Lokesh Gupta
29-06-2024
The #Blast airdrop launched on Wednesday at approximately $0.02000, featuring 17 billion tokens in its initial phase.
Following its debut, the price spiked 40% to hit a peak of $0.02800 before subsequently retreating.
Over the past three days, Blast's price has declined approximately 28%, finding support near the opening price around $0.020000.
On the 15-minute chart, Blast is forming a falling wedge pattern, indicating a potential bullish reversal signal.
In the last two days, Blast token saw $90.48K in long liquidations and $21.70K in short liquidations, suggesting buying interest at lower price levels.
According to Coingabbar analysis, A breach above the pattern suggests the end of a pullback, potentially signaling a rally towards the record high of $0.028000.
Conversely, a drop below $0.20000 could indicate bearish momentum continuation, with the price retracing towards its all-time low.
KEY LEVELS :
RESISTANCE LEVEL : $0.025000-$0.030000
SUPPORT LEVEL : $0.018000-$0.010000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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.
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.
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