Market Overview for Blur/Tether (BLURUSDT) as of 2025-10-13

• Price surged from $0.0529 to $0.0590 in 24 hours on elevated volume.
• Key resistance tested at $0.0590–0.0593, with pullback expected near $0.0580.
• Strong bullish momentum in afternoon session, overbought RSI suggests consolidation.
• Volatility expanded mid-day; Bollinger Bands widened, indicating increased market activity.
• On-balance volume confirmed price gains; no major divergence observed.

Blur/Tether (BLURUSDT) opened at $0.0529 (12:00 ET − 1) and closed at $0.0590 (12:00 ET), hitting a high of $0.0593 and a low of $0.0527. Total volume reached 64,702,000 tokens with a turnover of $3,688,549. The pair displayed strong 24-hour momentum with notable price expansion and increased volatility in the afternoon.

Structure & Formations

The 24-hour chart revealed a strong bullish impulse from $0.0527 to $0.0590, peaking just before 16:00 ET. A bullish engulfing pattern formed around $0.0575–0.0580, while a hanging man candle appeared near $0.0593 at the close, hinting at potential short-term resistance. A key support level appears at $0.0565, where price bounced twice during the session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show a strong bullish crossover, with price trading well above both. On the daily timeframe, the 50-period MA is approaching the 200-period MA from above, suggesting a positive trend continuation is likely. Price has not yet tested the 100-period MA, but it is approaching $0.0578–0.0580.

MACD & RSI

The MACD remains in positive territory with a growing histogram, confirming sustained momentum. The RSI reached 75–78 in the final hours, indicating overbought conditions and suggesting a near-term pullback. A return to 50–60 may confirm the trend's strength.

Bollinger Bands

Bollinger Bands expanded significantly in the afternoon, reflecting rising volatility. Price traded near the upper band for most of the day, with a small pullback near the close. A retest of the lower band around $0.0565 could confirm if the move is a consolidation or a correction.

Volume & Turnover

Volume surged in the late afternoon and early evening, peaking around $0.0565–0.0590, with total turnover aligning closely with price highs. No divergence between price and volume was observed, suggesting strong conviction behind the rally. A further increase in turnover on the next breakout may validate the continuation of the trend.

Fibonacci Retracements

Applying Fibonacci retracements to the major $0.0527–0.0593 swing, key levels to watch are $0.0565 (38.2%) and $0.0553 (61.8%). A retest of $0.0580 may trigger a minor consolidation before the next move.

Backtest Hypothesis

To test the strength of the current rally, we propose identifying MACD golden cross events for a similar high-volume, mid-cap token (e.g., BLUR on Binance). By detecting these events from 2022-01-01 to 2025-10-13, we can measure the average return over the 7–10 trading days following each signal. Given the current MACD crossover, a golden cross suggests a potential continuation of the upward trend. If historical data supports this signal, the strategy could be refined with stop-loss placement around $0.0565 and take-profit targets near $0.0610.