On June 26, #Blast (BLAST) entered the market with a notable debut, showcasing substantial price movements.
However, bullish momentum faltered, leading to a decline where the price retreated below 55%.
The price has plummeted by 47% from its peak, now trading around $0.016100.
Over the past nine days, there have been 9 red candles and 1 green candle in Blast's price movement.
After four consecutive days of declines, a long wick candle suggests a potential bullish comeback.
On the hourly chart, Blast is trading above the 20 and 50-day moving averages but below the 100 and 200-day moving averages.
According to Coingabbar analysis, A continuation of bullish momentum could see Blast testing resistance at $0.020000, indicating potential further gains.
However, breaching the pattern may lead to increased selling pressure towards $0.0130000.
KEY LEVELS :
RESISTANCE LEVEL : $0.020000-$0.025000
SUPPORT LEVEL : $0.013000-$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.
Also read: Layerzero Price Prediction: Could $5 Be Just the Beginning?
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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