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Major Pair Currency Score: EURUSD and GBPUSD Extremely Bearish, USDCAD and USDCHF Extremely Bullish 
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JPY Major Currency Score: GBPJPY, EURJPY, NZDJPY, AUDJPY, CADJPY, and CHFJPY show a bearish trend 
 - EconoTimes)
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Blend is a peer-to-peer Blur's perpetual lending platform that supports arbitrary collateral, including NFTs. It allows users to borrow ETH with NFT collateral. Blend Protocol contends that privacy is equally vital in this equation.
Competitive analysis
|
|
Blend |
HOUDINI Swap |
flyp.me |
Fixed Float |
|
Transaction cost (%) |
0.3 |
0.45 |
1 |
0.50-1 |
|
Revenue Share |
yes |
NA |
yes |
yes |
|
Fee-free program |
yes |
NA |
NA |
NA |
|
Staking |
Yes |
Yes |
NA |
NA |
BLURUSD prices surged more than 25% in the past two days. It hit a high of $0.755 and currently trading around $0.7386. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $0.80, any indicative breach above will take the pair to $1/$1.25. On the lower side, immediate support is $0.69, and any violation below target is $0.600/$0.500.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $0.60 with SL around $0.50 for TP of $1/$1.25.
