{"id":438431,"date":"2023-09-12T09:12:31","date_gmt":"2023-09-12T09:12:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=438431"},"modified":"2023-09-12T09:12:31","modified_gmt":"2023-09-12T09:12:31","slug":"bluzelle-buzz-blz-price-prediction-points-to-50-boost","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bluzelle-buzz-blz-price-prediction-points-to-50-boost","title":{"rendered":"Bluzelle Buzz: BLZ Price Prediction Points to 50% Boost"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Bluzelle Buzz still looks bullish, with an upward chart formation and a pending positive cross on the daily chart. It is at the top of an ascending triangle, projecting a ballistic rise to $0.2135.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">BLZ is trading at $0.1394, up 3% over the last 24 hours. This decentralized storage token rose as much as 31% to take the top gainer position as tracked by Coinwink.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Top gainer: <a href=\"https:\/\/twitter.com\/hashtag\/Bluzelle?src=hash&amp;ref_src=twsrc%5Etfw\">#Bluzelle<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BLZ?src=hash&amp;ref_src=twsrc%5Etfw\">#BLZ<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BLZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BLZ<\/a> increased by 31.35% in 24h! Create your Bluzelle (BLZ) <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> alert: <a href=\"https:\/\/t.co\/Z5zbPGoCYj\">https:\/\/t.co\/Z5zbPGoCYj<\/a> <a href=\"https:\/\/t.co\/LitBBTDsmv\">pic.twitter.com\/LitBBTDsmv<\/a><\/p>\n<p>&mdash; Coinwink (@Coinwink) <a href=\"https:\/\/twitter.com\/Coinwink\/status\/1701209500970045609?ref_src=twsrc%5Etfw\">September 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p3\"><span class=\"s1\">Bluzelle Buzz is up 7% over the last seven days and 127% over the last month. The monthly surge in the BLZ price was triggered by an announcement by <a href=\"https:\/\/insidebitcoins.com\/news\/huobiglobal-secures-exchange-license-launches-crypto-spot-trading-in-hong-kong\"><span class=\"s4\">Huobi, a leading crypto exchange<\/span><\/a>, that it was listing the token.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zh\" dir=\"ltr\">&#128293; <a href=\"https:\/\/twitter.com\/search?q=%24LPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LPT<\/a> &#21644; <a href=\"https:\/\/twitter.com\/search?q=%24BLZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BLZ<\/a> USDT &#26412;&#20301;&#27704;&#32493;&#21512;&#32422;&#19978;&#32447;<a href=\"https:\/\/twitter.com\/Livepeer?ref_src=twsrc%5Etfw\">@Livepeer<\/a> <a href=\"https:\/\/twitter.com\/BluzelleHQ?ref_src=twsrc%5Etfw\">@BluzelleHQ<\/a> <\/p>\n<p>&#35814;&#24773;&#65306;<a href=\"https:\/\/t.co\/WzNOmOFiv6\">https:\/\/t.co\/WzNOmOFiv6<\/a> <a href=\"https:\/\/t.co\/ZQsSnVbGam\">pic.twitter.com\/ZQsSnVbGam<\/a><\/p>\n<p>&mdash; &#28779;&#24065;HTX (@HuobiGlobal) <a href=\"https:\/\/twitter.com\/HuobiGlobal\/status\/1691029557309296640?ref_src=twsrc%5Etfw\">August 14, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">At the time of writing, the altcoin is trading in a third consecutive bullish daily session as market participants expect the price to increase.<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\">Bluzelle Buzz Bulls Eye 53% Uptick to $0.21<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The <a href=\"https:\/\/insidebitcoins.com\/news\/bluezelle-price-prediction-blz-tumbles-11-a-sleeping-giant-awakening#:~:text=Bluezelle's%20price%20is%20%240.1358%20at,losses%20of%20the%20long%20positions.\">BLZ price<\/a> action has led to the appearance of an ascending triangle on the daily chart. This highly bullish chart formation projects a significant upward move for the Bluzelle Buzz price once the triangle is confirmed.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This will happen once a daily candlestick close is produced above the triangle&rsquo;s resistance line at $0.145. Above this, the following barriers would emerge from the $0.160 and the $0.180 psychological levels. Another roadblock is found at the $0.20 supplier congestion zone before the BLZ price rises to reach the technical target of the prevailing chart pattern at $0.2135. Such a move would represent a 53% ascent from the current price.