Blur (BLURUSD) Price Forecast: September 7
Amidst the recent volatility in the crypto market, the BLURUSD pair remains strong under bullish pressure while resisting sellers to sustain the recovery pattern. However, the crypto has a potential to rise further under the current trend. In case the bulls’ pressure breaks up the resistance level of $0.2980, the coin price may increase further to a $0.3200 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.2400, $0.2500, $0.2600
Support Levels: $0.1800, $0.1700, $0.1600
BLUR (USD) Long-term Trend: Bullish (4H Chart)
BLURUSD remains strong under the bullish pressure on 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 $0.1878 supply trend level during yesterday’s session has contributed to its strong bullish trend in its recent high.
Buyers’ increase to a $0.1990 supply value above the two EMAs shortly after the 4-hourly chart opens today indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the long traders could increase their tension in the market, the price tendency will move above the $0.2980 resistance level.
Next, the Blur price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and head toward the $0.3200 supply trend line soon in its higher time frame.
BLUR (USD) Short-term Trend: Bullish (1H Chart)
The BLURUSD price can be seen trading strong under bullish pressure above the supply trend levels in its short–term outlook.
Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present. Thus, the recent market structure has favored the bulls.
The buy investors actually made a jump to the $0.1878 supply value above the moving averages during the previous action and sustained it; this really enabled the crypto to remain strong above the trend line.
On the 1-hour chart today, there is a broader recovery in the prices. The cryptocurrency jumped up to a $0.1990 supply level above the moving averages as the bulls took to their stand in the market.
Thus, the price of BLURUSD could go higher than the current price, if the bulls can put more tension to the activities in the market.
Notably, there is likely to be a further breakout attempt soon as the price of BLURUSD now points upwards. Thus, the next bullish race may possibly reach the $0.3200 upper resistance trend line soon in its lower time frame.
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