Blur

Million

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>Blur price dragged to the 52 week low mark of $0.4000, displaying a selloff.</a></li>
 <li><span>2</span> <a>Technical indicators suggest a pullback lay ahead.</a></li>
</ul>
<p>The Blur token has retested its crucial demand zone trajectory of $0.4000 and is anticipating a rebound for the short term. Moreover, the token has settled the selloff and witnessed a rebound over 6% in the intraday session. This pullback is an early indication that the token has bottomed out and is ready for a sharp recovery in the upcoming sessions.</p>
<p>At press time, the Blur token (BLUR) price traded at $0.4035 with an intraday gain of 5.46%, reflecting neutrality on the charts. It has a monthly return ratio of -24.77% and -0.71% on a yearly basis. The pair of BLUR/BTC is at 0.00000622 BTC, and the market cap is $620.19 Million. Analysts are neutral and suggest that the Blur token may regain momentum and will retain the upside of $0.4500 soon.</p>
<h2 class="wp-block-heading" id="strong-blur-price-volume-profile-on-daily-charts-strong"><strong>Blur Price Volume Profile On Daily Charts</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (BLUR), Volume (BLUR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=blur-token&amp;pt=BLUR&amp;df=2023-10-19T18%3A29%3A59.405Z&amp;dt=2024-04-19T18%3A29%3A59.405Z&amp;sat=shchcfg_MteRwvsotkSA&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The daily charts of Blur token showcases a follow-on decline over the past few trading sessions, and sellers have dominated the battle. Moreover, the <a href="https://www.thecoinrepublic.com/2024/04/17/bitcoin-price-prediction-will-the-escalating-tension-in-the-middle-east-undermine-halving/" target="_blank" rel="noopener noreferrer nofollow">price</a> action replicates a notable selloff over 45% in the last month. The intraday trading volume dropped over 4.35% to $54.56 Million.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (BLUR), Weighted sentiment (Total) (BLUR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=blur-token&amp;pt=BLUR&amp;df=2023-10-19T18%3A29%3A59.405Z&amp;dt=2024-04-19T18%3A29%3A59.405Z&amp;sat=shchcfg_MteRwvsotkSA&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Following the price rebound in the intraday session, the token displayed a spike over 15.44% in the price volatility curve and reached 0.023%. Similarly, the weighted sentiment data witnessed an intense bounce over 54.89% and reached the positive trajectory near 0.723.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-social-dominance-x-followers-overview-strong"><strong>Social Dominance &amp; “X” Followers Overview</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (BLUR), Twitter Followers 7d (BLUR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=blur-token&amp;pt=BLUR&amp;df=2023-10-19T18%3A29%3A59.405Z&amp;dt=2024-04-19T18%3A29%3A59.405Z&amp;sat=shchcfg_MteRwvsotkSA&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Social dominance data noted a drop and rolled over 3.40% to 0.003%, noting a decrease in the discussion reports. Similarly, the X followers’ data replicated a decline and dropped over 63.20% to -805.</p>
<h4 class="wp-block-heading"><strong>Total Open Interest and Holders Data Insights</strong></h4> <iframe loading="lazy" title="Santiment Chart: Total Open Interest in USD (BLUR), Total Amount Of Holders (BLUR)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=blur-token&amp;pt=BLUR&amp;df=2023-10-19T18%3A29%3A59.405Z&amp;dt=2024-04-19T18%3A29%3A59.405Z&amp;sat=shchcfg_MteRwvsotkSA&amp;emcg=1&amp;emhwm=1&amp;wm=total_open_interest%3Bholders_distribution_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The derivative data signifies long buildup activity and is reflecting a pullback in the intraday session; the open interest surged over by 2.79% to $105.03 Million in the last 24 hrs. Similarly, the total amount of holders data noted a consistent up move and reached 55.1k witnessing a positive outlook.</p>
<p>Per the Fib levels, the Blur price has retested the 23.6% zone and is trading in the bearish trajectory. Similarly, the RSI curve stays in the oversold region, and a convergence of the RSI line with the signal line was noted on the charts.&nbsp;</p>
<p>The total supply of the Blur token is 3 Billion, whereas the volume-to-market cap ratio is 0.0885, and it is ranked 122 in terms of market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The Blur token price has retested the 52 week low mark of $0.4000 and has taken support on it. Moreover, the bulls have gained momentum and are willing for a recovery ahead. The price action shows that the token has witnessed consolidation throughout the week and has indulged in base formation.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $0.3930 and $0.3800</p>
<p><strong>Resistance Levels:</strong> $0.4150 and $0.4300</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.</p>

Blur Price Hovers Near 52 Week Low: Can Bulls Attain A Pullback?

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Thecoinrepublic.com

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