#Blast has risen to the 6th largest DeFi protocol by Total Value Locked (TVL) and the 4th largest Ethereum layer-2 network.
Blast ($BLAST) made a notable debut in the market, displaying significant price movements.
After experiencing a 57% drop from its peak, the price has significantly plummeted.
Blast token has taken support near $0.01300 and has been hovering inside a consolidation zone.
Today, #Blast token breached the consolidation zone as well as Fibonacci levels, indicating a potential surge towards the next resistance level.
According to Coingabbar analysis, A sustained move above the Fibonacci levels can take Blast towards the $0.02000 zone, indicating potential further gains.
However, failure to hold above the Fibonacci level may lead to increased selling pressure, potentially pushing the price back towards $0.01300.
KEY LEVELS :
RESISTANCE LEVEL : $0.020000-$0.025000
SUPPORT LEVEL : $0.014000-$0.010000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
31-03-2025
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