Blur

Millions

Strong

<img width="1200" height="681" src="https://coingape.com/wp-content/uploads/2023/11/AoFHKIeY-e1700840352467.png" class="attachment-full size-full wp-post-image" alt="BLUR price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Blur Price Prediction: Amid the current uncertainty in the crypto market, the BLUR token has emerged as a beacon of growth, escalating remarkably from the psychological of $0.3 to the current trading price of $0.627. This represents an impressive 115% surge which led to a breakout from the neckline resistance of an inverted head-and-shoulder pattern, a classic bullish signal often indicative of a market bottom. This pattern’s resolution suggests a robust readiness among buyers for an extended recovery phase. 
The momentum for the BLUR price appreciation was likely <a href="https://coingape.com/binance-to-list-blur-token-as-blur-price-surges-30/">fueled by Binance’s announcement to list the token</a>. This cryptocurrency exchange is set to enable trading for BLUR in pairs like BLUR/UTC, BLUR/USDT, and BLUR/TRY starting November 24th at 09:00 UTC. 
Also Read: <a href="https://coingape.com/25-whales-purchased-millions-of-blur-tokens-price-jumps-90-in-week/">25 Whales Purchased Millions Of BLUR Tokens, Price Jumps 90% In Week</a> 
<h2 id="b-blur-price-prediction-bullish-pattern-sets-higher-recovery-b">Blur Price Prediction: Bullish Pattern Sets Higher Recovery</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">An ascending triangle pattern is considered bullish as reaching a higher low indicates the growth in underlying bullishness</li> 
 <li style="font-weight: 400;" aria-level="1">Blur holders can maintain a bullish sentiment the support trendline is intact</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in Blur is $929 Million, indicating a 2.3% gain.</li> 
</ul> 
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/a/AoFHKIeY.png" alt="BLUR Price Prediction" width="1946" height="1104">Source- Tradingview 
The Blur token trajectory over the past five months reveals a predominantly lateral movement, with its value capped below the $4.5 level. However, a closer examination of the daily time frame chart uncovers the formation of the aforementioned inverted head-and-shoulder pattern. 
<blockquote>
 &nbsp;This pattern, coupled with the broader market recovery, propelled the BLUR price from a modest $0.15 in mid-October to an impressive peak of $0.627, marking a 316% growth. The recent bullish breakout from the pattern’s resistant neckline provides an early indication of a potential trend reversal.&nbsp;
</blockquote> 
If the buying momentum sustains, we can anticipate the BLUR token price to ascend by an additional 28%, targeting the $0.8 mark. A decisive breach above the $0.08-$0.082 resistance zone is crucial for the price to surpass the $1 threshold 
<h2 id="strong-fibonacci-retracement-tool-offers-strong-strong">Fibonacci Retracement Tool Offers Strong</h2> 
During its rally, BLUR has undergone several corrective phases, which have played a pivotal role in bolstering its bullish momentum. Notably, these corrections have typically reverted to either the 32.8% or 50% <a href="https://coingape.com/glossary/fibonacci-retracement/">Fibonacci retracement levels</a>, before rebounding with greater vigor. Therefore, in the event of a future retracement, these Fibonacci levels(especially 50% FIB) could serve as strategic points for investors to set their stop-loss orders, acting as a safety net. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Average Directional Index: The ADX slope currently stands at 34%, suggesting that buyer exhaustion may be imminent, potentially leading to a corrective phase</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> is poised to provide strong support in the event of a pullback, reinforcing the token’s underlying bullish sentiment.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/blur-price-prediction-as-buyers-escape-5-month-accumulation/">BLUR Price Prediction as Buyers Escape 5-Month Accumulation; Is $1 Next Target?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

BLUR Price Prediction as Buyers Escape 5-Month Accumulation; Is $1 Next Target?

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