Lokesh Gupta
27-06-2024
The highly anticipated #Blast airdrop, linked to the Ethereum layer-2 network, was launched on Wednesday morning.
BLAST tokens debuted at around $0.02000, with the 17 billion tokens in the first phase of the airdrop valued at approximately $430 million.
The price of $BLAST surged over 40% to reach $0.02800 in the early morning.
This surge was followed by a rapid decline to approximately $0.02000, reducing the total value of the tokens reserved for users to $289 million.
The price sharply dropped due to unmet expectations and early investors quickly taking profits.
Buyers supported the price around $0.02000, resulting in a rebound above $0.02500.
According to Coingabbar analysis, Maintaining levels above $0.0250 and surpassing the resistance at $0.0280 could indicate the potential for reaching new peak prices.
If unable to maintain levels above $0.0200, the potential exists for further declines towards lower support levels.
KEY LEVELS :
RESISTANCE LEVEL : $0.028000-$0.035000
SUPPORT LEVEL : $0.020000-$0.015000
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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