The Blur demonstrated a substantial advancement earlier on the chart as the BLUR crypto surged from $0.1500 to $0.7000 around November 2023. Thereafter, the price fell and formed a support at $0.3800.
However, the BLUR crypto has revealed a sign of a recovery as the price recovered some points from a critical level of around $0.3800 on the chart and retested the supply level which shows that it has stopped making lows and has been in an uptrend.
Could Blur Crypto Price Advance More?
Now, it seems like the Blur crypto is geared for a magnificent surge, as it harnesses buyers’ strength to pierce the supply level and mount to new heights from the current support level.
The RSI is increasing gradually, signifying that the Blur crypto asset is gaining traction as it bounced from the 14-SMA smoothened line. This shows that its price could reach new highs. Meanwhile, the RSI curve is at 56, and 14-SMA is at 51.
The BLUR asset is demonstrating bullishness and ascension tendency as it maintains above major trend 20 and 50-Day EMAs, the price could show a majestic surge in the upcoming sessions.
Furthermore, the BLUR crypto asset is indicating bullish potential as MACD is anticipating a bullish cross with increasing histogram width. Besides, the MACD is at 0.0079, the signal line is at 0.0107, and the histogram graph is increasing, heading for -0.0029.
Overall, it has attained good performance in the last week, month, and three months by 3.59%, 36.38%, and 57.44% respectively, signifying a strong effort by the buyers to take the price in the upward direction.
At the time of publishing, the Blur crypto experienced a surge of 2.36% in the last 24 hours, trading at $0.6376 as the price shows the formation of a bullish pattern known as an ascending triangle.
Therefore, if the demand for the Blur remains at its peak, the asset price could turn around from the current level. The next goal for the price is to reach $1.0.
However, if the crypto price fails to stay above the $0.3800 level, it could decline further and could drag the price to the demand zone as well.
Summary
The BLUR price suggests a bullish pattern known as the ascending triangle and a breakout is anticipated. Therefore, if the demand for the Blur remains at its peak, the asset price could turn around from the current level. The next goal for the price is to reach $1.0.
Technical Levels
Support Levels: $0.3800
Resistance Levels: $0.6376
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
Source: https://www.thecoinrepublic.com/2024/02/09/blur-crypto-can-blur-crypto-price-give-a-break-out-soon/