Blur Has Seen a Sharp Decline Today, a Price Rebound Likely?

• The recent BLUR price analysis shows continuos selling pressure
• The coin dropped by 7.49% to a low of $0.6995 from its high of $0.8115, yesterday.
• BLUR has formed a descending triangle pattern, suggesting further bearish movement in the coming days.

Blur is a native governance token of the revolutionary NFT marketplace and aggregator platform, which provides innovative features like real-time price feeds portfolio management and cross-marketplace NFT comparisons.

The token price has declined by over 80% in the last 30 days, according to the data from CoinGecko. At the time of writing, BLUR is trading at $0.7368 and has a market cap of $192,091,243.

According to the technical analysis on the daily chart, BLUR opened the daily trading session on a bullish note, trading at $0.7862, and then dipped to its lowest point of the day at $0.6995, a 7.49% drop from its high of $0.8115 yesterday.

The coin has now formed a descending triangle pattern on the daily chart, indicating potential bearish momentum in the near future. The volume has declined by over 29% since yesterday, indicating a lack of buying pressure.

The BLUR/USD pair is fo…

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