Blur/Tether (BLURUSDT) Market Overview: Volatility Expands, Momentum Peaks

• Price surged from $0.08076 to $0.08461 amid strong late-day volume, indicating bullish momentum.
• RSI and MACD suggest oversold to overbought transition, signaling potential short-term exhaustion.
• Bollinger Bands show volatility expansion, with price near upper band at market close.
• Volume spiked in final 6 hours, confirming accumulation or breakout attempt.
• Fibonacci levels at $0.0832 and $0.0844 are now key resistance for near-term direction.

At 12:00 ET on 2025-09-15, Blur/Tether (BLURUSDT) opened at $0.08076, reaching a high of $0.08461 and a low of $0.08076, closing at $0.08461 by 12:00 ET on 2025-09-16. Total volume was 5,496,113.9 BLUR, and turnover was $460,389.09 over the 24-hour window. Price action showed a clear bullish trend, driven by strong volume in the afternoon and early evening hours.

Structure & Formations

Price formed a bullish reversal pattern during the early hours of the morning, with a doji at $0.0821–$0.0821 followed by a green engulfing candle at $0.08173–$0.08226. These patterns signaled a shift from bearish control to bullish momentum. Later, a tall bullish candle from $0.08346 to $0.08417 (15-minute chart) confirmed a breakout from consolidation. Key support levels identified include $0.0816, $0.0822, and $0.0830, with $0.0844 and $0.0850 forming resistance levels for the next 24 hours.

Moving Averages, MACD, and RSI

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the afternoon, confirming bullish momentum. The MACD histogram showed a strong positive divergence between price and momentum in the last 6 hours, suggesting overbought conditions. The RSI reached 75 at 08:15 ET and peaked near 80 in the final candle, indicating short-term exhaustion. On the daily chart, the 50-period MA crossed the 200-period MA, forming a golden cross that supports continuation of the uptrend.

Bollinger Bands and Volatility

Volatility expanded significantly in the late morning and early afternoon, with price moving from near the lower band at $0.0821 to the upper band at $0.0846. The Bollinger Band squeeze had occurred earlier in the day, followed by a sharp breakout. This pattern is often a precursor to significant price moves, and the current position near the upper band suggests overbought conditions, though a break above $0.0850 could extend the move.

Volume and Turnover

Volume surged in the final hours, with the 08:15–08:30 and 08:30–08:45 timeframes showing the largest increases. Notional turnover in these periods confirmed the price breakout and suggested accumulation by larger players. Divergence between price and volume was not observed, meaning the trend is well-supported. The total volume of 5.496M BLUR is consistent with a moderate breakout and does not suggest immediate reversal risk.

Fibonacci Retracements

Applying Fibonacci to the recent $0.08076 to $0.08461 move, key levels include 38.2% at $0.0824, 50% at $0.0827, and 61.8% at $0.0831. Price tested and held above the 61.8% level in the final hours, indicating strong buy-side conviction. A close above $0.0844 would suggest a target at $0.0850, based on the 161.8% extension level. These levels will be important for near-term direction.

Backtest Hypothesis

The identified Fibonacci levels and confirmed MACD crossover provide a basis for a breakout and trailing stop strategy. A long entry at $0.0831 with a stop below $0.0822 could be supported by the Bollinger Band and RSI overbought signals. Holding through the $0.0844 level would aim for a $0.0850 target, consistent with 161.8% extension. This setup suggests a high-probability short-term trade, though caution is warranted as overbought RSI and tight Bollinger Bands may indicate short-term exhaustion.