Market Overview for Blur/Tether (BLURUSDT)

Summary
• Price tested key support near 0.0310 before rebounding, with a 5-minute bullish engulfing pattern forming at 0.0314–0.0315.
• Momentum slowed toward the end of the day, with RSI nearing oversold territory and MACD divergence hinting at a potential bounce.
• Volatility increased with a Bollinger Band expansion after a tight consolidation, and volume spiked during the break below 0.0313.
• Fibonacci levels at 0.03132 (38.2%) and 0.03108 (61.8%) appear critical for short-term direction.

24-Hour Performance

At 12:00 ET on 2026-01-05, Blur/Tether (BLURUSDT) opened at 0.0310, traded between 0.0309 and 0.03254, and closed at 0.03107. Total volume reached 11,273,900.5, and notional turnover amounted to $357,830.85.

Structure and Candlestick Patterns

Price tested key support near 0.0310, finding a short-term floor. A 5-minute bullish engulfing pattern emerged around 0.0314–0.0315, suggesting a temporary reversal. A long lower wick during the early morning (0.0313–0.0316) indicated rejection of higher levels.

Momentum and Volatility

Momentum, as measured by RSI, approached oversold territory by the end of the day, suggesting a potential bounce. MACD showed bearish divergence during the decline below 0.0313 but a narrowing histogram hinted at fading bearish pressure. Volatility increased significantly as Bollinger Bands expanded from a tight consolidation around 0.0314.

Volume and Turnover Analysis

Volume spiked during the early morning break below 0.0313, confirming the move lower. However, by the late morning, volume diminished while price remained in a tight range, signaling indecision. Turnover aligned with volume spikes, especially around 0.0315–0.0317. No significant divergence was observed between price and volume.

Fibonacci Retracements

Fibonacci levels from the recent 5-minute swing high (0.03176) to low (0.03105) show 38.2% at 0.03132 and 61.8% at 0.03108 as potential support levels. If the 0.03108 level holds, a rebound into 0.0313–0.0315 is possible.

Outlook and Risk

With RSI nearing oversold levels and a bullish engulfing pattern forming, a short-term bounce into 0.0313–0.0315 could be in play. However, a break below 0.03108 may trigger deeper selling, so traders should closely monitor volume during any rally.