Blur (BLURUSD) Price Forecast: November 23
Amidst the recent crash in the crypto market, the BLURUSD pair still regains its upward stability and remains strong above the supply trend level. However, the crypto has a potential to rise further under the current trend. In case the bulls’ pressure breaks up the resistance level of $0.4712, the coin price may increase further to a $0.5000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.3500, $0.4000, $0.4500
Support Levels: $0.2500, $0.2000, $0.1500
BLUR (USD) Long-term Trend: Bullish (Daily Chart)
The bull’s pressure on the BLURUSD market has made it regain its upward stability and remains strong above the supply level in the higher time frames. We have also spotted a breakout and the start of a continuation to the upside.
The strong push by the bulls to the $0.3514 supply trend level in the past few days has contributed to its strong bullish trend in its recent high.
The bulls were able to push the Blur price up to a $0.3787 resistance level above the EMA-50 as the daily session began today, resulting in intraday gains for coin investors. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction and upward stability.
Adding to this, the BLURUSD pair however shows the continuation of bullish sentiment by pointing upward on the daily signal. As a result of this, the next bulls’ target could be the $0.5000 upper high mark as soon as the coin maintains its upward stability in its higher time forecast.
BLUR (USD) Medium-term Trend: Bullish (4H Chart)
The price of BLURUSD can also be seen displaying its upward stability above the EMA-50 approaching the overhead resistance on the medium-term outlook. This shows that buyers are currently gaining more strength in the market.
The strong push by the bulls to the $0.3404 supply trend level during the past session has contributed to its upward stability in its recent high.
An additional buying pressure pushed the price of Blur above the critical level from the $0.3620 value to the $0.3699 resistance level above the EMA-50. This will however give the buy traders the tendency to further ladder up the trend. To push the price further up, more buyers’ participation is a prerequisite.
Nevertheless, there is a chance that the price of BLURUSD will rise even more if the buy traders increase their price actions and all the current support level holds, a psychological key level at the $0.5000 upper supply level might be reached in a few days as it regains and maintains is upward stability in its medium-term time frame.
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