Market Overview: Blur/Tether (BLURUSDT) 24-Hour Action

• Blur/Tether (BLURUSDT) rose 3.9% over 24 hours, capped by 0.08961 high but held 0.08409 support.
• Strong volume-driven rally emerged post-17:00 ET, with 4.8 million traded at peak.
• RSI spiked to 68, signaling moderate overbought conditions, while MACD crossed above zero.
• Volatility expanded with price moving outside upper Bollinger Band late in session.
• Divergence flagged at 14:00 ET when price fell but turnover surged 28%.

Blur/Tether (BLURUSDT) opened at 0.08409 on 2025-09-12 at 12:00 ET, reached a high of 0.08961, and closed at 0.08875 at 12:00 ET on 2025-09-13. Total 24-hour volume stood at 16.03 million, with $1,438,813 in notional turnover. The price surged after a sustained buying wave from 17:00 to 19:00 ET, then faced early afternoon selling pressure.

Structure & Formations

The 24-hour chart shows a clear ascending triangle pattern developing, with key resistance at 0.08961 and support at 0.08409. A bullish engulfing pattern emerged at 17:45 ET, confirming a shift in sentiment. A doji at 04:45 ET signaled indecision, followed by a strong green candle at 06:30 ET, opening the door to higher prices. A bearish divergence emerged briefly at 14:00 ET, where price fell while volume spiked, but buying pressure reasserted by 15:15 ET.

Moving Averages and Momentum

On the 15-minute chart, the 20SMA crossed above the 50SMA (golden cross), confirming bullish momentum. The daily chart shows the 50DMA above the 100DMA, but the 200DMA remains a key psychological barrier near 0.08600. MACD moved into positive territory at 17:00 ET, with a strong signal line crossover. RSI surged to 68 by 15:15 ET, indicating moderate overbought conditions, though not extreme.

Bollinger Bands and Volatility

Volatility expanded significantly as price moved above the upper Bollinger Band at 15:15 ET, reaching 0.08961. The band width widened from 0.0003 to 0.0005 during the peak buying phase. This suggests heightened speculative activity and potential for a continuation or pullback. Price remains outside the upper band, signaling a volatile but directionally strong move.

Volume and Turnover Analysis

Volume surged to a peak of 13.4 million at 14:00 ET as price dipped to 0.08834, indicating strong support buying. Notional turnover exceeded $118,000 at that time. A divergence appeared between price and turnover at 14:00 ET, where price fell but turnover increased by 28% in a 15-minute interval. This suggests potential short-covering or accumulation.

Fibonacci Retracements

Applying 38.2% and 61.8% retracements to the 0.08409 to 0.08961 swing, key levels at 0.0866 and 0.0880 emerged as significant. Price tested 0.0880 at 11:45 ET and rebounded, suggesting short-term demand. The 61.8% level at 0.0880 could hold as a key support or trigger a retest of 0.08961 in a bullish scenario.

Backtest Hypothesis

A potential backtest could use the golden cross of 20SMA over 50SMA on the 15-minute chart as an entry signal, combined with RSI above 55 and volume above 200,000. Stop-loss could be placed at the 15-minute low of the preceding 3 candles, with a target of 61.8% Fibonacci level. This strategy appears to align with the observed surge in volume and momentum shifts during the 17:00–19:00 ET window.

The next 24 hours may see continued consolidation as traders digest the recent breakout. A close above 0.08927 could target 0.08961, but a retest of 0.0880 is likely if momentum stalls. Investors should remain cautious of a potential pullback, especially if RSI moves back below 55 or if volume fails to confirm further gains.