- BLUR is currently trading at $0.3532 with a rise of -17.76% in 24 hours.
- BLUR’s live market cap is $257.12 million.
- BLUR’s 24-hour volume is $1,857,658.64 which rose by 6.72% in 24 hours.
BLUR is the native governance token of Blur, an Ethereum-based NFT marketplace and aggregator. It intends to deliver advanced features such as real-time price feeds, portfolio management tools, and the ability to compare NFTs across different marketplaces to users. These features have piqued the curiosity of expert NFT traders looking to improve their trading ability.
To ensure secrecy, Blur’s founders and developers use pseudonyms, with the founder being known as Pacman. The Blur cryptocurrency ticker is BLUR, and its current price is constantly updated and viewable in real-time on the Binance platform.
Trend Analysis
As of now, the current price of Blur (BLUR) is $0.353271, with a 24-hour trading volume of $1,857,658.6. The price has dropped by -17.76% in the last 24 hours, and it has dropped by -2.79% in the previous 7 days. These numbers indicate that Blur’s overall momentum is weak, indicating a negative trend and the possibility of greater price drops in the future. Based on recent price movements, it is clear that BLUR is currently in a decline.
BLUR Price Analysis
EMA:On a daily basis, BLUR’s price is currently trading below both the 20-day and 50-day Exponential Moving Averages (EMA). As the price is in a downturn, this suggests a bearish signal.
MACD: BLUR’s MACD line (-0.0238) is currently above the signal line (-0.0245) in the daily timeframe, signifying a bearish signal. This means that the price of BLUR may continue to rise in the foreseeable future. Traders and investors may perceive this as bullish momentum for the price of BLUR.
RSI: The Relative Strength Index (RSI) for BLUR is currently at 43.66, while the 14-day Simple Moving Average (SMA) line is around 40.28, slightly below the median line. These readings indicate that BLUR is experiencing positive market momentum.
Volume Analysis: BLUR has seen a trading volume of $1,857,658.64 in the last 24 hours, representing a 6.72% gain. This increase in trade volume indicates an increase in market activity around BLUR. It also implies that the price has the ability to recover and move positively in the future.
Technical Levels:
- Support – The current support level of BLUR is $0.4084.
- Resistance -The current resistance level of the BLUR is $0.2792.
Conclusion
In conclusion, when analysing the daily period, the technical indicators for BLUR point to a bearish future picture. The RSI and MACD both show negative signs. Furthermore, the price of BLUR is currently trading below the Exponential Moving Average (EMA), which is regarded as a negative indicator. As a result, this shows that there is a chance that the price of BLUR may continue to fall in the near future, leading to a new all-time low.
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
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