Blur Price Prediction: BLUR Dumps 10% After Whale Moved 7M Tokens, While This Little Known Crypto Just Blasted Past $1.9 Million In Presale

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Blur price has dumped 10% in the last 24 hours to sell for $0.4928 as of 11:50 p.m. EST.

It comes with a 15% drop in trading volume, suggesting a shift toward a correction as the broader market shows more risk.

Meanwhile, BTCETF, a new entrant in the crypto market, has breached the $1.9 million mark in presale.

Busy weekend in #Crypto!🚀 @VivekGRamaswamy plans to make #Bitcoin a key topic in the upcoming Republican debates. @KyberNetwork recovers $4.67M from exploit and #GBTC's discount hits a two-year low. #BitcoinETF has also reached another great milestone, raising over $1.8M! pic.twitter.com/yuG72U2fmT

— BTCETF_Token (@BTCETF_Token) November 27, 2023

Blur Dumps As Whale Moves 7 Million BLUR Tokens

On November 27, a large holder, typically a whale, moved 7 million BLUR tokens to centralized exchanges, including Binance and OKX. This transaction indicates the intention to sell, increasing supply and decreasing demand for BLUR. In the aftermath, Blur’s price declined by a significant margin.

BLUR Price Slips As Whales Move $7 Mln BLUR To Binance & OKX https://t.co/ak8y9lf1YD 📈📉💹📊 via ➡️ https://t.co/rSmHEsgIAD

— Trade Alerts, Trade Ideas and Crypto 🇺🇸 (@AlertTrade) November 27, 2023

Besides this whale, others contributed to the 25% dump, with blockchain tracking platform Spot on Chain revealing a significant impact on Blur price after multiple whale transactions.

First, a whale with the address 0x13d deposited 3.75 million BLUR to Binance and OKX at approximately $0.629 per token. The wallet had bought the tokens from OKX at $0.535 two days prior. This means they made a profit of approximately $353,000.

🐳Whales caused dip in $BLUR pic.twitter.com/8BhPSXbXQ7

— DudeBro| BIP-420🐱 (@imdudebro) November 27, 2023

Another whale with the wallet address 0x387 also moved 1.67 million BLUR to Binance at $0.629. This large holder had acquired the holdings from OKX at $0.375 five days earlier. This translates to an estimated profit of $424,000, with recent revelations that the address could have been linked to orz-allinornothing.eth.

5天前，他以0.375美元均价（总计62.5万美元）从OKX累积了这些BLUR；预计利润为42.4万美元(+67.7%)。orz-allinornothing.eth曾从BLUR第一次空投中获得了47.3万美元的估计利润。
Wintermute Trading在约12小时和9小时前向OKX存入175万枚BLUR（110万美元）；

— 公众号:旭明日记2017年 (@xmrj2017) November 27, 2023

Blur Price Outlook Amid Massive Whale Activity

Measured from a market range from $0.1501 to $0.7000, Blur’s price is trading above the 61.8% Fibonacci retracement at $0.4894. This is the most important Fibonacci level, and losing it could spell doom for BLUR holders.

Nevertheless, the Relative Strength Index (RSI) is southbound, indicating falling momentum. In addition, the Awesome Oscillator (AO) also shows a long red histogram bar, suggesting the presence of the bears in the BLUR market.

With this, Blur’s price could likely extend lower, testing the 50% Fibonacci retracement at $0.4193. Further south, possible turnaround points include the 38.2% and 23.6% Fibonacci retracement levels at $0.3561 and $0.2780, respectively. If these fail to hold as support levels, the Blur price could fall below the $0.1501 range.

The confluence between the 50- and 200-day Exponential Moving Averages (EMA) at $0.3075 and the Parabolic SAR at $0.3867 are also possible turnaround points for the Blur price.

Blur price — TradingView: BLUR/USDT 1-day chart

Conversely, increased buying pressure could see Blur’s price pull north, with the 61.8% Fibonacci retracement holding as a support level. Increased buying pressure above current levels could see Blur’s price climb above the 78% Fibonacci retracement at $0.5723 to tag the $0.6000 psychological level.

In a highly bullish case, the gains could extend north to fill the market range at the 100% Fibonacci at $0.6868 before testing the $0.7000 psychological level. Such a move would constitute a 40% climb above current levels.

While whale activity for Blur continues to abound, investors are also giving BTCETF a significant amount of thought and attention. Now, experts anticipate 10X growth potential at launch as it races past $1.9 million raised.

Promising Alternative To Blur

BTCETF presents as a worthy alternative to BLUR, with the token selling for $0.006 in the current presale stage. It is the powering token for the only project rewarding holders as Bitcoin exchange-traded funds (ETFs) are approved.

Describing #BitcoinETF: not just an anticipation for the #Bitcoin #ETF surge, but a utility #Token! 🚀

A quarter of the supply is set for incentives, promoting network strength.

Stay tuned for details on the platform for full transparency! pic.twitter.com/loXeh8JyMQ

— BTCETF_Token (@BTCETF_Token) November 26, 2023

Powering the Bitcoin ETF Token ecosystem, BTCETF has now entered Stage 6.

The project has also incorporated a 5% burn tax for individual transactions. The strategy helps reduce the supply of the BTCETF token, thereby boosting demand. Ultimately, the project aims to burn 25% of the tokens as specific milestones are achieved to alleviate selling pressure.

#BitcoinETF incorporates a 5% burn tax on every transaction, leading to a gradual reduction in the #Token supply as time progresses.

The plan is to burn 25% of the tokens as specific milestones are achieved aiming to alleviate selling pressure. 🚀 pic.twitter.com/odZwrPDn0D

— BTCETF_Token (@BTCETF_Token) November 27, 2023

Visit the Bitcoin ETF Token website to buy BTCETF in the presale here