It has recently taken support on the trendline and risen by 18% but faced resistance from the 20-day moving average.
The current market price of Blur is $0.69, which rose by 0.31% in the last 24 hours. The circulating supply of Blur is 1.46 billion BLUR and the total supply is 3.00 billion. The market capitalization of the crypto is $1.04 billion and its fully diluted market cap is $2.10 billion.
Blur Crypto Price vs Volume Analysis
According to the graph of volume vs price, the trading volume and price have been constant for the last 5 days but both have dropped recently. The next momentum can be expected according to the change in trading volume.
Technical Analysis of BLUR Price Over Daily Timeframe
The Blur crypto price has witnessed an uptrend and rising through a string trendline. It has risen to the $0.800 mark and recorded a multi-day high, introducing buyers’ presence.
According to the chart, the BLUR price tried three times to sustain the $0.800 mark but failed to sustain and dropped by 15% in just 2 weeks. The price is struggling between the $0.800 mark and the trendline.
Suppose the BLUR crypto price slips below the trendline and sustains, sellers may initiate the selling position after the breakdown and will drag down the price to the support level of $0.400. If it fails to defend this mark, a bearish trend for the next few months can be expected.
Alternatively, if the BLUR crypto price surpasses the 20-day exponential moving average and sustains the resistance level of $0.800, it may accumulate the buyers. If the price gives a breakout from this level, it may be a genuine breakout and a bullish trend can be initiated.
Blur Price Prediction Over 4-H Timeframe
In a 4-H time frame, the Blur price has faced resistance from a trendline, and sellers have dominated for the last few days. The price has given a breakout from the trendline and is treading over the trendline.
The last 2 candlesticks have performed positively and surpassed the significant moving average. If the buyers lift the price to the $0.750 mark, it may soon approach the $0.850 level.
Conclusion
The BLUR crypto price has been bullish, recorded a multi-day high, and declined a little bit. Investors may be eyeing an all-time high if the price surpasses the recent high and sustains. According to the technical chart, the BLUR price continuously defends the 100-day moving average, indicating the buyers’ strength. According to the analysts, selling signals can be generated below the 200-day exponential moving average.
Technical Levels
Resistance: $0.750 & $0.800
Support: $0.600 & $430
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.