Technical analysis by AltcoinPiooners about Symbol BLUR: Buy recommendation (4/17/2025)

BLURUSDT Trend and Levels: The chart shows a downtrend from April 13 to 16, with the price dropping from around 0.1020 to 0.0944. A consolidation phase follows, with the price moving sideways between 0.0944 and 0.0977.Moving Averages: Two moving averages (likely 50-period and 200-period) are plotted. The price is currently between them, indicating indecision. The MAs are converging, which often precedes a breakout.Key Levels: Resistance is around 0.09615 (highlighted with a 3.48% potential gain if reached).Support is near 0.0944, where the price has bounced multiple times.A potential long entry is marked at 0.095875, with a target of 0.0645% above the entry.Trade Stats: The group’s trade stats show 120 trades with a 100% win rate, suggesting a strong track record, though this seems unusually high and may not reflect realistic performance.Price Action: The latest candlesticks show small-bodied candles with wicks on both sides, indicating a lack of strong directional momentum. The price is testing the upper moving average, which could act as resistance.Conclusion: The market is in a consolidation phase after a downtrend. A breakout above 0.09615 could signal a bullish move, while a drop below 0.0944 might lead to further downside. Watch for a decisive move past the moving averages for confirmation of direction.