Bluzelle Price Prediction 2021 – Will BLZ Hit $1 Soon?

Bluzelle Price Prediction 2021 – Will BLZ Hit $1 Soon?
  • Bullish Bluzella price prediction ranges from $0.28 to $0.66.
  • Bluzella prices might also reach $1 soon.
  • BLZ bearish market price prediction for 2021 is $0.1.

In Bluzella (BLZ) price prediction 2021, we use statistics, price patterns, RSI, and much other information about BLZ to analyze the future movement of the cryptocurrency

Bluzelle is a blockchain based decentralized storage network. The platform offers high security, un-matched availability, and censorship resistance. For artists, musicians, scientists, developers, or publishers Bluzella safeguards the intellectual property of all developers. More so, Bluzella is a data storage, file storage, oracles, and many more. Specialized for NFTs and DeFis. 

Let us see about the Bluzella price prediction 2021.

Current Market Status of Bluzella (BLZ) 

According to CoinMarketCap, the Bluzella price is trading at $0.22 with a 24-hour trading volume of $8,210,886, at the time of writing. However, Bluzella has decreased by 3.83% in the last 24 hours. 

Currently, Bluzella trades in cryptocurrency exchanges such as Binance, CoinTiger, Huobi Global, BiONE, and Hotcoin Global.

Bluzella (BLZ) Price Prediction 2021

Bluzella (BLZ) holds the 452nd position on CoinMarketCap right now. Bluzella price prediction 2021 explained below with a daily time frame. 

BLZ/USDT Showing Symmetrical Triangle Pattern (Source: TradingView)

The chart above indicates the symmetrical triangle pattern of BLZ. A symmetrical triangle pattern is formed by falling an upper trendline and a rising lower trendline. More so, as the price approaches the apex, it will violate the upper trendline which results in a breakout. 

The symmetrical triangle varies from the other triangle patterns in that it is a neutral pattern that does not lean in any direction. While the triangle itself is neutral, it might favor the existing trend’s direction, and traders look for breakouts in that direction.

Currently, BLZ is trading at $0.22. After this, BLZ may continue to fall or rise according to the direction of breakout. With this pattern, BLZ might reach the resistance level at $0.61 soon, if the trend breaks out at $0.29. If the trend reverses, then the price of BLZ may fall to $0.1.

Bluzella (BLZ) Support and Resistance Level

The below chart shows the support and resistance level of Bluzella (BLZ). 

BLZ/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is considered that the following are the resistance and support levels of Bluzella (BLZ).

  • Resistance Level 1 – $0.28
  • Resistance Level 2 – $0.43
  • Next resistance level – $0.66
  • Support Level 1 – $0.17
  • Support Level 2 – $0.1
  • Next support level – $0.05

The chart depicts the bullish performance of Bluzella over the previous month. However, this trend will continue to reach a resistance level at $0.66 soon. Even more, if the trend reversed then Bluzella might fall to $0.1 presenting a bearish signal.

Bluzella (BLZ) Average Directional Index (ADX)

Let us now look at Reserve Rights’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

  BLZ/USDT ADX (Source: TradingView)

The above chart represents the ADX of Bluzella. Currently, Bluzella lies in the range at 42.61, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

Bluzella is one of the cryptos which is great for long-term investment. In addition, Bluzella price prediction is bullish for a short-term. It has a good chance of reaching $0.43 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Bluzella ecosystem, the performance of Bluzella would rise reaching $0.66 very soon. But, it might also reach $1 if the investors believe that Bluzella is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.