thecoinrepublic.com
- 1 The price of Blur (BLUR) is trading at the price of $0.331461. However, the crypto’s price declined by -0.17% in the last 24 hours (press time).
- 2 BLUR price observed an increase of 2.31% in the last 7 days.
- 3 The market capitalization of Blur is $257,121,628.
Blur is a governance token for an NFT platform and aggregator on Ethereum. Blur says it gives users advanced functions like live price updates, portfolio management, and NFT comparisons across different marketplaces. It also helps creatives by rewarding users who pay royalties to NFT makers.
The coin has a max supply of 3,000,000,000 BLUR and a circulating supply of 771,781,326 BLUR. Its market cap is $267,179,925. It reached an all-time high of $5.02 and a low of $0.2955. On July 19, 2023, it closed at $0.3492, rising 1.46% from the day before.
Users can trade and access NFTs from various protocols and platforms through one interface with BLUR. They can also easily create and manage their own NFT portfolios and collections. BLUR gives users a say in the platform’s governance, letting them vote on changes and proposals. Users who pay royalties to NFT makers get extra BLUR tokens as rewards. The token distribution model of BLUR is fair and transparent, with airdrops for liquidity providers and active users.
Blur Price Technical Analysis
EMA: Blur price has been below 50 and 100 MAs which shows the influence of sellers in the market. If sellers continue to drag the market down, BLUR could suffer more falls and go into a downtrend.
The RSI line is roaming around the median line. The RSI line is at 44.88. The 14 SMA has a value of 44.02 points. However, BLUR’s price could rise significantly if it breaks out of this channel pattern.
Currently, MACD is showing neutral signs. The MACD line at -0.0090 and signal line at -0.0119 are above the zero line, meaning that the MACD is in negative territory and is giving neutral signs.
Volume Analysis:
Blur trading volume for the last 24 hours is $26,914,053, with a 37.00% rise. Moreover, the volume has been dropping for a prolonged time.
Conclusion
Blur crypto (BLUR) faces a downward pattern with two barriers: a 50-day EMA and a trendline. The price movement indicates that the investors must wait for a clear setup for the next direction. BLUR’s price is in a neutral zone right now. Also, indicators like the MACD, RSI, and EMA show neutral signs for Blur Crypto. The current situation requires traders and investors to be cautious and watch for a definite break above or below the range before taking any actions in the future.
Technical Levels:
- Support – The current support level is $0.3100.
- Resistance –The current resistance level is $0.4000.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in crypto is a risky task. Please consider your circumstances and risk profile before making any investment decisions.