BLUR Indicators Point to Protracted Bull Run as Bears Lose Hold

Bulls have taken control of the Blur (BLUR) market in the past 24 hours after successfully neutralizing the bear hand that had lowered the price to an intraday low of $0.7358. The price rose to a 24-hour high of $1.19 due to the bullish comeback before succumbing to resistance. Despite experiencing opposition, the BLUR price had increased by 40.42% to $1.08 at press time.

As a consequence of the bullish domination, traders leaped the market, creating a surge in both market capitalization and 24-hour trading volume by 40.04% to $386,838,170 and 24.95% to $953,401,984, respectively. The BLUR token’s ascent is attributable to the idea that it would shortly enjoy significant price growth due to increasing liquidity.

BLUR/USD 24-hour price chart (source: CoinMarketCap)

With the Kelter Channel bands ascending on the 1-hour price chart, the BLUR bullish momentum is signaling strong upwards momentum in the market, indicating that this may be a reasonable chance for traders to join the market with a long position. With such a strong indicator of prospective earnings, traders could seize this chance since the market may move fast, enabling them to capitalize on the forecasted success.

The MACD advancement over the signal line with a value of 0.0981 confirms this move, indicating that the rising momentum is gaining strength and may continue to do so for the foreseeable future. In addition, the MACD histogram, with a level of 0.0053, also indicates a rise in positive momentum. Consequently, traders may be wise to capitalize on this chance by entering the market with a long position.

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