Binance Announces Listing Blur, Immediate Surge in Price

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Binance Announces Listing Blur

Binance has officially announced the listing of Blur (BLUR) and the commencement of spot trading for the following pairs, effective from 2023-11-24 09:00 (UTC):

BLUR/BTC
BLUR/USDT
BLUR/TRY

Traders and enthusiasts can initiate deposits of BLUR in readiness for the upcoming trading activities. The withdrawal option for BLUR is scheduled to be activated starting 2023-11-25 06:00 (UTC).

Noteworthy is the zero BNB listing fee associated with the inclusion of BLUR on the Binance platform, underscoring the exchange’s commitment to fostering accessibility and facilitating the entry of diverse digital assets into the market.

BLUR Token Surges 23% Today Amidst Market Recovery

In the wake of legal charges against Changpeng Zhao (CZ), former CEO of Binance, the cryptocurrency market underwent a bearish phase lasting two days. However, there is a positive turn of events today, with the market displaying a robust uptrend, accumulating a noteworthy 2.5% increase in value within the last 24 hours.

Standing out as the top gainer, BLUR token has witnessed an impressive surge of more than 23% in its value. Analysts attribute this sudden boost to the commencement of Season 2 of the Airdrop program.

BLUR Token Price Movement:

Despite a bullish market in October, BLUR token’s price remained within a consolidated range of $0.2198 to $0.2626 for a brief period. The beginning of November marked a positive shift as the price gained momentum, breaking through the resistance level.

Persisting around $0.3019 for a while, the token experienced another surge, surpassing this level. However, it faced resistance at $0.3941, leading to a narrow trading range between $0.3517 and $0.3941. Subsequently, bulls broke out of this range, only to face rejection at $0.4500. This rejection triggered a loss of approximately 32% in value over a week.

While recent market developments suggest a rebound, the question on everyone’s mind is whether BLUR token can sustain its current momentum and potentially reach the $0.6 mark in the near future.

Multiple attempts to breach the established range were thwarted by resilient bulls, enabling the BLUR token to regain momentum and successfully break through the pivotal resistance at $0.4500.

At present, the token hovers near its upper resistance level of $0.4993, with predictions anticipating an imminent test, the outcome of which remains uncertain.

Prospects for BLUR Price Movement:

The Relative Strength Index (RSI) recently breached the overbought range and continues to trade above it, signaling a robust bullish sentiment within the cryptocurrency domain. Additionally, the moving average exhibits a consistent upward trajectory towards the upper limit, implying a sustained increase in price.

Should the bulls maintain the price above the support level of $0.4993, momentum is expected to persist, potentially leading to a challenge of the resistance level at $0.5500 in the near term.

Furthermore, a successful consolidation at this level would set the stage for BLUR’s price to venture towards its upper resistance limit of $0.600 in the coming week.

Conversely, a scenario where bears overpower bulls could result in a loss of momentum, prompting a descent to test the support level at $0.4500. Continued dominance by bears might trigger a further decline, with a subsequent examination of the lower support level at $0.3941 on the horizon.