Captain Faibik, a top crypto analyst, recently highlighted bullish signals for both BLUR and DYDX tokens. According to his recent X posts, both tokens are poised for substantial rallies in the coming days, presenting potential opportunities for traders and investors.
Captain Faibik’s chart analysis of the BLUR token reveals a breakout from a falling wedge pattern on the daily timeframe chart. This pattern, characterized by a series of lower highs and lower lows, suggests a potential reversal when a breakout occurs.
Moreover, BLUR broke above a strong downward trend line, with the latest candle closing above this resistance level. This breakout indicates a possible trend reversal, with Captain Faibik expecting a bullish rally of around 60%. At press, the price of BLUR is $0.4129, despite a 2.11% drop in the last 24 hours.
The technical indicators support this optimistic outlook. Faibik’s chart features a green projection box, highlighting an anticipated rise of 54.07% from the current price level. If the breakout holds, traders might see a shift to bullish sentiment in the short to medium term for BLUR. The key to this will be maintaining price levels above the breakout point, which would confirm the potential upward momentum.
Similarly, Captain Faibik’s analysis of the dYdX token suggests a bullish breakout on the 8-hour candlestick chart. Analyzing his chart shows a consistent downward trend line acting as resistance. The latest green candle breaking above this trend line signals a potential reversal of the ongoing downtrend. The analyst projects a bullish rally of 50-60% in the short term for DYDX. The current price of DYDX is $2.13, having decreased by 1% in the last 24 hours.
The chart includes a green projection box, indicating an expected upward movement of 53.40%, equivalent to a $1.112 increase from the current price. For DYDX, the breakout point now serves as a crucial support level. Sustained trading above this level could attract more buying interest and confirm a bullish shift in market sentiment.