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>BLZ\/USD Daily Chart<\/b><\/span><\/p>\n<figure id=\"attachment_438436\" aria-describedby=\"caption-attachment-438436\" style=\"width: 2219px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12.png\"><img decoding=\"async\" class=\"wp-image-438436 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12.png\" alt=\"Bluzelle Buzz Price Chart - Sep 12\" width=\"2219\" height=\"1286\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12.png 2219w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-300x174.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-1024x593.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-240x140.png 240w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-768x445.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-1536x890.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bluzelle-Buzz-Price-Chart-Sep-12-2048x1187.png 2048w\" sizes=\"(max-width: 2219px) 100vw, 2219px\"><\/a><figcaption id=\"caption-attachment-438436\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/chart\/tqwIrUI6\/\" target=\"_blank\" rel=\"noopener\">TradingView Chart: BLZ\/USD<\/a><\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">Supporting this positive outlook for Bluzelle Buzz were the upward-facing moving averages. Note that BLZ&rsquo;s northward traction will gain momentum once the pending bullish cross is confirmed on the daily chart. This could occur soon once the 100-day Simple Moving Average (SMA) crosses above the 200-day SMA.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The price was also above the moving averages, which provided formidable support for BLZ at $0.0935, $0.0768, and $0.0748, embraced by the 50-day, 200-day, and 100-day SMAs, respectively. Increased buying from these demand zones is likely to propel Bluzelle Buzz higher.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Additionally, the Moving Average Convergence Divergence (MACD) indicator and the Relative Strength Index (RSI) were moving in the positive region, adding credence to the optimistic outlook. The price strength at 61 suggested that the buyers controlled the BLZ price.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On-chain metrics from Santiment also added credence to <a href=\"https:\/\/insidebitcoins.com\/news\/bluzelle-price-prediction-blz-tanks-11-the-downfall-of-decentralized-storage\">Bluzelle Buzz&rsquo;s<\/a> bullish narrative. The crypto and on-chain data analysis firm posted the following chart on social media platform X: &ldquo;Bluzelle&rsquo;s supply on exchanges dropped from 55% to 35% amid its rally that has been in progress since last month.&rdquo;&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128051; <a href=\"https:\/\/twitter.com\/hashtag\/Bluzelle?src=hash&amp;ref_src=twsrc%5Etfw\">#Bluzelle<\/a>'s supply on exchanges dropped from 55% to 35% in the midst of its rally that has been in progress since last month. Our latest insight looks at <a href=\"https:\/\/twitter.com\/search?q=%24BLZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BLZ<\/a>'s supply moving to whale cold wallets during this price drop, and a lesson in supply &amp; demand. <a href=\"https:\/\/t.co\/jIjthVtCA2\">https:\/\/t.co\/jIjthVtCA2<\/a> <a href=\"https:\/\/t.co\/2MQgor0dMZ\">pic.twitter.com\/2MQgor0dMZ<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1699538442567487816?ref_src=twsrc%5Etfw\">September 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Reducing supply on exchanges is usually a sign of accumulation, which means that investors are holding on to their crypto in anticipation of future price increases. According to Santiment, BLZ tokens are being moved to &ldquo;cold wallets during this price drop, &rdquo; reducing its market supply. This is likely to lead to increased prices due to increased demand.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On the downside, BLZ price could turn down from the current levels, with the first line of defense emerging from the $0.130 major support. Additional support lines are found at $0.124, embraced by the triangle&rsquo;s hypotenuse or the $0.120 psychological level. This is where Bluzelle Buzz&rsquo;s downside could be capped in the short term.&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Those seeking to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-cryptocurrency-to-buy\">buy the crypto<\/a> should wait for a decisive close above the triangle&rsquo;s horizontal line. While they wait for this, market participants could look into a new cryptocurrency in presale, Bitcoin BSC, that offers a similar opportunity early adopters had when they bought the pioneer cryptocurrency, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">Bitcoin (BTC)<\/a>, when it was below $1.