Technical analysis by QAEngineer about Symbol BAL: Buy recommendation (3/31/2024)

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ( $GETTEX:BAL ) by contributing to customizable liquidity pools. The price is close to the accumulation zone. Stay tuned