Blur cryptocurrency price is currently below the key moving averages, indicating a bearish trend on the daily technical chart. It is trading at $0.3985, down by 1.17, with a 24-hour trading volume of 51.68 Million and a market cap of 614.61.

The crypto has had a negative performance this year but recently showed signs of reversal with a base forming near $0.3588. Despite this, it remains below key moving averages, which suggests a bearish outlook.

According to TradingView, out of 26 indicators, 14 are on the sell side, 10 are neutral, and 2 indicate a buy signal, with the overall weightage favoring sell signals.

BLUR Crypto Technical Analysis

Short Timeframe Performance

On the 4-hour chart, Blur is trading between $0.4469 and $0.3588. Buyers are defending the support levels, preventing further decline. The RSI is neutral near 48, indicating balance between buyers and sellers. The MACD shows bearish momentum with red bars on the histogram, but not yet in the oversold zone.

Conclusion

Blur crypto's price is at $0.3985 with a decline of 1.17 and 24-hour trading volume of 51.68 Million. It is below key moving averages, hinting at bearishness. Signs of reversal are seen near $0.3588, but indicators lean towards sell signals, especially with MACD and RSI showing bearish tendencies.

Technical Levels

• Support Levels: $0.3588
• Resistance Levels: $0.3588

Disclaimer

This article is for informational purposes only and does not offer financial advice. The author and individuals mentioned are not liable for any financial losses resulting from investments. Conduct your own research before making financial decisions.