Market Overview for Blur/Tether (BLURUSDT)

Summary
• Price action formed a key 5-minute bullish engulfing pattern at 0.02628–0.02634.
• RSI shows moderate momentum, near neutral territory with no overbought or oversold signals.
• Volatility expanded in the final 6 hours, with volume surging past 1.5 million BLUR.
• Bollinger Bands tightened mid-day before a sharp breakout above the upper band.
• Fibonacci 61.8% level at 0.0266 acted as a temporary resistance during the upward push.

24-Hour Snapshot

Blur/Tether (BLURUSDT) opened at 0.02628 on 2025-12-18 at 12:00 ET, reached a high of 0.02765, a low of 0.0257, and closed at 0.02747 on 2025-12-19 at 12:00 ET. Total 24-hour volume was 9,363,482.2 BLUR, with a turnover of approximately $257,511.

Structure and Price Action

The 24-hour candlestick pattern shows a strong upward bias after a brief bearish dip early in the session. A key 5-minute bullish engulfing pattern emerged near 0.02628–0.02634, signaling potential short-term strength. Later, a sharp rebound off the 0.0261–0.0262 support level reinforced the bullish case.

The price pushed above the Bollinger Bands’ upper boundary in the final 6 hours, suggesting increasing volatility and conviction among buyers.

Momentum and Volatility

RSI remained in a moderate range, fluctuating between 45 and 58, with no clear overbought or oversold conditions. MACD showed a bullish crossover in the afternoon, with positive divergence forming between the MACD histogram and price during the final push. Bollinger Band contraction occurred early in the day but was followed by a strong expansion as the price surged upward.

Volume and Turnover

Volume spiked significantly during the late afternoon and into the evening session, with over 1.5 million BLUR traded in a 90-minute span. Notional turnover followed a similar trajectory, confirming the strength of the upward move. However, a divergence appears between volume and price during the morning hours, as volume increased while the price consolidated, suggesting some indecision in the early part of the session.

Forward Outlook and Risk Consideration

The recent move above the 0.0272–0.0273 level could open the door to testing the 0.0276–0.0277 Fibonacci resistance. However, a pullback to the 0.0268–0.0270 range is possible if buyers fail to commit. Investors should monitor the 0.0272 level closely, as a break below may trigger renewed bearish pressure. Volatility remains high, and rapid reversals are possible in the next 24 hours.