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

• BLURUSDT traded in a 24-hour range of $0.0538–$0.0613, closing near session lows.
• Strong bearish momentum emerged after an initial bullish thrust in early ET hours.
• Volatility expanded through Bollinger Band breaches, with a peak-to-trough swing of ~11%.
• Volume surged during the selloff, with turnover confirming downward momentum.
• A key support level at $0.0568 was tested twice, with potential for further downside.

The 24-hour session for Blur/Tether (BLURUSDT) saw the pair open at $0.05858 on 2025-10-13 12:00 ET and close at $0.05547 on 2025-10-14 12:00 ET. The highest price reached was $0.0613, while the lowest was $0.0538. Total volume traded in the 24-hour window was ~9.5 million BLUR, with a notional turnover of approximately $540,000. The price action unfolded with a sharp initial rise followed by a sustained decline, ending near the session low.

Structurally, BLURUSDT formed several bearish patterns during the session, including a hanging man near $0.0605 and a bearish engulfing pattern at $0.0606. The pair encountered key resistance at $0.0603 and $0.0568, with the latter acting as a dynamic support-turned-resistance as the price tested it twice. A 20-period and 50-period EMA on the 15-minute chart both turned bearish, with the 50-period line crossing below the 20-period line in the early hours of the session, suggesting a shift in momentum. On the daily chart, the 50, 100, and 200 EMA lines were all in a bearish alignment, reinforcing the bearish bias.

The RSI indicator showed oversold conditions by the end of the session, dipping below 30, while the MACD histogram remained negative for most of the period. This indicates a strong bearish momentum phase, though the RSI divergence suggests potential for a short-term rebound. The price spent much of the session below the lower Bollinger Band, especially after the 05:00 ET mark, indicating high volatility and a period of consolidation or exhaustion. The Bollinger Band width also expanded significantly during the selloff, confirming increased market anxiety.

Fibonacci retracement levels for the key $0.0538–$0.0613 swing showed the price finding support at the 38.2% level ($0.0576) and 50% level ($0.0576), though it failed to hold at the 61.8% level ($0.0569). This suggests that while buyers attempted to step in during the decline, they lacked conviction to push the price above key retracement levels. Given the current price action, it appears that the pair could continue testing support levels over the next 24 hours, particularly below $0.0545, with a risk of a further selloff if those levels are breached without a rebound.