BLZ USDT Bluzelle Technical Analysis

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By Frans van Elst

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 data storage and computing network that leverages blockchain technology to provide secure, fast, and scalable solutions for businesses and individuals. BLZ’s unique architecture enables the creation of a global-scale web3 ecosystem, powering next-generation applications and use cases. With its innovative approach to data management and processing, Bluzelle is poised to revolutionize the way we interact with data in the digital age.

Bluzelle Price Overview:

As of May 16, 2024, Bluzelle is trading at approximately 0.3533 USDT. Let’s dive into the detailed price action for BLZ-USDT:

Assess Bluzelle’s (BLZUSDT) risks at 3.53e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.3728
High (H) 0.392
Low (L) 0.3523
Close (C) 0.3533
Volume (C) 8,789,169.00
  • Open (O): The opening price for today’s trading session was approximately 0.3728 USDT.
  • High (H): Bluzelle reached a daily high of around 0.392 USDT.
  • Low (L): The daily low for BLZ-USDT was approximately 0.3523 USDT.
  • Close (C): At the time of analysis, Bluzelle is trading near its daily close of 0.3533 USDT.
Metric Value
1D Change (%) -5.23%
3D Change (%) -5.13%
7D Change (%) -5.46%
30D Change (%) 0.77%
90D Change (%) 5.78%
YTD Change (%) 4.65%

Over the past three days, BLZUSDT has dropped by approximately -5.13%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -5.46%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with BLZUSDT maintaining an upward trend of approximately 0.77%, despite intermittent fluctuations. Examining the last 90 days, BLZUSDT has witnessed substantial increase of approximately 5.78%, reflecting strong long-term confidence. Year-to-date, BLZUSDT has steadily increased by around 4.65%, 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 0.47141.
  • Momentum score is -0.01092.

BLZ USDT Technical Analysis

Bluzelle Trading Volume:

The trading volume for Bluzelle (BLZ) over the past 24 hours has been significant, with approximately 8,789,169.00 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 below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Bluzelle is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for BLZ-USDT is currently in the neutral zone, around 47.68008. 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 bearish 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 significant trading volume are neutral signals for potential sideways movement.

Assess Bluzelle’s (BLZUSDT) risks at 3.53e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Don’t skip our thorough exploration of BLZ BTC Bluzelle Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

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.

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