Blur, the decentralized NFT marketplace, saw essential market negate following its monthly token liberate. This month, 34.41 million BLUR tokens, price about $11.06 million, grasp been unlocked and transferred to Coinbase Prime.
Since the unlocking cycle started on June 15, 2023, roughly 31.6% of the total BLUR offer (949 million tokens) has entered Coinbase Prime. This equals $323.1 million on the contemporary switch ticket. This continuous token unlocking influences BLUR’s market habits, which reveals a downward pattern.
一月一解锁的 Blur 在 20 分钟前将本月解锁的 3441 万枚 $BLUR ($11.06M) 转进 Coinbase Prime。
BLUR 自 2023/6/15 进入解锁周期以来，已有 31.6% (9.49 亿) 总量的 BLUR 解锁并流入 Coinbase Prime。
以转出时的价格计算，价值 $323.1M。https://t.co/uk941s3PCz本文由 #Bitget｜@Bitget_zh… pic.twitter.com/CeKHVLBKmv
— 余烬 (@EmberCN) December 18, 2024
Note Motion and Market Stress
The contemporary ticket of BLUR stands at $0.3172, marking a 10.18% decline over the previous 24 hours. This tumble shows the broader market sentiment, with the token facing constant downward stress. The market cap moreover fell to $659.33 million, a 10.09% decrease.
On the replacement hand, trading quantity rose by 14.32% to $130.86 million. This lengthen, mixed with the price decline, suggests elevated trading negate and intensifying selling stress.
Key Toughen and Resistance Stages
Blur’s contemporary ticket scuttle has been marked by a fight to support key reinforce ranges. The token’s contemporary excessive resistance level became $0.3532, which the price did not damage by. This resistance zone compelled the price downward, reinforcing the bearish sentiment.
Read moreover: BLUR Token Holders Issue Imperfect as Note Tanks Despite Ecosystem Enhance
On the replacement hand, the contemporary reinforce level is $0.32. The ticket examined this level a few times, suggesting it would possibly perhaps in point of fact support. If this level stays intact, a non permanent rebound is feasible.
On the replacement hand, if the price falls under $0.32, the next level to peep is $0.31. This would possibly perhaps per chance perhaps well signal a deeper decline. For a bullish reversal, BLUR wants to reclaim and support above $0.35.
Momentum Indicators and Outlook![]()
Blur’s non permanent momentum is bearish, with a 1-day RSI of 43.09. This means the asset is impending oversold circumstances but is now not at incorrect ranges yet. Additionally, the 1-day MACD is under the signal line, confirming the downward momentum.
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