š$BLZ / USDT Market Update
Current Price: $0.0569
Change: +7.97% š
24H High: $0.0634
24H Low: $0.0515
$BLZ has surged nearly 8% in the last 24 hours, signaling a potential reversal after a recent downtrend.
Key Chart Observations (15-Minute Timeframe):
Moving Averages (MAs):7-MA (yellow): $0.0549 ā now trending upward, indicating short-term bullish momentum.25-MA (pink): $0.0562 ā acting as intermediate resistance.99-MA (purple): $0.0586 ā serves as a key resistance level to watch.Support Levels:$0.0551 ā immediate support.$0.0515 ā the recent low, critical for maintaining bullish sentiment.Resistance Levels:$0.0575 ā minor resistance before retesting the 99-MA at $0.0586.$0.0634 ā the current 24-hour high, a breakout above this could spark further gains.
Volume Analysis:
BLZ Volume: 127.95MUSDT Volume: 7.26M
The high trading volume suggests strong interest in BLZ, likely fueled by bullish sentiment or positive developments.
š” Trading Strategy:
A close above the 25-MA at $0.0562 could pave the way to test $0.0586 and eventually $0.0634.Watch for potential retracements to $0.0551 as an opportunity for re-entry.
BLZ appears to be gaining momentum. Will it sustain its bullish breakout or face resistance near $0.0586? Share your insights and predictions below!