Most Trending Cryptocurrencies on Base Chain Now – Brett, AxonDAO Governance Token, Blue Guy

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 10 2024

Should l Buy BLUE?

Market Trends: Last week saw a significant withdrawal of $726 million from digital asset investment products, influenced by expectations of interest rate cuts from the US Federal Reserve. Meanwhile, the TON Blockchain is attracting users from Solana, and new meme coins like Crypto All-Stars are gaining investor interest despite market uncertainty.
Emerging Tokens: Notable tokens include Brett (BRETT), which has gained popularity within the Base Chain ecosystem, AxonDAO's governance token AXGT that empowers decentralized science, and BLUE GUY, a meme coin blending humor with DeFi. Additionally, Crypto All-Stars is generating buzz with its innovative staking model and strong presale performance.

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Technical Analysis for BLUE

Technical Sentiment Analysis for Bluefin (BLUE) As of , Bluefin (BLUE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BLUE 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, BLUE 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 $-.

Bluefin (BLUE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0076	0.0128	0.0174	0.0226	0.0271	0.0323	0.0369
Fibonacci	0.0128	0.0165	0.0188	0.0226	0.0263	0.0286	0.0323

About BLUE

Bluefin is a decentralized spot and derivatives trading platform on the Sui blockchain and is backed by Polychain, SIG, Brevan Howard, and other leading firms. Bluefin is the largest protocol on Sui by total volume, with over $37B traded since launching in September 2023. The exchange currently has 57,754 unique depositors and $27.1M in TVL. The two core Bluefin products are:Decentralized Derivatives Trading: Bluefin’s derivatives product supports pre-launch markets and derivatives on ecosystem assets alongside the best execution prices for exposure to BTC, ETH, SOL and other major assets. Spot DEX: Bluefin’s spot AMM is the retail gateway in the ecosystem, powering both ecosystem assets and meme coins

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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