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 (BAL) by contributing to customizable liquidity pools.The price is close to the accumulation zone. Stay tuned