BLUR’s price has dropped by 98% since it launched on 14 February. Blur continues to see increased user activity. Blur’s governance token BLUR has suffered a massive 98% drop in its value within just 20 days of its launch, according to CoinMarketCap data. Following a few months of anticipation, the zero-fee non-fungible token (NFT) marketplace […]
As community members began claiming their airdropped tokens and trading the same, BLUR’s price shot up to almost $50 on the same day.
Analysis of key momentum indicators has shown no signs of accumulation activity since 14 February, indicating that many of the airdropped users were only interested in profiting from the tokens and selling them off. The positive directional indicator , at 17.85, was positioned below the negative directional indicator at 17.92. A further decline in buying momentum is expected to push the negative directional indicator upward, solidifying the sellers’ hold on the market.
It is trite that when the Aroon Up line is close to zero, the uptrend is weak, and the most recent high was reached a long time ago.Blur’s grip on the market remains unrivaled, while OpenSea falters
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