Innlegg
$BLEND
BLEND price is currently trading at 0.10763 USD, up +1.06% in the latest session. On the 4-h frame, after the correction, the price jumped sharply with a long green candle, breaking through some short-term MA lines (MA5: 0.10818, MA10: 0.10178).
Positive points:
• The price is above MA20 and MA30, indicating that the short-term trend has turned up.
• Buying volume increased significantly in the recent big green candle, indicating that demand is dominating.
• The price is retesting the dynamic support area from the MA10 and the upward trendline.
Buy recommendation: It is possible to open a buy position around the area of 0.1050 - 0.1076. Take profit in part at 0.1120 - 0.1168 (24h peak). Cut losses below 0.1020 to protect capital.
Overall, short-term technical signals are leaning towards buyers, especially when the common crypto market is showing signs of recovery.
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