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Blur token price has breached its range trajectory and depicted a breakdown.
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The token hit its 52-week low mark of $0.3000 this week.
The Blur (BLUR) token price showed a consistent selloff and dragged below its key moving averages, displaying underperformance on the chart.
Trading in the bearish trajectory, the token has experienced a severe selloff and lost over 60% of gains in the past three months.
Following a double top formation and a rejection from the supply zone, the seller army continued to dominate the battle and endured pushing the BLUR token from the highs.
The price action signifies a follow-on selloff; buyers cannot hold on to the gains. It has faced multiple rejections from the 50-day EMA mark for weeks, which signifies the lack of bullish momentum.
The lower low swings were intact, and the token split its crucial range support of $0.3400 last week. Still, if the token slips below $0.3000, the correction will extend f
We współpracy z: https://www.thecoinrepublic.com/2024/06/16/blur-witnessed-underperformance-analysts-guide-bearish-outlook/
