#**BLZ/USDT Market Analysis (Last 4 Hours)**
Over the past four hours, the BLZ/USDT trading pair has exhibited notable activity, reflecting the fluctuating dynamics of the cryptocurrency market. Bluzelle (BLZ) began this period with a bullish momentum, rising from $0.12 to $0.125, marking an increase of approximately 4.2%. This initial upward movement was driven by positive market sentiment and increased trading volume, as investors showed renewed interest in Bluzelle's decentralized data storage solutions.
However, the price of BLZ encountered resistance at the $0.125 level. Subsequently, the cryptocurrency experienced a pullback, with its price dropping to around $0.122 as traders engaged in profit-taking and the market corrected after the initial surge. This retracement was accompanied by a slight decrease in trading volume, suggesting a temporary pause in buying activity.
Throughout this timeframe, BLZ/USDT maintained a relatively tight trading range, with support identified around $0.12 and resistance at $0.125. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggested a neutral to slightly bullish sentiment. The RSI hovered around 52, indicating balanced buying and selling pressures.#BLZ #BLZ.
Looking ahead, traders should monitor the critical support and resistance levels at $0.12 and $0.125. Breaking through these levels could signal the next directional move for BL
