The price of Bluzelle (BLZ) is approximately $0.146, with a 24-hour trading volume of about $8.13 million and a market capitalization of around $66.09 million.

Recent market dynamics:

Price trend: In the past 24 hours, the price of BLZ has dropped by about 7.97%, indicating market volatility.

Technical indicators: According to Binance's technical analysis, the relative strength index (RSI) for BLZ is 38.92, nearing the oversold area (30), suggesting a weakening bullish momentum and increased selling pressure.

Position recommendations:

Support level: The current support level is around the $0.14 to $0.145 range.

Resistance level: In the short term, the resistance level is between $0.155 and $0.16.

Trading strategy:

Short-term trading: Consider buying on dips near the support level, with a target price at the resistance level, and a stop-loss set below the support level.

Medium to long-term holding: For investors optimistic about Bluzelle in the long run, consider gradually building a position during pullbacks and holding until a higher price point.