Analysts Predict Bullish Breakout for BLUR and DYDX: What Awaits?

By CryptoTale
4 months ago
BLUR DYDX
  • Captain Faibik predicts a 60% bullish rally for BLUR after it broke above a strong downward trend line.
  • Technical indicators suggest BLUR could see a 54.07% rise if it maintains levels above the breakout point.
  • The analyst projects a 50-60% rally for DYDX after a bullish breakout on the 8-hour candlestick chart.

Captain Faibik, a top crypto analyst, recently highlighted bullish signals for both BLUR and DYDX tokens. According to his recent X posts, both tokens are poised for substantial rallies in the coming days, presenting potential opportunities for traders and investors.

Captain Faibik's chart analysis of the BLUR token reveals a breakout from a falling wedge pattern on the daily timeframe chart. This pattern, characterized by a series of lower highs and lower lows, suggests a potential reversal when a breakout occurs.

Moreover, BLUR broke above a strong downward trend line, with the latest candle closing above this resistance level. This breakout indicates a possible trend reversal, with Captain Faibik expecting a bullish rally of around 60%. At press, the price of BLUR is $0.4129, despite a 2.11% drop in the last 24 hours.

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