Market Overview for Blur/Tether (BLURUSDT) – 2025-09-18

• Blur/Tether (BLURUSDT) traded in a tight range before breaking to the upside in the late NY session.
• Momentum picked up post-18:00 ET with a sharp bullish reversal and expanding volatility.
• Price reached a 24-hour high of $0.08867 and closed near that level, suggesting strong accumulation.
• High volume confirmed the breakout above key resistance with no divergence between price and turnover.
• RSI and MACD indicated positive momentum, but not yet overbought conditions.

At 12:00 ET on 2025-09-18, Blur/Tether (BLURUSDT) opened at $0.08297, reached a high of $0.08867, and closed at $0.08871 after fluctuating between $0.08242 and $0.08871. Total volume for the 24-hour period was approximately 7.02 million contracts, with a notional turnover of $615,662. The late-day breakout suggests a shift in sentiment, with bulls in control after a period of consolidation.

The 15-minute chart reveals a clear breakout structure following a bearish phase from 12:00 to 18:00 ET. After a key bullish engulfing pattern at 18:15 ET, price surged past the previous high of $0.08506 and held above it. Key support levels appear to be at $0.08700 and $0.08620, while resistance is now at $0.08900 and $0.09000. A doji at $0.08871 suggests a potential pause in upward momentum, but the overall structure remains bullish.

Bollinger Bands reflected a period of consolidation before the breakout, with price eventually moving above the upper band after 18:00 ET. Volatility increased significantly post-breakout, confirming the strength of the move. The 20-period and 50-period moving averages on the 15-minute chart crossed to the bullish side, with price now well above both. On the daily chart, the 50, 100, and 200-period MAs are aligned in a bullish configuration, supporting the case for a larger uptrend.

RSI on the 15-minute chart climbed to 61 and held above 50, indicating rising momentum. MACD crossed into positive territory with a strong histogram, suggesting continuation of the bullish move. Fibonacci levels for the recent swing from $0.08242 to $0.08867 suggest that 38.2% retracement is at $0.08557 and 61.8% at $0.08734. The price currently resides above both, indicating potential for further upside.

The 24-hour volume profile shows a sharp increase in activity after 18:00 ET, with the largest candle occurring at 18:15 ET, where 2.53 million contracts traded. Notional turnover also spiked in this period, aligning with price. No major divergences were observed between volume and price during the move, which suggests the strength of the bullish breakout is genuine.

Backtest Hypothesis: A potential strategy involves entering long positions on a bullish engulfing pattern confirmed by a breakout above the 15-minute upper Bollinger Band, with a stop-loss placed below the previous swing low. The 1:2 risk-reward ratio is used, with targets based on Fibonacci 127.2% and 161.8% projections. The recent move aligns with this strategy, showing strong confirmation and directional clarity. Historical data suggests success rates improve when the breakout coincides with the 20-period MA crossing above the 50-period MA.