BLURUSDT Breaks Key Resistance But RSI Suggests Breathless Rally

Summary
• Price broke key resistance near 0.0194–0.01944 and surged to a 24-hour high of 0.02002.
• Volume spiked 480x at peak, confirming the break of 0.0198–0.0199 consolidation.
• RSI reached overbought territory near 85 as price approached 0.02002, signaling potential pullback.
• Bollinger Band expansion aligned with the breakout, showing rising volatility.
• Fibonacci retracement at 0.01985 became a short-term support level during consolidation.

Blur/Tether (BLURUSDT) opened at 0.01925 on 2026-02-24 12:00 ET, surged to 0.02002, and closed at 0.01981 as of 2026-02-25 12:00 ET. Total volume reached 1.89 million contracts, with a notional turnover of $4,533.55, marking one of the most active 24-hour periods in recent data.

Structure and Key Levels

Price formed a bullish engulfing pattern at 0.01985–0.01993, breaking above a prior consolidation range. A strong rejection at the upper Bollinger Band occurred at 0.02002, which appears to be a high-probability resistance area. The 0.01985–0.01982 zone is now acting as a dynamic support level, confirmed by multiple retests and volume confirmation.

Technical Indicators

The RSI surged into overbought territory near 85 during the 0.02002 high, suggesting potential exhaustion of the bullish momentum. The MACD crossed above zero with a strong histogram peak at 0.00005, confirming the breakout. Price has since pulled back slightly, with the 50-period moving average now serving as a potential pivot point.

Volatility and Volume

Volatility increased significantly following the 0.01985–0.01993 breakout, with Bollinger Bands expanding. A sharp volume spike was observed around 0.02002, with a 5-minute candle showing 485,000 contracts traded. Turnover and volume aligned, confirming the strength of the move. However, divergence between price and RSI suggests traders should watch for a potential retracement.

Projection and Caution

BLURUSDT may test the 0.0197–0.01965 zone for support over the next 24 hours, with a potential retest of the 0.01985–0.01993 range if buyers re-enter. Traders should remain cautious as overbought conditions and high volatility increase the risk of a reversal, particularly if volume declines and momentum wanes.