Technical Analysis: $BLUR
/USDT
đ Current Market Overview:
BLUR is experiencing significant bullish momentum, currently trading around $0.2910, up 18.13% in the last 24 hours. The price action suggests strong buying interest, as the coin has rebounded from its 24-hour low of $0.2373.
đŻ Price Targets:
1. Target 1: $0.30
The psychological level of $0.30 could act as an initial resistance. A break above this level may trigger further buying, potentially leading to higher targets.
2. Target 2: $0.32
If the momentum continues, the next resistance level is at $0.32. This level aligns with previous highs and could attract more traders looking for profit-taking opportunities.
3. Target 3: $0.35
In the event of sustained bullish pressure, the $0.35 target presents itself as a longer-term objective. This level could serve as a significant point of resistance, where profit-taking might intensify.
đ Key Indicators:
24h High: $0.2847
Volume: 81.13M BLUR traded in the last 24 hours
Support Level: Watch for support around $0.2384 based on the SAR indicator.
Conclusion:
BLUR's current trajectory suggests a positive outlook, but traders should remain cautious and consider market volatility. Keep an eye on the mentioned targets and adjust your strategies accordingly.
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