Market Overview for Blur/Tether (BLURUSDT)

Summary
• Price surged 12.6% over 24 hours, breaking above 0.03450 and forming a bullish breakout pattern.
• RSI crossed 60, signaling momentum shift, but not yet overbought.
• Volume and turnover aligned with upward moves, confirming strength.
• Bollinger Bands widened, reflecting increased volatility.
• Key support now sits at 0.03450, with next resistance likely at 0.03550.

At 12:00 ET on January 17, 2026, Blur/Tether (BLURUSDT) opened at 0.03417, reached a high of 0.03681, and closed at 0.03780 after trading as low as 0.03378. Total volume over 24 hours was 30,911,364.8 and turnover amounted to 1,131,200.90.

Structure & Formations

Price action on BLURUSDT showed a clear bullish breakout above the 0.03450 resistance level, confirmed by a series of higher highs and higher lows. A key bullish engulfing pattern formed around 0.03450 during the overnight session, which appears to have signaled a shift in control. Support levels at 0.03450 and 0.03380 are now critical for near-term direction, with 0.03450 acting as a psychological pivot.

Volatility and Momentum

Bollinger Bands expanded significantly during the late hours of January 16 and the early morning of January 17, coinciding with the breakout. Price remained within the upper band for much of the day, suggesting elevated volatility. RSI climbed to just below 60, indicating bullish momentum without entering overbought territory. MACD showed positive divergence and remained above the signal line, reinforcing the bullish narrative.

Volume and Turnover

Volume spiked during the 0.03450 breakout and remained elevated throughout the session, suggesting strong conviction among buyers. Turnover closely mirrored the volume increases, indicating no significant price-turnover divergence. This alignment supports the likelihood of a continuation of the upward trend.

Forward Outlook and Risk

The move above 0.03450 suggests a potential test of the next resistance level near 0.03550. However, traders should monitor for any signs of weakening momentum or volume contraction in the next 24 hours. A pullback to the 0.03450–0.03405 range could test the strength of the breakout, and caution is advised until a firm close above 0.03550 is confirmed.