&nbsp;<\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\">Promising BLZ Alternatives<\/span><\/h2>\n<p class=\"p6\"><span class=\"s4\"><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoin-bsc\" rel=\"nofollow\">Bitcoin BSC (BTCBSC)<\/a><\/span><span class=\"s1\"> is now in presale, priced at $0.99 per token. The token is one of the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-presales\"><span class=\"s4\">best presales to invest<\/span><\/a> in, with more than $1.25 million raised so far.&nbsp;<\/span><\/p>\n<p class=\"p6\"><span class=\"s1\"> <img decoding=\"async\" class=\"alignnone size-full wp-image-438434\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise.png\" alt=\"Bitcoin Bsc raise\" width=\"2237\" height=\"1178\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise.png 2237w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise-300x158.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise-1024x539.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise-768x404.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise-1536x809.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Bsc-raise-2048x1078.png 2048w\" sizes=\"(max-width: 2237px) 100vw, 2237px\"><\/span><\/p>\n<p class=\"p7\"><span class=\"s1\">BTCBSC adopts similar tokenomics to the original Bitcoin, with the total supply fixed at 21 million tokens. As new blocks are confirmed, tokens are released and sent to stakers every ten minutes &ndash; and set to reward holders of the new cryptocurrency over 120 years.<\/span><\/p>\n<p class=\"p7\"><span class=\"s1\">However, instead of adding more BTCBSC into circulation through the proof-of-work (PoW) mining mechanism like with Bitcoin, the tokens are released into circulation as staking rewards.&nbsp;<\/span><\/p>\n<p class=\"p7\"><span class=\"s1\">BTCBSC is a BEP-20 standard token built on the Binance Smart Chain (BSC) and compatible with a vast range of crypto wallets, DApps, DeFi protocols, and staking services. It uses the BSC network to provide a greener alternative with lower gas fees. It is worth noting that transactions on the BSC blockchain cost less than transactions on the<a href=\"https:\/\/insidebitcoins.com\/news\/blockchain-and-cryptocurrency-a-comprehensive-overview\"> Bitcoin and Ethereum blockchains<\/a>.<\/span><\/p>\n<p class=\"p7\"><span class=\"s1\">&nbsp;Bitcoin BSC currently offers over 400% APY to stakers.<\/span><\/p>\n<p>https:\/\/twitter.com\/Bitcoinbsctoken\/status\/1699392044542603471?s=20<\/p>\n<p class=\"p7\"><span class=\"s1\">Become a part of the community by <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoin-bsc\" rel=\"nofollow\"><span class=\"s4\">visiting the Bitcoin BSC website here<\/span><\/a> to learn how to participate in the presale.<\/span><\/p>\n<h3 class=\"p9\"><span class=\"s1\">Related News<\/span><\/h3>\n<ul class=\"ul1\">\n<li class=\"li10\"><span class=\"s7\"><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-11-september-wall-street-memes-stellar-render#:~:text=Stellar%20(XLM),most%20digital%20assets'%20recent%20struggles.\"><span class=\"s8\">Next Cryptocurrency to Explode Monday, 11 September<\/span><\/a><\/span><\/li>\n<li class=\"li10\"><span class=\"s9\"><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-bitcoin-bsc-on-presale-alessandro-de-crypto-video-review\"><span class=\"s8\">How To Buy Bitcoin BSC On Presale &ndash; Alessandro De Crypto Video Review<\/span><\/a><\/span><\/li>\n<li class=\"li10\"><span class=\"s9\"><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-cryptocurrency-to-buy\"><span class=\"s8\">Best Crypto to Buy Now<\/span><\/a><\/span><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Smog (SMOG) - 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It is at the top of <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1850,"featured_media":438438,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bluzelle Buzz: BLZ Price Prediction Points to 50% Boost<\/title>\n<meta name=\"description\" content=\"Bluzelle Buzz still looks bullish, with an upward chart formation and a pending positive cross on the daily chart. 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