BLUR Price Jumps Big! Blur Token To Record Another 10% Gain Soon?

The post BLUR Price Jumps Big! Blur Token To Record Another 10% Gain Soon? appeared first on Coinpedia Fintech News

The Blur token price has displayed a significant jump in its valuation by adding over 24% to its portfolio within the past 24 hours, making it one of the top gainers of the day in the crypto industry.

The BLUR token price traded in a closed range between $0.4316 and $0.4674 for a while, following which the price lost momentum and experienced a breakdown.

TradingView: BLUR/USDT

However, the bulls quickly regained power and jumped approximately 43%, after which the price faced rejection at $0.5550. The Blur price then traded in a closed range between $0.5085 and $0.5550 for about a week, following which the bulls lost momentum and the price experienced a breakdown.

The Blur token experienced a correction of approximately 8%. As the market gained momentum, the price regained value and jumped over 10%. After this, the price traded sideways for a short period, following which the bears overpowered the bulls and recorded a correction of 24% in its valuation.

After testing the crucial support level of $0.3883, the price has been constantly trading under a bullish influence and has displayed a jump of over 25%.

Will BLUR Price Regain Value?

The technical indicator, RSI, breached out of the overbought range today, indicating an increase in the buying pressure. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming days.

If the bulls push the price above the resistance level of $0.5878, the BLUR price will regain momentum and test its upper resistance level of $0.6199 soon. Maintaining the price at that level will set the stage for the Blur token to attempt to test its resistance level of $0.650 in the coming time.

Negatively, if the bears overpowered the bulls, the Blur price would lose momentum and fall to test its support level of $0.5550. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.5085 over the coming week.