Bluzelle (BLZ) Fires “Super” Signal Suggesting An Uptrend Is Starting
Bluzelle saw a massive more than 100% price explosion this week. The move up, while already significant, started a “super” uptrend signal to turn upward for the first time in over a year.
Keep reading to find out exactly what this signal means, and learn more about the BLZ token.
Bluzelle (BLZ) SuperTrend Signal Line Turns Up For First Time Since 2022
It’s a bird! It’s a plane! No, it’s the SuperTrend on 1W BLZUSD price charts, and it’s here to save the altcoin market from further despair. Unlike other cryptocurrencies which have remained stagnant throughout August, Bluzelle is up more than 130% in recent weeks.
BLZ could be ready for more upside, as the SuperTrend signal line on the weekly timeframe has begun to turn upward. Take particular note of how the signal line acted as support each time the price tried to break below the $0.05 level. The SuperTrend kept saving the day again and again, and now it’s moving up, up and away.
The SuperTrend turning up is notable, as it means that ironclad support level is now rising higher along with price. As long as the support holds longer-term, price could begin to make a series of higher highs and higher lows. This is the definition of an uptrend.
If Bluzelle continues its uptrend, the recent more than 100% rally will be only the beginning of what’s to come.
Why Bluzelle Is Gaining Momentum In The Cryptocurrency Market
Technical momentum appears fueled by Bluzelle’s strengthening fundamental position in providing a blockchain for GameFi. With claims of over 10,000 transactions per second, Bluzelle touts high throughput and seamless interoperability with other Cosmos-based chains, catering to gamers needs in the ecosystem.
Yet Bluzelle’s most intriguing expansion is into GameFi with GAMMA 4, the Crypto Sci-Fi Epic, a play-to-earn real-time card battle game where players can win BLZ tokens. Created & developed by Bluzelle and the Starloop Studio with AAA gaming pedigree, GAMMA 4 lends credibility to Bluzelle’s gaming utility, emerging as a strong competitor for Immutable X, a leading Ethereum-based GameFi player in the space.
As Bluzelle extends its capabilities across NFT markets with Capella, DeFi with Osmosis integration with Stargate V9 upgrade, and GameFi with GAMMA 4, the platform’s multifaceted role may be garnering increased enthusiasm. With links to major GameFi partners, Bluzelle appears poised to build on its recent momentum.
The post Bluzelle (BLZ) Fires “Super” Signal Suggesting An Uptrend Is Starting appeared first on Live Bitcoin News.
Filed under: Bitcoin - @ August 20, 2023 10:02 am