In an unexpected turn of events, significant unlocking and transfers of BLUR tokens have been taking place in recent weeks. On July 15, 47.96 million BLUR tokens were unlocked and moved to Coinbase Prime, an integrated prime brokerage platform. Wu Blockchain, a prominent source of cryptocurrency news, reported on this transfer of BLUR tokens to Coinbase Prime, highlighting the increasing activity surrounding the token in recent times.
Notably, Wu Blockchain posted an intriguing update about BLUR tokens on Twitter. Dive into the tweet for the full scoop:
The 47.96 million BLUR unlocked this month were transferred to Coinbase Prime today. Since June 15, a total of 239 million BLUR has been unlocked, of which 140 million BLUR has been transferred from Coinbase Prime to various CEXs in the past month. H/T @EmberCN…
— Wu Blockchain (@WuBlockchain) July 15, 2023
On June 15, a significant amount of BLUR, accounting to a total of 239 million tokens, was released from being locked. Notably, over the past month, 140 million BLUR tokens were transferred from Coinbase Prime to various other centralized exchanges (CEXs).
The current price of Blur (BLUR) is $0.3522, with a 24-hour trading volume of $107,102,926. Over the past 24 hours, Blur has experienced a 3.06% increase in price. It is currently ranked 114 on CoinMarketCap, with a market cap of $267,634,424.
From a technical standpoint, the Ichimoku indicator with parameters 9, 26, 52, and 26 shows that the price of BLURUSD is relatively stable at around 0.35293155. The Ichimoku cloud spans from 0.35269359 to 0.37050272, suggesting a range where the price might find support or resistance.
In terms of momentum, the Moving Average Convergence Divergence (MACD) indicator with parameters 12, 26, and 9 EMA indicates a slightly bullish signal. The MACD line is currently at 0.00523432, while the signal line is at -0.01050807. However, it’s worth noting that the histogram is negative at -0.01574239, indicating a potential downward pressure on the price.
The Balance of Power indicator is at 0.58, indicating that buyers have a slight advantage in the market. This suggests a moderate level of buying pressure supporting the current price level of BLURUSD.
Looking at the broader performance of BLURUSD, it has shown mixed results over different timeframes. The pair has gained 9.22% in the past week, which is a positive sign. However, it has experienced a significant decline of 54.01% over the past month. Similarly, over the past three months, six months, and year-to-date, BLURUSD has shown considerable losses of 60.00%.
Considering these technical indicators and performance metrics, the current outlook for BLURUSD is neutral to slightly bearish. Traders and investors should closely monitor the price levels indicated by the Ichimoku cloud and the MACD histogram for potential entry or exit points.
