Bluzelle (BLZ) Down 0.02% Wednesday: What's Next?

Wednesday, March 27, 2024 04:51 PM | InvestorsObserver Analysts

Bluzelle (BLZ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Smart Contracts has dropped 1.55% to $0.4387306261.

InvestorsObserver is giving Bluzelle a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bluzelle!

See Full Report

Moderately Volatile

InvestorsObserver gives Bluzelle a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BLZ's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Bluzelle price is favorably positioned going forward. With support at $0.403945649659691 and resistance set at $0.461439962184486. This positions Bluzelle with room to run before facing selling pressures.