Here is a technical analysis report based on the $BLUR /USDT chart you provided:
Currently, $BLUR /USDT is trading at $0.2050, showing a solid 12.64% increase over the last 24 hours. The price recently reached a high of $0.2119 and has bounced from a low of $0.1655. The sharp upward move suggests a bullish sentiment, with the price stabilizing near $0.2050 after the breakout. Buyers seem to be in control, maintaining the price above the key support of $0.1972.
If the bullish momentum continues, the next significant resistance would be the recent high of $0.2119. A break above this level could trigger further buying interest, pushing the price toward $0.2143 and beyond. On the downside, if the price fails to hold above $0.1972, the bears might attempt to retest the lower support near $0.1802. Traders should watch these levels closely for possible trade setups.
Overall, the recent surge points toward continued bullish action, but with the price consolidating, there might be a brief pause before any significant move. It's important to monitor volume for confirmation of the next trend direction, whether it's another breakout or a retracement.
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