Market Overview for Blur/Tether (BLURUSDT) – 2025-09-24

Generated by AI AgentTradeCipher
Wednesday, Sep 24, 2025 3:22 pm ET2min read
Aime RobotAime Summary

- BLURUSDT traded between 0.0739–0.0787 on 9/24, closing at 0.0775 after a morning rebound.

- Volume spiked to 13.6M BLUR but showed bearish divergence at 0.0785 as RSI hit overbought levels.

- Bollinger Bands expanded post-contraction, with key support at 0.0750 and resistance near 0.0785.

- A bullish engulfing pattern at 0.0755 and golden cross on 15-minute SMA suggested short-term long bias.

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Summary
• Blur/Tether (BLURUSDT) traded in a 0.0739–0.0787 range, closing at 0.0775 after a morning rebound.
• Volume surged to 13.6M at 12:00 ET, but turnover showed divergence from price.
• RSI overbought at 70+ in late trading, suggesting potential pullback.
• Bollinger Band contraction noted pre-9/24, followed by expansion as volatility increased.
• Key support levels identified at 0.0750 and 0.0739, with resistance near 0.0785.

The 24-hour session for Blur/Tether (BLURUSDT) saw a 0.0762 open at 12:00 ET–1, peaking at 0.0787 and bottoming at 0.0739 before closing at 0.0775 at 12:00 ET. Total volume reached 13.6 million

BLUR
, with a notional turnover of $10.5 million. The pair exhibited a choppy morning followed by a sustained upward bias in the afternoon.

Structure & Formations


Price found support at the 0.0750 level twice during the session, with a bullish engulfing pattern forming at 0.07548–0.07598 after a morning decline. A morning doji at 0.07477–0.07518 hinted at indecision before the afternoon rebound. Resistance emerged at 0.0770 and 0.0785, with a bearish divergence in volume at the 0.0785 level.

Moving Averages


On the 15-minute chart, the 20SMA crossed above the 50SMA in the early afternoon, forming a golden cross. The 50-period SMA sat near 0.0775, offering initial support. The daily chart showed the 50DMA at 0.0765 and the 200DMA at 0.0752, with price above both, suggesting bullish momentum.

MACD & RSI


The MACD histogram turned positive around 0.0765 as price reversed upward, confirming the bullish trend. RSI pushed above 70 in the late session, indicating overbought conditions and a possible pullback. Momentum has shifted from bearish to mixed as the 24-hour period progressed.

Bollinger Bands


Volatility increased dramatically after a morning contraction, with the upper band expanding to 0.0785 and the lower band at 0.0748. Price closed near the upper band at 0.07838, signaling a strong move but also potential for a near-term correction.

Volume & Turnover


Volume spiked at 12:00 ET to 13.6 million BLUR, confirming the morning rebound. However, notional turnover showed a divergence as price rose, with turnover peaking at 0.0785 and then declining. This suggests reduced conviction in the upper levels and potential for reversal.

Fibonacci Retracements


Applying Fibonacci to the morning selloff from 0.0787 to 0.0739, key levels of 38.2% (0.0764) and 61.8% (0.0758) were tested. Price held above the 61.8% level in the afternoon, with a 78.6% level at 0.0745 likely offering near-term support.

Backtest Hypothesis


A backtesting strategy could be built on the morning doji and subsequent bullish engulfing pattern near 0.0755. A long entry after a close above 0.0759 with a stop below 0.0750 and a target at 0.0775 aligns with the Fibonacci and moving average structure. The RSI divergence at 0.0785 suggests a short-term reversal setup, making this a viable candidate for a 1-2 hour trade. This hypothesis is supported by the volume confirmation in the morning and the bearish divergence in the afternoon.