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Blur (BLURUSD) Sellers Are Holding Back

Johnathon Fox
04/11/2024 | UPDATED ON: 04/11/2024

Blur (BLURUSD) Price Forecast: April 11
Amidst the recent upsurge in the crypto market, the BLURUSD sellers are holding back due to persistent pressure from the bulls. The price is going upward at the moment and might continue with the high hike above the current resistance level at $0.579 if buyers exert more force into the price action in the market. The $0.682 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.

Key Levels:
Resistance Levels: $0.450, $0.500, $0.5500
Support Levels: $0.250, $0.200, $0.150

BLUR (USD) Long-term Trend: Bullish (4H Chart)
The Blur sellers are holding back as prices are going up steadily on the long-term outlook. The price bars can be seen trending upwards above the EMA-50. The bulls could not stop investing in the coin, so the general sentiment regarding the coin is bullish.
Blur (BLURUSD) Sellers Are Holding Back
The bulls’ pressure on the cryptocurrency to the $0.560 resistance level in the previous action is the reason why sellers have been held back on the crypto in recent times.

At the time of writing, after completing the dip-lows by sellers, an additional effort was added by the bulls and the price jumped up to a $0.579 high mark above the EMA-50 as the 4-hourly chart opens today.

This suggests an uptrend as well as an indication that the sellers are holding back for the coin to grow further as the bulls are responding greatly to the price actions in the market.

Therefore, if the buy traders successfully keep the BLURUSD prices above the $0.613 high value, a retest of the previous high at the $0.682 level is possible soon.

Adding to this, the BLURUSD pair may continue to rise as the coin sellers keep holding back on the crypto as indicated by the daily signal pointing upward. As a result, the next bulls’ target could be the $0.700 upper high mark soon in its higher time forecast.

BLUR (USD) Medium-term Trend: Bullish (1H Chart)
The Blur market also indicates that sellers are holding back on the coin as it trades in a bullish trend market in the medium-term outlook. This is due to the high impact of the long-term traders on the price flow.
Blur (BLURUSD) Sellers Are Holding Back
The sustained bullish pressure to the $0.563 high level in the previous action has led to the coin’s recent high.

Today, an impulse move by the bulls to a $0.579 high level above the moving average line as the 1-hourly chart opens suggests that buyers are holding back on the crypto.

Trading above the moving averages will enable the market value of BLURUSD to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $0.586 resistance level might be reached soon.

In addition to that, the daily stochastic indicates an uptrend, if the bulls should add more aggression to their activities in the market; the next upward rally might reach the $0.700 upper resistance level soon as sellers keep on holding back on the crypto in its medium-term perspective.

Buy Blur on Longhornfx

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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