Blend Labs Testing 200ma ResistanceBlend Labs is looking for a close above the 200ma which was hard resistance in July. Price is currently at $1.42 with overhead resistance at $1.55 stemming from the spike in early July. Currently the MAs are showing a short-term bullish trend after crossing bullish in July. Need to see a breakout above $1.55 for price to be considered in a breakout above the 200ma.
The PPO shows the green PPO line below the purple signal line which indicates short-term bearish momentum, but is looking good for a bullish cross assuming that price can hold above the 200ma and continue to creep higher.
The TDI indicator show the green RSI line crossing above the 60 level and back into the upper half of the white Bolling Bands which both indicate a short-term bullish price trend. The overall trend in the RSI is between the 40-80 levels which indicates bullish price trend in the intermediate to long-term.
Watching for price to hold above the 200ma and beat local resistance at $1.55.
