$BLUR continues to fall, approaching the 0.2 price level.
For short-term operations, you can take the opportunity to enter.
According to the $BLUR/USDT chart provided by Binance, the following is a technical analysis report:
Price dynamics: The current price of BLUR/USDT is $0.2174, a sharp drop of 14.61% in the past 24 hours.
Trading volume analysis: BLUR's 24-hour trading volume is 104.69 million, showing a large market trading activity.
Support level: The low of $0.2156 in the past 24 hours has become a key support level and deserves close attention.
Resistance level: The 24-hour high of $0.2557 is the current resistance level. Only by breaking through this price level can the market turn bullish.
Moving average: The current price is below the 7-day, 25-day and 99-day moving averages, suggesting that the market is in a bear market trend.
Trend analysis: The downward trend line clearly shows the pessimism of the market, and the price continues to hit new lows.
Sentiment: The market is generally bearish with heavy selling pressure.
Relative Strength Index (RSI): Although the RSI value is not clearly given, the indicator may be close to the oversold region based on the sharp drop in prices.
Short-term outlook: Short-term traders should remain vigilant. If the $0.2156 support level is broken, the decline may continue.
Long-term considerations: Investors should pay attention to fundamental news and overall market trends before making long-term decisions, looking for potential recovery signals.
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