BLUI Token is Up 10,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next – Here's Why
BluiCoin (BLUI) was one of the biggest crypto gainers yesterday, boasting an extraordinary surge of 10,016%.
At one point the meme coin was up by 21,830% when it ascended to an intraday high of $0.000000003590 before profit-taking forced its price to retreat to a closing of $0.000000001864.
BLUI's journey continues to be tumultuous today, with an additional drop of 43.27% bringing its current trading price to $0.000000001083.
A look at the 15-minute technical indicators paints a challenging picture for BLUI. BLUI's 10 EMA currently stands at $0.000000001128, while the 20 EMA comes in slightly higher at $0.000000001169.
The 50 EMA, which is often used as a longer-term trend indicator, sits at $0.000000001293. Given these levels are all higher than the current price, they suggest that an immediate bearish trend is in play.
However, the trading volume and market capitalization data offer some counterbalance to this bearish sentiment. BLUI recorded a 24-hour volume of $5.06 million, indicating a significant interest in trading. Meanwhile, the total market cap hovers at $1.07 million.
Despite the prevailing bearish mood, certain levels of resistance and support could be pivotal for traders.
Imminent resistance for BLUI is found at the 10 and 20 EMA levels of $0.000000001128 and $0.000000001169 respectively.
Additionally, a significant horizontal resistance zone lies between $0.000000001237 and $0.000000001293. This zone is crucial as it aligns with the 50 EMA, signaling a potential buying opportunity should BLUI successfully remount this level.
Conversely, the current swing low support zone ranges from $0.0000000008778 to $0.000000001052. If the value declines further, the next support zone lies between $0.0000000006256 and
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