Altcoin Update: BLUR Analysis BLUR plunged 15.1% yesterday | MYC Signals

Altcoin Update: BLUR Analysis

BLUR plunged 15.1% yesterday but bounced off the 50-day MA support. It has since recovered some 3%, even though Blur NFT marketplace launched Blend yesterday. It’s a peer-to-peer perpetual lending protocol that supports NFT collateral and is designed to increase liquidity for NFT holders.

But given the recent slump in the NFT space, this might take some time to play out. So, for now, we’re bullish above 0.65 with our target at 0.74. On the downside, with the 50-day MA as our support over the past 10 days, a significant breach below could push BLUR to 0.5.

Here are our short-term key levels

R1 0.65
R2 0.7
R3 0.74

S1 0.6
S2 0.55
S3 0.51

https://www.tradingview.com/x/dGrcM9vE/