Token

Blur

The post <a href="https://coinpedia.org/price-analysis/blur-price-jumps-big-blur-token-to-record-another-10-gain-soon/" rel="noopener noreferrer nofollow">BLUR Price Jumps Big! Blur Token To Record Another 10% Gain Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Blur token price has displayed a significant jump in its valuation by adding over 24% to its portfolio within the past 24 hours, making it one of the top gainers of the day in the crypto industry.
The BLUR token price traded in a closed range between $0.4316 and $0.4674 for a while, following which the price lost momentum and experienced a breakdown.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/9pghzAibV5Yve1m1oXDrKdTC7bbPeF6ymvJfNblsGvoyMLQi_rxJpbTJboCKPKIVTAT2F-0pkpGN5RgU3KOr7qsyO2tx8mmAKy-xcRcjka2U9HGh26os5JsRmfj7WKkF4R95FhT_Mrv8p1JM6WpXdFE" alt="BLUR Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BLUR/USDT
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</figure>
However, the bulls quickly regained power and jumped approximately 43%, after which the price faced rejection at $0.5550. The Blur price then traded in a closed range between $0.5085 and $0.5550 for about a week, following which the bulls lost momentum and the price experienced a breakdown.
The Blur token experienced a correction of approximately 8%. As the market gained momentum, the price regained value and jumped over 10%. After this, the price traded sideways for a short period, following which the bears overpowered the bulls and recorded a correction of 24% in its valuation.
After testing the crucial support level of $0.3883, the price has been constantly trading under a bullish influence and has displayed a jump of over 25%.
<h2 class="wp-block-heading" id="h-will-blur-price-regain-value">Will BLUR Price Regain Value?</h2>
The technical indicator, RSI, breached out of the overbought range today, indicating an increase in the buying pressure. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming days.
If the bulls push the price above the resistance level of $0.5878, the BLUR price will regain momentum and test its upper resistance level of $0.6199 soon. Maintaining the price at that level will set the stage for the Blur token to attempt to test its resistance level of $0.650 in the coming time.
Negatively, if the bears overpowered the bulls, the Blur price would lose momentum and fall to test its support level of $0.5550. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.5085 over the coming week.

BLUR Price Jumps Big! Blur Token To Record Another 10% Gain Soon?

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