$BLUAI fresh off its TGE on October 21, is trading around $0.01994, down -0.61% with an open at $0.01981 and high of $0.02020. Volume sits at 101.91M, and RSI hovers at 45.52 (neutral, leaning oversold). The highlight? A clearly marked Bullish Shark Harmonic Pattern, signaling a potential bottom and upside reversal amid recent volatility.
Technical Breakdown
The pattern forms with key points:
Initial impulse up, labeled with Fib ratio 0.427.
A to B: Retracement to 0.603.
B to C: Extension.
C to D: Completion at 1.524, around $0.01754 – a critical support where buyers stepped in. This Bullish Shark (a variant of harmonic patterns) typically indicates a strong reversal when D holds, with projected take-profits:
TP1: $0.02428 (+22% from current).
TP2: $0.02601 (+30%).
TP3: $0.02777 (+39%).
RSI shows divergence, dipping to ~40 before rebounding, supporting a bullish flip if volume spikes. Immediate resistance at $0.02020 (recent high); support at $0.01750 (pattern low). A break above $0.02050 could confirm the pattern and target TPs, while failure at D risks a drop to $0.015.
$BLUAI dipped to ATL $0.0178 post-launch but shows mild recovery signals.d90020 On-chain activity is low but recovering, with whale accumulation noted.5f3952
Fundamental Context
Bluwhale ($BLUAI ) is an AI-driven Web3 intelligence layer, powering data-AI connections with a fixed 10B supply (12.28% circulating at launch).48e87f045305 Recent $10M funding from UOB, SBI, and blockchains like Sui/Arbitrum fuels growth in nodes, staking (yields for operators), and governance.sentiment is mixed: holding support at $0.0514 (earlier levels, now adjusted post-dump), with AI utility driving long-term bets.Price predictions for 2025 range from $0.0223 short-term to highs of $0.0708 if adoption ramps.
Outlook and Trade Ideas
Bullish scenario: Pattern validation pushes BLUAI to TP3 ($0.0277) by November, riding AI hype and ecosystem grants. Long perps above $0.020 with stops below $0.0175.
Bearish risks: Broader market dump or low on-chain activity could test $0.015. Watch for volume fade as a red flag.
DYOR – AI tokens are volatile, but this setup has potential! What's your BLUAI play? Comment below.
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