BLZ USDT Bluzelle Technical Analysis

Bluzelle logo In this Bluzelle technical analysis, we will examine the current price action, trading volume, key levels and indicators for BLZ-USDT. Bluzelle (BLZ) is a decentralized storage network that leverages blockchain technology to provide secure, scalable, and decentralized data storage solutions. Bluzelle’s novel consensus algorithm ensures the security of data stored on the platform while its unique data structure enables fast and efficient data retrieval. With Bluzelle, users can store and retrieve data in a decentralized manner, without relying on centralized authorities or intermediaries.

Bluzelle Price Overview:

As of October 02, 2023, Bluzelle is trading at approximately 0.1506 USDT. Let’s dive into the detailed price action for BLZ-USDT:

Metric Value
Open (O) 0.1597
High (H) 0.1602
Low (L) 0.1472
Close (C) 0.1506
Volume (C) 46,551,640.00
  • Open (O): The opening price for today’s trading session was approximately 0.1597 USDT.
  • High (H): Bluzelle reached a daily high of around 0.1602 USDT.
  • Low (L): The daily low for BLZ-USDT was approximately 0.1472 USDT.
  • Close (C): At the time of analysis, Bluzelle is trading near its daily close of 0.1506 USDT.
Metric Value
1D Change (%) -5.58%
3D Change (%) -0.66%
7D Change (%) -18.42%
30D Change (%) 31.87%
90D Change (%) 150.58%
YTD Change (%) 205.48%

Over the past three days, BLZUSDT has decreased by approximately -0.66%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -18.42%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BLZUSDT maintaining an upward trend of approximately 31.87%, despite intermittent fluctuations. Examining the last 90 days, BLZUSDT has witnessed substantial increase of approximately 150.58%, reflecting strong long-term confidence. Year-to-date, BLZUSDT has steadily appreciated by around 205.48%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Bluzelle Live Chart:

You can access a live price chart for BLZ-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.14412.
  • Momentum score is 0.31874.

BLZ USDT Technical Analysis

Bluzelle Trading Volume:

The trading volume for Bluzelle (BLZ) over the past 24 hours has been insignificant, with approximately 46,551,640.00 USDT traded against BLZ. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): BLZ is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Bluzelle is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for BLZ-USDT is currently in the neutral zone, around 54.0278. This suggests that Bluzelle is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Bluzelle (BLZ-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.