Today I bought back the previously sold BLUR tokens. It sounds crazy to buy a coin that has already given 4.5x from the bottom. At least I thought so before, so I skipped all the X’s on SOL etc.
1. Trading volumes
The first thing that caught my eye was the trading volume. The price rises - volumes increase, falls - they decrease. Bullish.
2. Correction
BLUR went into a correction of 30% from its local maximum. In a bull market, this is a good entry point into a position.
3. Is there room to grow?
Looking at the team, goals and capitalization of the project, BLUR is still objectively undervalued.
4. Hype around Blast and BLUR.
Many people are now talking about Blast (L2), whales are actively buying and locking BLUR to get an airdrop of Blast. This creates a demand for BLUR tokens and, accordingly, pushes the price up.
5. Unlocks between the team and investors
The token has many unlocks ahead and it is in their interest to raise the price even higher before selling.
1. Trading volumes
The first thing that caught my eye was the trading volume. The price rises - volumes increase, falls - they decrease. Bullish.
2. Correction
BLUR went into a correction of 30% from its local maximum. In a bull market, this is a good entry point into a position.
3. Is there room to grow?
Looking at the team, goals and capitalization of the project, BLUR is still objectively undervalued.
4. Hype around Blast and BLUR.
Many people are now talking about Blast (L2), whales are actively buying and locking BLUR to get an airdrop of Blast. This creates a demand for BLUR tokens and, accordingly, pushes the price up.
5. Unlocks between the team and investors
The token has many unlocks ahead and it is in their interest to raise the price even higher before selling.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.