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The Blur price has increased by 30% in the last 24 hours to trade at $0.47 as of 9:20 a.m. EST.
The token’s trading volume rose 22%, hitting $227 million.
The recent price increase could be linked to the aftermath of the Season 2 airdrop. There was a spike in buying activity, as 19 addresses came together to purchase 51.3 million BLUR tokens. This represents a significant investment of $21 million in the asset.
BLUR is pumping after the Season 2 #airdrop!
19 addresses bought a total of 51.3M $BLUR($21M) after the Season 2 #airdrop. pic.twitter.com/hvgByltM5I
— Lookonchain (@lookonchain) November 22, 2023
Before the price surge, BLUR exhibited a consolidation pattern, trading below a key resistance level.
The buying momentum triggered by the airdrop may have triggered a chain reaction, encouraging more investors to join as they noticed the uptick in activity.
BLUR Price: Bulls Seek to Achieve New Highs
A resurgence in BLUR price has occurred on the support level at $0.16 as the bulls join forces for a robust recovery, reaching the resistance point of $0.47.
However, the price faced rejection at this level, prompting a correction by the bears to the $0.32 support zone. Nevertheless, the support zone appears robust, enabling the bulls to regain price control. This suggests a sustained bullish trend, providing momentum for the price to reach $0.55.
BLUR is trading above the 50-day and 200-day simple moving averages, strengthening the optimistic perspective and functioning as near-term support.
Although the Relative Strength Index (RSI) experienced a decrease, it remains in a generally bullish outlook, trading at 71 and rebounding from the neutral level of 50. This indicates continued higher momentum and buying pressure compared to earlier levels.
BLUR’s price demonstrates a strong bullish trend, with bulls leveraging support from the 50-day and 200-day SMAs and the RSI. This support has allowed the price to break through, reaching a peak of $0.55 in Q4 of 2023.
However, buyers should exercise caution, as a market downturn could possibly erase current profits, with the $0.32 support zone serving as a haven for the bulls.
Investors seeking to diversify their portfolios for better returns increasingly are turning to the BTCMTX project presale.
BTCMTX Presale Selling Out Quickly, $5 Million on the Horizon
The BTCMTX presale is now in its 9th stage, presenting investors with an excellent opportunity to capitalize on the potential for significant returns. Having already raised over $4.2 million, the project is swiftly approaching the $5 million milestone.
This stage offers a strategic entry point for investors before the price increases in the next phase.
#BitcoinMinetrix Stage 9 has commenced! ⛏️ pic.twitter.com/7jpVKVxcdj
— Bitcoinminetrix (@bitcoinminetrix) November 22, 2023
A Chance to Win in the BTCMTX Minedrop Airdrop
Don’t miss the opportunity to engage in the presale and explore potential financial benefits through airdrops and staking.
Investors can participate in the BTCMTX Minedrop Airdrop and explore staking for potential passive income. The Minedrop airdrop offers a total prize pool of $30,000, allowing participants to win $3,000 each.
Stake for Passive Income
Additionally, you can stake your BTCMTX tokens and generate passive income through the stake-to-mine program, which offers a high annual percentage yield (APY) of 141%. Currently, over 300 million tokens are staked, resulting from mining 158.5 blocks per ETH. It’s important to stake now, as the APY will decrease with more tokens being staked.
The CryptoNews YouTube channel, with over 5.3k subscribers, has released a comprehensive guide on acquiring BTCMTX tokens and investing for lucrative gains.
To buy BTCMTX tokens, connect your digital wallet to the BTCMTX website and purchase the tokens using ETH, USDT, BNB, or your bank card.
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