Unusual Trading Volume Booms in 5 Altcoins in South Korea

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 04 2024

BLUR-5.042%

THETA-5.53%

Should l Buy BLUR?

Significant Trading Volume Increases: Upbit, South Korea's largest cryptocurrency exchange, reported remarkable increases in trading volumes for several altcoins, including STP (841.65% increase), LOOM (101.54% increase), and THETA (260.23% increase), while Binance showed more modest or declining volumes for the same assets.
Contrasting Market Activity: While Upbit experienced substantial volume surges for various altcoins like aelf (288.63% increase) and Blur (175.23% increase), Binance's trading volumes for these coins either increased slightly or decreased significantly, highlighting discrepancies in market activity between the two exchanges.

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Technical Analysis for BLUR

Technical Sentiment Analysis for Blur (BLUR) As of , Blur (BLUR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BLUR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BLUR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Blur (BLUR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00742	0.0121	0.0171	0.0218	0.0267	0.0314	0.0364
Fibonacci	0.0121	0.0158	0.0181	0.0218	0.0255	0.0278	0.0314

About BLUR

BLUR is the native governance token of Blur, a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps, and a more intuitive interface than other comparable platforms.As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities — although it may be due to incentives like the recent airdrop of 360 million BLUR tokens — worth around $355M at the time of writing. It is an Ethereum-based platform that has raised over $14m from world class investors and traders including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey and many more.BLUR came to prominence after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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