BLUR Price Prediction: Is BLUR Ready for Pullback Above $0.6100?

• 1 The BLUR token shows neutrality and forms a symmetrical triangle pattern.
• 2 BLUR crypto’s price reflects low investor interest and is hovering near the 20-day EMA.

The BLUR price signifies neutrality and is consolidating near the 20-day EMA mark, revealing the retracement in the last sessions. Despite the correction across the crypto market, the token has sustained gains in the bullish region. Furthermore, the trend is neutral and a rebound is anticipated above $0.6150 in the following sessions.

BLUR is trading close to the 20-day EMA mark and showing range-bound moves. Moreover, the token forms a symmetrical triangle pattern, revealing consolidation on the charts. The token price signifies higher highs and higher lows for the past sessions. The trend is neutral, and the token may retain the bullish move above the swing bar of $0.6200. BLUR crypto’s price decisively held the gains in the volatile market, signifying a positive outlook for the upcoming sessions.

The price of the cryptocurrency was $0.6087 at press time with an intraday gain of 2.67%, showing a pullback. Moreover, the trading volume increased by 12.30% to $105.78 Million, highlighting low investor interest. The pair of BLUR/BTC was noted at 0.0000141 BTC, and the market cap is $765.95 Million. Analysts are bullish and suggest that the BLUR price will attain a rebound and may climb above $0.6400 soon.

The BLUR Token Price on Daily Charts Displays Neutrality

Source: BLUR Price Chart By TradingView

On the daily charts, the BLUR token’s price signifies range-bound moves and is trading near the support zone of $0.6000, from where a rebound was glimpsed in the last session. The price action reveals an uncertain move, and there is no clear guidance regarding the ongoing move. If the token escapes $0.6200, the up move will start again. The token may retest the 50-day EMA mark if it slips below $0.6000.

The RSI curve stayed close to the midline signifying neutral indications on the charts. Similarly, the MACD indicator shows a convergence of the MA line with the signal line revealing consolidation on the charts.

The BLUR Crypto Price on Hourly Charts Exhibits Consolidation

Source: BLUR Price Chart By TradingView

On the hourly charts, the BLUR token price displays range-bound moves below the key moving averages. It is exhibiting indecisiveness between the bulls and bears. Furthermore, the trend is neutral and buyers are attempting a pullback to retain the swing of $0.6200 to regain bullishness. Per the Fib levels, the BLUR price has sustained gains above the 38.2% zone and is trying to escape the 50% level above $0.6300.

Summary

The BLUR token forms a symmetrical triangle pattern and is hovering close to the 20-day EMA mark, revealing low investor interest in the recent sessions. The trend is intact. The buyers may attain pullback and lift the token price above the prompt hurdle of $0.6200 to retain bullishness.

Technical Levels

Support Levels: $0.6000 and $0.5800

Resistance Levels: $0.6200 and $0.6500

Disclaimer

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. Investing in or trading crypto or stocks comes with a risk of financial loss.

Amanda Shinoy

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.

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