BLUR/USDT falling wedge near to breakout? 👀🚀BLUR analysis💎 Paradisers, take note as #BLURUSDT is showing signs of a breakout from a falling wedge, signaling a strong possibility of a bullish trend. Currently, the 21-day moving average is acting as resistance.
💎 Upon close examination, we've noticed that the Bollinger Bands are tightening, which typically increases the likelihood of an upward move. If SEED_DONKEYDAN_MARKET_CAP:BLUR successfully breaks out from the falling wedge and maintains its momentum, there is a high probability it will embark on a bullish path to overcome our specified resistance level.
💎 However, considering the inherent volatility of the market, if #BLUR fails to sustain its momentum and falls, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong demand level at $0.3214, though a break below this level could lead to considerable downward movement.
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