Attention crypto traders! #BLURUSDT is currently navigating through a challenging phase in the 4-hour time frame, exhibiting a clear trend within a parallel channel.

Key Observations:

  • Parallel Channel: BLUR is trading in a tight parallel channel, a common pattern indicating a possible continuation of the current trend.

  • Price Decline: Alongside the broader crypto market downturn, BLUR's price is also on a decline, breaking through critical support levels.

  • Support Breach: The previously established support zone between $0.53 and $0.54 has been compromised, raising concerns about further declines.

  • Potential Drop: Given the current trajectory and market sentiment, BLUR's price could potentially fall to the bottom of the bearish channel, targeting around $0.45 in the near term.

$BLUR $BTC #Binance #USDT #SEC