Overall Trend:
BLUR/USDT is showing signs of recovery after a prolonged downtrend, currently consolidating with upward momentum.
Support and Resistance Levels:
Immediate Support: Around $0.30
Immediate Resistance: Around $0.40
A breakout above or below these levels could indicate the next directional move.
Technical Indicators:
Moving Average (MA 200): The price is above the 200-hour moving average, suggesting a bullish trend.
Relative Strength Index (RSI): At 50.17, the RSI is neutral, indicating neither overbought nor oversold conditions.
MACD: The MACD line is slightly above the signal line, indicating weak bullish momentum.
Cluster and Zone Analysis:
Significant price activity is observed near $0.35–$0.40, representing short-term resistance.
Lower accumulation zones are around $0.30, showing buying interest.
BLUR/USDT is in a consolidation phase with a potential bullish bias due to its position above the moving average. Traders should watch for a breakout or breakdown from the $0.30–$0.40 range for confirmation of the next trend. Maintaining a cautious approach with appropriate stop-loss levels is recommended in this range-bound market
