Market Overview for Blur/Tether (BLURUSDT) – 2025-10-31

• Price declined from 0.04569 to 0.04668 over 24 hours amid mixed volume and volatility.
• A bearish move followed by a rebound in the last 8 hours suggests short-term indecision.
• High volume observed in the 15-hour window, but turnover did not confirm a strong breakout.
• RSI and MACD show waning bullish momentum with no clear overbought/oversold levels.
• Key resistance appears around 0.0467–0.0472, while support rests at 0.0459–0.0455.

Blur/Tether (BLURUSDT) opened at 0.04569 on 2025-10-30 12:00 ET and closed at 0.04668 on 2025-10-31 12:00 ET, reaching a high of 0.0472 and a low of 0.04413. The pair recorded a 24-hour volume of approximately 22,824,108.3 BLUR and a turnover of $1,046,760 (notional value).

The 15-minute OHLCV data reveals a volatile but ultimately mixed 24-hour session. The price initially declined sharply during the first 6 hours, forming several bearish patterns such as the bearish engulfing at 0.0456 (16:30 ET) and a strong bearish reversal at 0.04489 (17:15 ET). These were followed by a consolidation phase and a modest rebound in the last 8 hours, with the price closing near the 0.04668 level. This suggests traders are testing the strength of the recent lows and looking for confirmation before taking decisive positions. The price action appears to be caught between key resistance at 0.0467 and support at 0.0459, with no clear breakout yet.

Bollinger Bands indicate a slight contraction in the last 3 hours, hinting at a potential reversal or consolidation. RSI is hovering near neutral territory at 53, with no strong divergence from price. MACD remains in positive territory but with a flattening histogram, indicating waning bullish momentum. The 20-period EMA sits at 0.0462, providing a dynamic support level, while the 50-period EMA lags behind at 0.0459. The price has spent much of the last 24 hours inside the upper and lower bands, indicating moderate volatility.

Looking at Fibonacci retracement levels from the recent 0.04413 low to 0.0472 high, the 38.2% and 61.8% levels are at 0.0452 and 0.0459, respectively. The price has found some support near 0.0459 and is likely to face resistance as it tests 0.0467 again in the next 24 hours. If the price breaks above 0.0472, it could signal a new wave of optimism; a retest of the 0.0459 level could confirm the support and initiate a short-term rally. However, the absence of a clear breakout suggests continued caution and a wait for stronger directional signals.

Backtest Hypothesis

To refine the analysis and potentially build a trading strategy around this pair, we attempted to pull historical occurrences of the Bullish Engulfing pattern on BLURUSDT. Unfortunately, the query returned an internal server error, likely due to an invalid or incomplete ticker format. A valid ticker (e.g., “BINANCE:BLURUSDT”) or confirmation of the correct exchange is required to proceed. Once the ticker is confirmed, we can extract historical Bullish Engulfing signals, apply a 1-day holding strategy, and backtest the performance to evaluate its viability. This would allow us to integrate this pattern with the current technical setup for better decision-making.